Alior Bank S.A. Stock Forecast
Alior Bank S.A. stock price up 2.27% on Tuesday
(Updated on Jun 25, 2024)
The Alior Bank S.A. stock price gained 2.27% on the last trading day (Tuesday, 25th Jun 2024), rising from 97.68zł to 99.90zł. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.89% from a day low at 96.74zł to a day high of 100.50zł. The price has risen in 8 of the last 10 days and is up by 10.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 238 thousand more shares were traded than the day before. In total, 402 thousand shares were bought and sold for approximately 40.17zł million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 101.24zł will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.45% during the next 3 months and, with a 90% probability hold a price between 80.19zł and 91.67zł at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ALR.WA Signals & Forecast
Mostly positive signals in the chart today. The Alior Bank S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 95.89zł and 95.18zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 10.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Alior Bank S.A. stock
Alior Bank S.A. finds support from accumulated volume at 97.94zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 3.76zł (3.89%) between high and low. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: 96.20zł (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (ALR.WA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Alior Bank S.A. to open at 99.05zł, and during the day (based on 14 day Average True Range), to move between 97.04zł and 102.76zł, which gives a possible trading interval of +/-2.86zł (+/-2.87%) up or down from last closing price. If Alior Bank S.A. takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 99.92zł (0.02%) than the support at 97.94zł (1.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Alior Bank S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.780 Buy Candidate Unchanged
Predicted Opening Price for Alior Bank S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 99.05zł ( 0.85%) | 99.90zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALR.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.81 | 2.91% |
| R2 | 101.37 | 1.47% |
| R1 | 100.48 | 0.584% |
| Price | 99.90 | |
| S1 | 97.61 | -2.29% |
| S2 | 96.72 | -3.18% |
| S3 | 95.29 | -4.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.85 | 2.95% |
| R2 | 101.75 | 1.85% |
| R1 | 99.92 | 0.0200% |
| Price | 99.90 | |
| S1 | 97.94 | -1.96% |
| S2 | 96.80 | -3.10% |
| S3 | 95.34 | -4.56% |
ALR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | 4.42zł | 4.65% |
FAQ
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