Alstom SA Stock Forecast
On Thursday, Alstom SA stock price gained an impressive 5.40%
(Updated on May 02, 2024)
The Alstom SA stock price gained 5.40% on the last trading day (Thursday, 2nd May 2024), rising from $1.58 to $1.66. During the last trading day the stock fluctuated 1.84% from a day low at $1.63 to a day high of $1.66. The price has risen in 7 of the last 10 days and is up by 5.73% 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, 74 thousand more shares were traded than the day before. In total, 269 thousand shares were bought and sold for approximately $446.94 thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 40.20% during the next 3 months and, with a 90% probability hold a price between $2.18 and $2.38 at the end of this 3-month period.
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ALSMY Signals & Forecast
The Alstom SA 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 $1.60 and $1.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 13.70%. Further rise is indicated until a new top pivot has been found. Alstom SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Alstom SA stock
Alstom SA finds support from accumulated volume at $1.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0300 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: $1.60 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ALSMY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Alstom SA to open at $1.65, and during the day (based on 14 day Average True Range), to move between $1.60 and $1.72, which gives a possible trading interval of +/-$0.0570 (+/-3.43%) up or down from last closing price. If Alstom SA takes out the full calculated possible swing range there will be an estimated 6.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.59, some $0.0700 (4.22%) from the current price of $1.66, our system finds the risk reward attractive.
Is Alstom SA stock A Buy?
Alstom SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.293 Strong Buy Candidate Upgraded
Predicted Opening Price for Alstom SA of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.65 ( 0.602%) | $1.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALSMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.68 | 1.20 % | |
| R2 | 1.67 | 0.514 % | ||
| R1 | 1.66 | 0.0880 % | ||
| Current price: | 1.66 | |||
| Support | S1 | 1.64 | -1.29 % | |
| S2 | 1.63 | -1.72 % | ||
| S3 | 1.62 | -2.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.66 | |||
| Support | S1 | 1.59 | -4.22% | |
| S2 | 1.58 | -4.88% | ||
| S3 | 1.39 | -16.27% |
ALSMY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2023 | Jul 17, 2023 | Sep 22, 2023 | $0.0270 | 1.12% |
| 2 | Jul 22, 2022 | Jul 22, 2022 | Sep 12, 2022 | $0.0250 | 1.16% |
| 3 | Jul 01, 2021 | Jul 29, 2021 | Sep 15, 2021 | $0.0300 | 0.85% |
| 4 | Jul 11, 2019 | Jul 11, 2019 | Aug 14, 2018 | $0.625 | 14.64% |
| 5 | Jul 03, 2017 | Jul 03, 2017 | Jul 26, 2017 | $0.0280 | 0.791% |
FAQ
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