Alstom SA Stock Forecast

Red day on Tuesday for Alstom SA stock after losing 1.09%
(Updated on Jun 25, 2024)

AOMD.F Signals & Forecast

There are few to no technical positive signals at the moment. The Alstom SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 15.96€ and 17.41€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -21.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Alstom SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Alstom SA stock

Alstom SA finds support from accumulated volume at 14.88€ 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 0.0600€ between high and low, or 0.388%. For the last week, the stock has had daily average volatility of 1.73%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AOMD.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Alstom SA to open at 15.48€, and during the day (based on 14 day Average True Range), to move between 14.97€ and 15.95€, which gives a possible trading interval of +/-0.494€ (+/-3.19%) up or down from last closing price. If Alstom SA takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 15.73€ (1.75%) than the support at 14.88€ (3.78%), 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 Alstom SA stock A Buy?

The Alstom SA stock holds several negative signals and despite the positive trend, we believe Alstom SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.926 Sell Candidate Unchanged

Predicted Opening Price for Alstom SA of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.