Alstom SA Stock Forecast
Evaluation of Alstom SA stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Alstom SA stock price fell by -0.129% on the last day (Friday, 28th Jun 2024) from 15.55€ to 15.53€. During the last trading day the stock fluctuated 0.93% from a day low at 15.53€ to a day high of 15.67€. The price has fallen in 7 of the last 10 days and is down by -0.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 147 shares were bought and sold for approximately 2.28€ thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 15.01€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.42% during the next 3 months and, with a 90% probability hold a price between 17.18€ and 23.64€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AOMD.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 3.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 15.63€ and 17.27€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 14.94€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.145€ between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.68%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Alstom SA to open at 15.57€, and during the day (based on 14 day Average True Range), to move between 15.03€ and 16.02€, which gives a possible trading interval of +/-0.495€ (+/-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 6.38% 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€ (1.32%) than the support at 14.94€ (3.80%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.690 Sell Candidate Downgraded
Predicted Opening Price for Alstom SA of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 15.57€ ( 0.311%) | 15.53€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOMD.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.72 | 1.25% |
| R2 | 15.66 | 0.89% |
| R1 | 15.63 | 0.668% |
| Price | 15.53 | |
| S1 | 15.52 | -0.0455% |
| S2 | 15.48 | -0.266% |
| S3 | 15.43 | -0.623% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.61 | 13.40% |
| R2 | 17.07 | 9.95% |
| R1 | 15.73 | 1.32% |
| Price | 15.53 | |
| S1 | 14.94 | -3.80% |
| S2 | 14.88 | -4.19% |
| S3 | 13.97 | -10.02% |
AOMD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2023 | Jul 17, 2023 | Jul 17, 2023 | 0.250€ | 0% |
| 2 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | 0.250€ | 0% |
| 3 | Aug 02, 2021 | Aug 02, 2021 | Aug 02, 2021 | 0.250€ | 0% |
| 4 | Jul 07, 2017 | Jul 07, 2017 | Jul 07, 2017 | 0.233€ | 0% |
| 5 | Jul 04, 2013 | Jul 04, 2013 | Jul 04, 2013 | 0.781€ | 0% |
FAQ
Click here for our free guide on how to buy Alstom SA Stock.
