Altareit SCA Stock Forecast
Altareit SCA stock price down 0% on Monday
(Updated on Jun 17, 2024)
No changes to the price of Altareit SCA stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at 462.00€ to a day high of 462.00€. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 460.45€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Altareit SCA stock with a 90% probability to be traded between 462.36€ and 482.85€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AREIT.PA Signals & Forecast
The Altareit SCA 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 462.00€ and 469.20€. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.435%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Altareit SCA stock
Altareit SCA finds support from accumulated volume at 460.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: 432.54€ (-6.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (AREIT.PA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Altareit SCA to open at 462.00€, and during the day (based on 14 day Average True Range), to move between 461.04€ and 462.96€, which gives a possible trading interval of +/-0.96€ (+/-0.21%) up or down from last closing price. If Altareit SCA takes out the full calculated possible swing range there will be an estimated 0.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 460.00€ (0.43%) than the resistance at 468.00€ (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altareit SCA stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.052 Buy Candidate Unchanged
Predicted Opening Price for Altareit SCA of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 462.00€ ( 0%) | 462.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AREIT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 462.00 | - |
| R2 | 462.00 | - |
| R1 | 462.00 | - |
| Price | 462.00 | |
| S1 | 462.00 | - |
| S2 | 462.00 | - |
| S3 | 462.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 478.00 | 3.46% |
| R2 | 470.00 | 1.73% |
| R1 | 468.00 | 1.30% |
| Price | 462.00 | |
| S1 | 460.00 | -0.433% |
| S2 | 458.00 | -0.87% |
| S3 | 0 | - |
FAQ
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