Arkema S.A. (ADR) Stock Forecast
Red day on Tuesday for Arkema S.A. (ADR) stock after losing 1.91%
(Updated on Jun 04, 2024)
The Arkema S.A. (ADR) stock price fell by -1.91% on the last day (Tuesday, 4th Jun 2024) from $100.41 to $98.49. During the last trading day the stock fluctuated 1.01% from a day low at $98.49 to a day high of $99.48. The price has fallen in 7 of the last 10 days and is down by -7.08% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately $152.66 thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $102.20 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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ARKAY Signals & Forecast
There are few to no technical positive signals at the moment. The Arkema S.A. (ADR) 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 $101.02 and $103.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -9.95%. 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). Arkema S.A. (ADR) 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".
Support, Risk & Stop-loss for Arkema S.A. (ADR) stock
Arkema S.A. (ADR) finds support from accumulated volume at $98.46 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 $0.99 (1.01%) between high and low. For the last week, the stock has had daily average volatility of 0.356%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARKAY) For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect Arkema S.A. (ADR) to open at $98.82, and during the day (based on 14 day Average True Range), to move between $96.78 and $100.20, which gives a possible trading interval of +/-$1.71 (+/-1.74%) up or down from last closing price. If Arkema S.A. (ADR) takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $98.46 (0.04%) than the resistance at $102.44 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arkema S.A. (ADR) stock A Buy?
Arkema S.A. (ADR) holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.122 Sell Candidate Unchanged
Predicted Opening Price for Arkema S.A. (ADR) of Wednesday, June 5, 2024
| Fair opening price June 5, 2024 | Current price |
|---|---|
| $98.82 ( 0.335%) | $98.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.81 | 1.34 % | |
| R2 | 99.43 | 0.96 % | ||
| R1 | 99.20 | 0.719 % | ||
| Current price: | 98.49 | |||
| Support | S1 | 98.44 | -0.0489 % | |
| S2 | 98.21 | -0.286 % | ||
| S3 | 97.83 | -0.670 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.69 | 6.30 % | |
| R2 | 103.22 | 4.81 % | ||
| R1 | 102.44 | 4.01 % | ||
| Current price | 98.49 | |||
| Support | S1 | 98.46 | -0.0355% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ARKAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | Jun 05, 2024 | $3.74 | 3.79% |
| 2 | May 06, 2023 | May 11, 2023 | Jun 01, 2023 | $3.60 | 4.07% |
| 3 | May 14, 2022 | May 19, 2022 | Jun 09, 2022 | $3.17 | 2.63% |
| 4 | May 04, 2021 | May 24, 2021 | Jun 14, 2021 | $3.00 | 2.27% |
| 5 | May 21, 2020 | May 21, 2020 | Jun 11, 2020 | $2.37 | 2.67% |
FAQ
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