Aroundtown SA Stock Forecast
Aroundtown SA stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The Aroundtown SA stock price gained 1.71% on the last trading day (Tuesday, 7th May 2024), rising from 2.04€ to 2.08€. During the last trading day the stock fluctuated 2.86% from a day low at 2.03€ to a day high of 2.09€. The price has risen in 6 of the last 10 days and is up by 11.74% over the past 2 weeks. Volume fell on the last day by -79 thousand shares and in total, 3 million shares were bought and sold for approximately 6.22€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 2.08€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.68% during the next 3 months and, with a 90% probability hold a price between 1.98€ and 2.35€ at the end of this 3-month period.
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AT1.DE Signals & Forecast
Mostly positive signals in the chart today. The Aroundtown 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 2.03€ and 1.87€. 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 21.90%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Aroundtown SA stock
Aroundtown SA finds support from accumulated volume at 1.98€ 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 0.0580€ between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: 2.02€ (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (AT1.DE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Aroundtown SA to open at 2.07€, and during the day (based on 14 day Average True Range), to move between 1.98€ and 2.18€, which gives a possible trading interval of +/-0.103€ (+/-4.97%) up or down from last closing price. If Aroundtown SA takes out the full calculated possible swing range there will be an estimated 9.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 1.98€, some 0.0985€ (4.74%) from the current price of 2.08€, our system finds the risk reward attractive.
Is Aroundtown SA stock A Buy?
Aroundtown 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 Buy to a Strong Buy candidate.
Current score: 6.341 Strong Buy Candidate Upgraded
Predicted Opening Price for Aroundtown SA of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 2.07€ ( 0.641%) | 2.08€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AT1.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.12 | 2.15 % | |
| R2 | 2.10 | 1.08 % | ||
| R1 | 2.09 | 0.424 % | ||
| Current price: | 2.08 | |||
| Support | S1 | 2.04 | -1.71 % | |
| S2 | 2.03 | -2.37 % | ||
| S3 | 2.01 | -3.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2.08 | |||
| Support | S1 | 1.98 | -4.74% | |
| S2 | 1.70 | -18.09% | ||
| S3 | 1.63 | -21.65% |
AT1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | 0.230€ | 7.44% |
| 2 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | 0.220€ | 3.39% |
| 3 | Dec 16, 2020 | Dec 16, 2020 | Dec 16, 2020 | 0.0210€ | 0.350% |
| 4 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | 0.254€ | 3.52% |
| 5 | Jun 28, 2018 | Jun 28, 2018 | Jun 28, 2018 | 0.234€ | 3.40% |
FAQ
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