Alten SA Stock Forecast
Alten SA stock price fell more than -11.40% Friday closing at 114.20€
(Updated on Apr 26, 2024)
The Alten SA stock price fell by -11.40% on the last day (Friday, 26th Apr 2024) from 128.90€ to 114.20€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 8.06% from a day low at 114.20€ to a day high of 123.40€. The price has fallen in 6 of the last 10 days and is down by -11.54% for this period. Volume has increased on the last day by 93 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, 124 thousand shares were bought and sold for approximately 14.16€ million.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (120.33€) are considered to be a "second chance" to get out. According to the fan-theory 112.03€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ATE.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Alten 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 127.49€ and 132.50€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -17.84%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Alten SA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 9.20€ between high and low, or 8.06%. For the last week the stock has had daily average volatility of 2.98%.
Alten SA is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATE.PA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Alten SA to open at 117.27€, and during the day (based on 14 day Average True Range), to move between 110.71€ and 117.69€, which gives a possible trading interval of +/-3.49€ (+/-3.05%) up or down from last closing price. If Alten SA takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 134.70€, some 20.50€ (17.95%) from the current price of 114.20€, our system finds the risk reward not very attractive.
Is Alten SA stock A Buy?
Alten SA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.225 Strong Sell Candidate Downgraded
Predicted Opening Price for Alten SA of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
117.27€ ( 2.69%) | 114.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATE.PA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 126.47 | 10.74 % | |
R2 | 122.95 | 7.66 % | ||
R1 | 120.78 | 5.76 % | ||
Current price: | 114.20 | |||
Support | S1 | 113.75 | -0.392 % | |
S2 | 111.58 | -2.29 % | ||
S3 | 108.07 | -5.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 138.90 | 21.63 % | |
R2 | 137.50 | 20.40 % | ||
R1 | 134.70 | 17.95 % | ||
Current price | 114.20 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
ATE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 1.50€ | 1.07% |
2 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | 1.30€ | 1.22% |
3 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 1.00€ | 0.96% |
4 | May 15, 2019 | Jun 20, 2019 | Jun 24, 2019 | 1.00€ | 0.98% |
5 | Apr 26, 2018 | Jun 25, 2018 | Jun 27, 2018 | 1.00€ | 1.14% |
FAQ
Click here for our free guide on how to buy Alten SA Stock.