Alten SA Stock Forecast

Alten SA stock upgraded to Hold/Accumulate.
(Updated on May 09, 2024)

ATE.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 9.35%. 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 Alten SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 127.91€. On a fall, the stock will find some support from the short-term average at 116.46€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Alten SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 114.20€ and 112.20€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Alten SA finds support just below today's level at 114.20€. If this is broken, then the next support from accumulated volume will be at 112.20€ and 110.70€.

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 2.60€ between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 2.35%.

Our recommended stop-loss: 115.39€ (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (ATE.PA) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Alten SA to open at 120.77€, and during the day (based on 14 day Average True Range), to move between 117.23€ and 123.77€, which gives a possible trading interval of +/-3.27€ (+/-2.72%) up or down from last closing price. If Alten SA takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 114.20€ (5.23%) than the resistance at 134.70€ (11.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alten SA stock A Buy?

Alten SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.997 Hold/Accumulate Upgraded

Predicted Opening Price for Alten SA of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.