ATENOR S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for ATENOR S.A. stock price after Friday trading.
(Updated on May 17, 2024)
The ATENOR S.A. stock price fell by -2.15% on the last day (Friday, 17th May 2024) from 6.05€ to 5.92€. During the last trading day the stock fluctuated 2.71% from a day low at 5.90€ to a day high of 6.06€. The price has risen in 6 of the last 10 days and is up by 0.34% over the past 2 weeks. Volume has increased on the last day by 6 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, 6 thousand shares were bought and sold for approximately 35.63€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.44% during the next 3 months and, with a 90% probability hold a price between 5.23€ and 6.38€ at the end of this 3-month period.
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ATEB.BB Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 0.85%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ATENOR S.A. 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 6.02€ and 6.19€. A break-up above any of these levels will issue buy signals. ATENOR S.A. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ATENOR S.A. stock
ATENOR S.A. finds support from accumulated volume at 5.88€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.160€ between high and low, or 2.71%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: 5.62€ (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (ATEB.BB) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ATENOR S.A. to open at 5.96€, and during the day (based on 14 day Average True Range), to move between 5.78€ and 6.06€, which gives a possible trading interval of +/-0.140€ (+/-2.37%) up or down from last closing price. If ATENOR S.A. takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.88€ (0.68%) than the resistance at 6.05€ (2.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
ATENOR S.A. will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for ATENOR S.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.14% in the first trading day after earnings release.
Is ATENOR S.A. stock A Buy?
ATENOR S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ATENOR S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 5.96€ ( 0.676%) | 5.92€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATEB.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.12 | 3.38 % | |
| R2 | 6.06 | 2.35 % | ||
| R1 | 6.02 | 1.71 % | ||
| Current price: | 5.92 | |||
| Support | S1 | 5.90 | -0.357 % | |
| S2 | 5.86 | -0.99 % | ||
| S3 | 5.80 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.28 | 6.08 % | |
| R2 | 6.06 | 2.36 % | ||
| R1 | 6.05 | 2.20 % | ||
| Current price | 5.92 | |||
| Support | S1 | 5.88 | -0.676% | |
| S2 | 5.80 | -2.03% | ||
| S3 | 5.60 | -5.41% |
ATEB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2023 | May 03, 2023 | May 03, 2023 | 2.67€ | 0% |
| 2 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | 2.54€ | 0% |
| 3 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | 2.42€ | 0% |
| 4 | Apr 22, 2020 | Apr 27, 2020 | Apr 29, 2020 | 2.22€ | 0% |
| 5 | Apr 09, 2019 | Apr 29, 2019 | May 02, 2019 | 2.11€ | 0% |
FAQ
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