Atrem S.A. Stock Forecast

Red day on Tuesday for Atrem S.A.
(Updated on Jun 25, 2024)

ATR.WA Signals & Forecast

There are few to no technical positive signals at the moment. The Atrem 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 12.51zł and 13.04zł. 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 21, 2024, and so far it has fallen -10.43%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Atrem S.A. stock

Atrem S.A. finds support from accumulated volume at 12.40zł 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.250zł between high and low, or 2.05%. For the last week the stock has had daily average volatility of 4.45%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ATR.WA) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Atrem S.A. to open at 12.37zł, and during the day (based on 14 day Average True Range), to move between 11.87zł and 13.03zł, which gives a possible trading interval of +/-0.582zł (+/-4.67%) up or down from last closing price. If Atrem S.A. takes out the full calculated possible swing range there will be an estimated 9.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 12.40zł (0.40%) than the resistance at 12.95zł (4.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atrem S.A. stock A Buy?

The Atrem S.A. stock holds several negative signals and despite the positive trend, we believe Atrem S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.464 Sell Candidate Unchanged

Predicted Opening Price for Atrem S.A. of Wednesday, June 26, 2024

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