Aubay Société Anonyme Stock Forecast

Stronger technical forecast for Aubay Société Anonyme stock price after Wednesday trading.
(Updated on May 22, 2024)

AUB.PA Signals & Forecast

Mostly positive signals in the chart today. The Aubay Société Anonyme 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 45.46€ and 41.21€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 23.16%. 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). Aubay Société Anonyme has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Thursday, April 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Aubay Société Anonyme stock

On the downside, the stock finds support just below today's level from accumulated volume at 40.70€ and 40.35€. 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, Aubay Société Anonyme finds support just below today's level at 40.70€. If this is broken, then the next support from accumulated volume will be at 40.35€ and 39.80€.

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 0.750€ between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 1.54%.

The Aubay Société Anonyme stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 45.29€ (-3.22%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (AUB.PA) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Aubay Société Anonyme to open at 46.55€, and during the day (based on 14 day Average True Range), to move between 45.92€ and 47.68€, which gives a possible trading interval of +/-0.88€ (+/-1.87%) up or down from last closing price. If Aubay Société Anonyme takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 40.70€, some 6.10€ (13.03%) from the current price of 46.80€, our system finds the risk reward attractive.

Is Aubay Société Anonyme stock A Buy?

Aubay Société Anonyme holds several positive signals and is within a weak 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 Hold/Accumulate to a Strong Buy candidate.

Current score: 5.883 Strong Buy Candidate Upgraded

Predicted Opening Price for Aubay Société Anonyme of Thursday, May 23, 2024

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