Aubay Société Anonyme Stock Forecast

Red day on Friday for Aubay Société Anonyme
(Updated on Jun 14, 2024)

AUB.PA Signals & Forecast

There are few to no technical positive signals at the moment. The Aubay Société Anonyme 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 43.28€ and 43.70€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -14.00%. 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). Aubay Société Anonyme 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".

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

Aubay Société Anonyme finds support from accumulated volume at 39.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 2.30€ (5.75%) between high and low. For the last week, the stock has had daily average volatility of 3.04%.

Aubay Société Anonyme is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (AUB.PA) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Aubay Société Anonyme to open at 40.85€, and during the day (based on 14 day Average True Range), to move between 39.28€ and 41.22€, which gives a possible trading interval of +/-0.97€ (+/-2.42%) up or down from last closing price. If Aubay Société Anonyme takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 40.35€ (0.25%) than the support at 39.80€ (1.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Aubay Société Anonyme stock A Buy?

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

Current score: -2.535 Sell Candidate Unchanged

Predicted Opening Price for Aubay Société Anonyme of Monday, June 17, 2024

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