Avenir Telecom S.A. Stock Forecast
Avenir Telecom S.A. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Avenir Telecom S.A. stock price fell by -0.145% on the last day (Friday, 17th May 2024) from 0.138€ to 0.138€. During the last trading day the stock fluctuated 7.41% from a day low at 0.135€ to a day high of 0.145€. The price has risen in 5 of the last 10 days and is up by 8.01% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -840 thousand shares and in total, 263 thousand shares were bought and sold for approximately 36.18€ thousand.
The stock lies in the middle of a very 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 -8.37% during the next 3 months and, with a 90% probability hold a price between 0.107€ and 0.134€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AVT.PA Signals & Forecast
The Avenir Telecom S.A. 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 0.134€ and 0.132€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -6.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Avenir Telecom S.A. stock
Avenir Telecom S.A. finds support from accumulated volume at 0.131€ 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 0.0100€ between high and low, or 7.41%. For the last week the stock has had daily average volatility of 6.92%.
Our recommended stop-loss: 0.130€ (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (AVT.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Avenir Telecom S.A. to open at 0.139€, and during the day (based on 14 day Average True Range), to move between 0.131€ and 0.144€, which gives a possible trading interval of +/-0.0065€ (+/-4.69%) up or down from last closing price. If Avenir Telecom S.A. takes out the full calculated possible swing range there will be an estimated 9.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.138€ (0.15%) than the support at 0.131€ (4.80%), 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 Avenir Telecom S.A. stock A Buy?
Avenir Telecom S.A. 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: -0.797 Hold/Accumulate Upgraded
Predicted Opening Price for Avenir Telecom S.A. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
0.139€ ( 1.16%) | 0.138€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVT.PA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.149 | 8.43 % | |
R2 | 0.145 | 5.65 % | ||
R1 | 0.143 | 3.94 % | ||
Current price: | 0.138 | |||
Support | S1 | 0.135 | -1.61 % | |
S2 | 0.133 | -3.33 % | ||
S3 | 0.129 | -6.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.147 | 6.83 % | |
R2 | 0.138 | 0.581 % | ||
R1 | 0.138 | 0.145 % | ||
Current price | 0.138 | |||
Support | S1 | 0.131 | -4.80% | |
S2 | 0.130 | -5.67% | ||
S3 | 0.126 | -8.43% |
AVT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 13, 2011 | Oct 21, 2011 | Oct 26, 2011 | 345.60€ | 8.44% |
2 | Sep 10, 2010 | Oct 21, 2010 | Oct 26, 2010 | 300.80€ | 5.53% |
3 | Jul 29, 2009 | Oct 06, 2009 | Oct 09, 2009 | 422.40€ | 5.20% |
4 | Jul 25, 2008 | Oct 20, 2008 | Oct 23, 2008 | 422.40€ | 8.68% |
5 | Aug 21, 2007 | Oct 26, 2007 | Oct 26, 2007 | 384.00€ | 3.09% |
FAQ
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