Atlantica Yield plc Stock Forecast
Green day on Monday for Atlantica Yield plc stock after gaining 0.137%
(Updated on Jun 17, 2024)
The Atlantica Yield plc stock price gained 0.137% on the last trading day (Monday, 17th Jun 2024), rising from $21.93 to $21.96. During the last trading day the stock fluctuated 0.684% from a day low at $21.82 to a day high of $21.97. The price has been going up and down for this period, and there has been a -0.09% loss for the last 2 weeks. Volume fell on the last day by -200 thousand shares and in total, 1 million shares were bought and sold for approximately $23.24 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.25 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 31.85% during the next 3 months and, with a 90% probability hold a price between $28.01 and $32.76 at the end of this 3-month period.
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AY Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Atlantica Yield plc 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 $21.99 and $22.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -6.23%. 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).
Support, Risk & Stop-loss for Atlantica Yield plc stock
Atlantica Yield plc finds support from accumulated volume at $21.42 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 $0.149 (0.684%) between high and low. For the last week, the stock has had daily average volatility of 0.540%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AY) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Atlantica Yield plc to open at $21.92, and during the day (based on 14 day Average True Range), to move between $21.57 and $22.35, which gives a possible trading interval of +/-$0.394 (+/-1.79%) up or down from last closing price. If Atlantica Yield plc takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.98 (0.09%) than the support at $21.42 (2.46%), 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 Atlantica Yield plc stock A Buy?
The Atlantica Yield plc stock holds several negative signals and despite the positive trend, we believe Atlantica Yield plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.162 Sell Candidate Unchanged
Predicted Opening Price for Atlantica Yield plc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $21.92 ( 0.196%) | $21.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.07 | 0.483% |
| R2 | 22.01 | 0.224% |
| R1 | 21.97 | 0.0634% |
| Price | 21.96 | |
| S1 | 21.86 | -0.456% |
| S2 | 21.82 | -0.616% |
| S3 | 21.77 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.21 | 1.14% |
| R2 | 22.00 | 0.182% |
| R1 | 21.98 | 0.0911% |
| Price | 21.96 | |
| S1 | 21.42 | -2.46% |
| S2 | 21.41 | -2.50% |
| S3 | 19.91 | -9.34% |
AY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 31, 2024 | Jun 14, 2024 | $0.450 | 2.05% |
| 2 | Mar 01, 2024 | Mar 11, 2024 | Mar 22, 2024 | $0.445 | 2.45% |
| 3 | Nov 07, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.445 | 2.10% |
| 4 | Jul 31, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.445 | 1.94% |
| 5 | May 04, 2023 | May 30, 2023 | Jun 15, 2023 | $0.445 | 1.85% |
FAQ
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