Atlantica Yield plc Stock Forecast
Evaluation of Atlantica Yield plc stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Atlantica Yield plc stock price gained 1.65% on the last trading day (Thursday, 28th Mar 2024), rising from $18.18 to $18.48. During the last trading day the stock fluctuated 1.87% from a day low at $18.20 to a day high of $18.54. The price has risen in 5 of the last 10 days and is up by 4.7% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 617 thousand shares were bought and sold for approximately $11.39 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.
Given the current short-term trend, the stock is expected to fall -15.67% during the next 3 months and, with a 90% probability hold a price between $14.22 and $15.58 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AY Signals & Forecast
The Atlantica Yield plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.00 and $18.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 7.07%. 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). 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.
Support, Risk & Stop-loss for Atlantica Yield plc stock
Atlantica Yield plc finds support from accumulated volume at $18.44 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 $0.340 (1.87%) between high and low. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: $17.81 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Atlantica Yield plc to open at $18.41, and during the day (based on 14 day Average True Range), to move between $18.03 and $18.93, which gives a possible trading interval of +/-$0.454 (+/-2.46%) up or down from last closing price. If Atlantica Yield plc takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.44 (0.22%) than the resistance at $19.25 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Atlantica Yield plc stock A Buy?
Atlantica Yield plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.845 Hold/Accumulate Downgraded
Predicted Opening Price for Atlantica Yield plc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$18.41 ( 0.397%) | $18.48 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 18.75 | 1.44 % | |
R2 | 18.62 | 0.740 % | ||
R1 | 18.54 | 0.306 % | ||
Current price: | 18.48 | |||
Support | S1 | 18.28 | -1.10 % | |
S2 | 18.20 | -1.53 % | ||
S3 | 18.07 | -2.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.11 | 14.23 % | |
R2 | 19.29 | 4.38 % | ||
R1 | 19.25 | 4.17 % | ||
Current price | 18.48 | |||
Support | S1 | 18.44 | -0.216% | |
S2 | 17.58 | -4.87% | ||
S3 | 17.28 | -6.49% |
AY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 11, 2024 | Mar 22, 2024 | $0.445 | 2.45% |
2 | Nov 07, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.445 | 2.10% |
3 | Jul 31, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.445 | 1.94% |
4 | May 04, 2023 | May 30, 2023 | Jun 15, 2023 | $0.445 | 1.85% |
5 | Feb 28, 2023 | Mar 13, 2023 | Mar 25, 2023 | $0.445 | 1.62% |
FAQ
Click here for our free guide on how to buy Atlantica Yield plc Stock.