Atlantica Yield plc Stock Forecast
Atlantica Yield plc stock price ended at $21.88 on Tuesday, after losing 0.137%.
(Updated on Jul 02, 2024)
The Atlantica Yield plc stock price fell by -0.137% on the last day (Tuesday, 2nd Jul 2024) from $21.91 to $21.88. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.229% from a day low at $21.88 to a day high of $21.93. The price has fallen in 5 of the last 10 days and is down by -0.36% for this period. Volume has increased on the last day by 911 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $35.41 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.31% during the next 3 months and, with a 90% probability hold a price between $25.39 and $30.57 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AY Signals & Forecast
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. 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 $21.95 and $22.23. 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 -6.58%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 0.229%. For the last week the stock has had daily average volatility of 0.406%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Atlantica Yield plc to open at $21.90, and during the day (based on 14 day Average True Range), to move between $21.65 and $22.11, which gives a possible trading interval of +/-$0.232 (+/-1.06%) up or down from last closing price. If Atlantica Yield plc takes out the full calculated possible swing range there will be an estimated 2.12% 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 (0.46%) than the support at $21.42 (2.10%), 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: -4.241 Sell Candidate Unchanged
Predicted Opening Price for Atlantica Yield plc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$21.90 ( 0.0762%) | $21.88 |
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 | 21.95 | 0.305% |
R2 | 21.93 | 0.217% |
R1 | 21.92 | 0.163% |
Price | 21.88 | |
S1 | 21.88 | -0.0111% |
S2 | 21.87 | -0.0651% |
S3 | 21.85 | -0.152% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.21 | 1.51% |
R2 | 22.00 | 0.548% |
R1 | 21.98 | 0.457% |
Price | 21.88 | |
S1 | 21.42 | -2.10% |
S2 | 21.41 | -2.15% |
S3 | 19.91 | -9.00% |
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
Click here for our free guide on how to buy Atlantica Yield plc Stock.