Atlantica Yield plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Atlantica Yield plc as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Atlantica Yield plc stock price gained 0.150% on the last trading day (Friday, 26th Apr 2024), rising from $19.97 to $20.00. During the last trading day the stock fluctuated 3.54% from a day low at $19.50 to a day high of $20.19. The price has risen in 7 of the last 10 days and is up by 9.71% over the past 2 weeks. Volume fell on the last day by -547 thousand shares and in total, 1 million shares were bought and sold for approximately $21.89 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $20.40 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Atlantica Yield plc stock with a 90% probability to be traded between $16.96 and $20.20 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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. 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 $19.35 and $18.30. 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). 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Atlantica Yield plc stock
Atlantica Yield plc finds support from accumulated volume at $19.91 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.690 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: $19.20 (-4.02%) (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 (AY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Atlantica Yield plc to open at $19.90, and during the day (based on 14 day Average True Range), to move between $19.28 and $20.72, which gives a possible trading interval of +/-$0.720 (+/-3.60%) up or down from last closing price. If Atlantica Yield plc takes out the full calculated possible swing range there will be an estimated 7.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.91 (0.45%) than the resistance at $20.41 (2.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Atlantica Yield plc will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.130. We will update the financials statements for Atlantica Yield plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.09% in the first trading day after earnings release.
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: 0.739 Hold/Accumulate Downgraded
Predicted Opening Price for Atlantica Yield plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $19.90 ( 0.517%) | $20.00 |
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 | 20.59 | 2.93 % | |
| R2 | 20.32 | 1.62 % | ||
| R1 | 20.16 | 0.80 % | ||
| Current price: | 20.00 | |||
| Support | S1 | 19.63 | -1.83 % | |
| S2 | 19.47 | -2.65 % | ||
| S3 | 19.21 | -3.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 20.41 | 2.05 % | ||
| Current price | 20.00 | |||
| Support | S1 | 19.91 | -0.450% | |
| S2 | 18.51 | -7.45% | ||
| S3 | 17.15 | -14.25% |
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
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