Infotel SA Stock Forecast
Red day on Friday for Infotel SA stock after losing 2.87%
(Updated on May 17, 2024)
The Infotel SA stock price fell by -2.87% on the last day (Friday, 17th May 2024) from 48.80€ to 47.40€. During the last trading day the stock fluctuated 3.16% from a day low at 47.40€ to a day high of 48.90€. The price has fallen in 5 of the last 10 days and is down by -2.07% for this period. Volume has increased on the last day by 2 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, 3 thousand shares were bought and sold for approximately 122.48€ thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 47.11€ 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 7.87% during the next 3 months and, with a 90% probability hold a price between 50.82€ and 56.35€ at the end of this 3-month period.
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INF.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Infotel SA 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 48.04€ and 48.97€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -6.69%. 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). Infotel SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Infotel SA stock
Infotel SA finds support from accumulated volume at 47.00€ 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 1.50€ (3.16%) between high and low. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INF.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Infotel SA to open at 47.90€, and during the day (based on 14 day Average True Range), to move between 46.67€ and 48.13€, which gives a possible trading interval of +/-0.727€ (+/-1.53%) up or down from last closing price. If Infotel SA takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 47.70€ (0.63%) than the support at 47.00€ (0.84%), 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.
Earnings coming up
Infotel SA will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for Infotel SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.47% in the first trading day after earnings release.
Is Infotel SA stock A Buy?
The Infotel SA stock holds several negative signals and despite the positive trend, we believe Infotel SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.024 Sell Candidate Unchanged
Predicted Opening Price for Infotel SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 47.90€ ( 1.05%) | 47.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.40 | 4.22 % | |
| R2 | 48.83 | 3.01 % | ||
| R1 | 48.47 | 2.26 % | ||
| Current price: | 47.40 | |||
| Support | S1 | 47.33 | -0.154 % | |
| S2 | 46.97 | -0.90 % | ||
| S3 | 46.40 | -2.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.60 | 2.53 % | |
| R2 | 48.00 | 1.27 % | ||
| R1 | 47.70 | 0.633 % | ||
| Current price | 47.40 | |||
| Support | S1 | 47.00 | -0.84% | |
| S2 | 45.80 | -3.38% | ||
| S3 | 44.00 | -7.17% |
INF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 31, 2024 | 2.00€ | 4.22% |
| 2 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 2.00€ | 3.48% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | 1.60€ | 3.08% |
| 4 | May 24, 2021 | May 24, 2021 | May 24, 2021 | 1.60€ | 3.34% |
| 5 | Apr 13, 2020 | May 26, 2020 | May 28, 2020 | 1.05€ | 3.02% |
FAQ
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