Altamir SCA Stock Forecast
Altamir SCA stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Altamir SCA stock price gained 0.755% on the last trading day (Friday, 17th May 2024), rising from 26.50€ to 26.70€. During the last trading day the stock fluctuated 0.755% from a day low at 26.50€ to a day high of 26.70€. The price has risen in 5 of the last 10 days and is up by 1.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 412 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 26.94€ thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 26.98€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.70% during the next 3 months and, with a 90% probability hold a price between 28.26€ and 29.87€ at the end of this 3-month period.
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LTA.PA Signals & Forecast
The Altamir SCA 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 26.46€ and 25.54€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 1.91%. Further rise is indicated until a new top pivot has been found. Altamir SCA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, March 22, 2024 with a target of 24.93€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Altamir SCA stock
Altamir SCA finds support from accumulated volume at 25.80€ 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 0.200€ between high and low, or 0.755%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: 25.38€ (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (LTA.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Altamir SCA to open at 26.63€, and during the day (based on 14 day Average True Range), to move between 26.32€ and 27.08€, which gives a possible trading interval of +/-0.382€ (+/-1.43%) up or down from last closing price. If Altamir SCA takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 25.80€, some 0.90€ (3.37%) from the current price of 26.70€, our system finds the risk reward attractive.
Is Altamir SCA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Altamir SCA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.000 Strong Buy Candidate Upgraded
Predicted Opening Price for Altamir SCA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 26.63€ ( 0.250%) | 26.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTA.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.83 | 0.499 % | |
| R2 | 26.76 | 0.213 % | ||
| R1 | 26.71 | 0.0365 % | ||
| Current price: | 26.70 | |||
| Support | S1 | 26.56 | -0.536 % | |
| S2 | 26.51 | -0.713 % | ||
| S3 | 26.43 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 26.70 | |||
| Support | S1 | 25.80 | -3.37% | |
| S2 | 24.50 | -8.24% | ||
| S3 | 24.40 | -8.61% |
LTA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 24, 2024 | 1.08€ | 4.08% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 1.08€ | 3.99% |
| 3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | 1.13€ | 4.40% |
| 4 | May 25, 2021 | May 25, 2021 | May 25, 2021 | 1.09€ | 4.61% |
| 5 | Mar 12, 2020 | May 26, 2020 | May 28, 2020 | 0.660€ | 4.34% |
FAQ
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