Accor S.A. ADR Forecast and Stock Analysis
Technical ACCYY stock analysis for March 21, 2019.
Accor S.A. ADR gained 0.53% in the last trading day, rising from $8.54 to $8.58 The price has risen in 7 of the last 10 days and is up by 7.12% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 13 831 more shares were traded than the day before. In total, 27 233 shares bought and sold for approximately $233 659.00.
Close price at the end of the last trading day (Thursday, 21st Mar 2019) of the ACCYY stock was $8.58. This is 0.53% more than the trading day before Wednesday, 20th Mar 2019.
During day the stock fluctuated 2.49% from a day low at $8.44 to a day high of $8.65.
30 day high of the ACCYY stock price was $9.16 and low was $7.94.
90 day high was $9.16 and low was $7.87.
52 week high for the Accor S.A. ADR - $11.45 and low - $7.87.
Given the current horizontal trend you can expect Accor S.A. ADR with 90% probability to be traded between $7.92 and $8.96 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Accor S.A. ADR holds buy signals from both short- and long-term moving averages, 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 $8.51 and $8.55. A break down below any of these levels will issue sell signals. Accor S.A. ADR has rising 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday March 15, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Accor S.A. ADR finds support from accumulated volume at $8.41.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.21 (2.49%) between high and low. For the last week, the stock has had a daily average volatility of 2.57%.
Our recommended stoploss: $8.21 (-4.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)
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Accor S.A. ADR holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.