Accor S.A. ADR 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
Accor S.A. ADR stock price up 1.08% on Thursday
(Updated on Apr 18, 2024)
The Accor S.A. ADR stock price gained 1.08% on the last trading day (Thursday, 18th Apr 2024), rising from $8.36 to $8.45. During the last trading day the stock fluctuated 0.759% from a day low at $8.44 to a day high of $8.50. The price has fallen in 8 of the last 10 days and is down by -7.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $96.09 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.38 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 16.25% during the next 3 months and, with a 90% probability hold a price between $9.75 and $11.29 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.
ACCYY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.32%. Further rise is indicated until a new top pivot has been found. Accor S.A. ADR 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. The Accor S.A. ADR 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 $8.54 and $8.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Accor S.A. ADR stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.03 and $7.99. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Accor S.A. ADR finds support just below today's level at $8.03. If this is broken, then the next support from accumulated volume will be at $7.99 and $7.87.
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 $0.0640 between high and low, or 0.759%. For the last week, the stock has had daily average volatility of 1.37%.
Accor S.A. ADR is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $7.92 (-6.22%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 15 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (ACCYY) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Accor S.A. ADR to open at $8.46, and during the day (based on 14 day Average True Range), to move between $8.32 and $8.58, which gives a possible trading interval of +/-$0.134 (+/-1.58%) up or down from last closing price. If Accor S.A. ADR takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.80 (4.14%) than the support at $8.03 (5.03%), 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 Accor S.A. ADR stock A Buy?
Accor S.A. ADR holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.311 Hold/Accumulate Unchanged
Predicted Opening Price for Accor S.A. ADR of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $8.46 ( 0.142%) | $8.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACCYY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.53 | 0.90 % | |
| R2 | 8.50 | 0.610 % | ||
| R1 | 8.49 | 0.431 % | ||
| Current price: | 8.45 | |||
| Support | S1 | 8.44 | -0.147 % | |
| S2 | 8.42 | -0.326 % | ||
| S3 | 8.40 | -0.615 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.36 | 10.77 % | |
| R2 | 9.17 | 8.52 % | ||
| R1 | 8.80 | 4.14 % | ||
| Current price | 8.45 | |||
| Support | S1 | 8.03 | -5.03% | |
| S2 | 7.99 | -5.44% | ||
| S3 | 7.87 | -6.86% |
ACCYY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2023 | May 23, 2023 | Aug 07, 2023 | $0.232 | 3.18% |
| 2 | May 08, 2019 | May 08, 2019 | May 29, 2019 | $0.234 | 3.19% |
| 3 | May 09, 2018 | May 09, 2018 | May 09, 2018 | $0.254 | 2.28% |
| 4 | May 09, 2017 | May 09, 2017 | May 09, 2017 | $0.228 | 2.56% |
| 5 | Apr 26, 2016 | Apr 26, 2016 | Apr 26, 2016 | $0.113 | 1.25% |
FAQ
Click here for our free guide on how to buy Accor S.A. ADR Stock.
