Arkema S.A. (ADR) Stock Forecast
Stronger technical forecast for Arkema S.A. (ADR) stock price after Monday trading.
(Updated on Apr 15, 2024)
The Arkema S.A. (ADR) stock price gained 0.0775% on the last trading day (Monday, 15th Apr 2024), rising from $103.22 to $103.30. During the last trading day the stock fluctuated 1.33% from a day low at $103.29 to a day high of $104.66. The price has been going up and down for this period, and there has been a -1.55% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $244.41 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.10% during the next 3 months and, with a 90% probability hold a price between $92.47 and $104.95 at the end of this 3-month period.
ARKAY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Arkema 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. 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. The Arkema S.A. (ADR) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $105.23 and $103.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.13%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Arkema S.A. (ADR) stock
Arkema S.A. (ADR) finds support from accumulated volume at $100.50 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 $1.37 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 0.524%.
Our recommended stop-loss: $97.71 (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (ARKAY) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Arkema S.A. (ADR) to open at $103.75, and during the day (based on 14 day Average True Range), to move between $101.84 and $104.76, which gives a possible trading interval of +/-$1.46 (+/-1.41%) up or down from last closing price. If Arkema S.A. (ADR) takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $100.50 (2.71%) than the resistance at $106.35 (2.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arkema S.A. (ADR) stock A Buy?
Arkema 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Arkema S.A. (ADR) of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $103.75 ( 0.435%) | $103.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.12 | 1.76 % | |
| R2 | 104.60 | 1.25 % | ||
| R1 | 104.27 | 0.94 % | ||
| Current price: | 103.30 | |||
| Support | S1 | 103.23 | -0.0709 % | |
| S2 | 102.90 | -0.384 % | ||
| S3 | 102.38 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.04 | 6.52 % | |
| R2 | 109.92 | 6.41 % | ||
| R1 | 106.35 | 2.95 % | ||
| Current price | 103.30 | |||
| Support | S1 | 100.50 | -2.71% | |
| S2 | 100.17 | -3.03% | ||
| S3 | 98.91 | -4.25% |
ARKAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2023 | May 11, 2023 | Jun 01, 2023 | $3.60 | 4.07% |
| 2 | May 14, 2022 | May 19, 2022 | Jun 09, 2022 | $3.17 | 2.63% |
| 3 | May 04, 2021 | May 24, 2021 | Jun 14, 2021 | $3.00 | 2.27% |
| 4 | May 21, 2020 | May 21, 2020 | Jun 11, 2020 | $2.37 | 2.67% |
| 5 | May 08, 2019 | May 23, 2019 | Jun 13, 2019 | $2.80 | 3.24% |
FAQ
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