Grupo Aval Acciones y Valores SA Stock Forecast
Stronger technical forecast for Grupo Aval Acciones y Valores SA stock price after Friday trading.
(Updated on Apr 19, 2024)
The Grupo Aval Acciones y Valores SA stock price gained 1.28% on the last trading day (Friday, 19th Apr 2024), rising from $2.35 to $2.38. During the last trading day the stock fluctuated 4.76% from a day low at $2.31 to a day high of $2.42. The price has been going up and down for this period, and there has been a -0.42% 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, 99 thousand more shares were traded than the day before. In total, 135 thousand shares were bought and sold for approximately $320.13 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 -10.56% during the next 3 months and, with a 90% probability hold a price between $1.82 and $2.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AVAL Signals & Forecast
The Grupo Aval Acciones y Valores SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.41. On a fall, the stock will find some support from the long-term average at approximately $2.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Grupo Aval Acciones y Valores SA 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.93%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Grupo Aval Acciones y Valores SA stock
Grupo Aval Acciones y Valores SA finds support from accumulated volume at $2.28 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 $0.110 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 3.50%.
Our recommended stop-loss: $2.25 (-5.28%) (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 (AVAL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Grupo Aval Acciones y Valores SA to open at $2.37, and during the day (based on 14 day Average True Range), to move between $2.30 and $2.46, which gives a possible trading interval of +/-$0.0843 (+/-3.54%) up or down from last closing price. If Grupo Aval Acciones y Valores SA takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.28 (4.20%) than the resistance at $2.53 (6.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grupo Aval Acciones y Valores SA stock A Buy?
Grupo Aval Acciones y Valores SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.748 Hold/Accumulate Upgraded
Predicted Opening Price for Grupo Aval Acciones y Valores SA of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$2.37 ( 0.420%) | $2.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVAL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.48 | 4.20 % | |
R2 | 2.44 | 2.44 % | ||
R1 | 2.41 | 1.35 % | ||
Current price: | 2.38 | |||
Support | S1 | 2.33 | -2.19 % | |
S2 | 2.30 | -3.28 % | ||
S3 | 2.26 | -5.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.58 | 8.40 % | |
R2 | 2.54 | 6.72 % | ||
R1 | 2.53 | 6.30 % | ||
Current price | 2.38 | |||
Support | S1 | 2.28 | -4.20% | |
S2 | 2.24 | -5.88% | ||
S3 | 2.15 | -9.66% |
AVAL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2024 | Sep 27, 2024 | Oct 09, 2024 | $0.0084 | 0.353% |
2 | Aug 29, 2024 | Aug 29, 2024 | Sep 09, 2024 | $0.0084 | 0.353% |
3 | Jul 30, 2024 | Jul 30, 2024 | Aug 09, 2024 | $0.0084 | 0.353% |
4 | Jul 01, 2024 | Jul 01, 2024 | Jul 10, 2024 | $0.0085 | 0.355% |
5 | Apr 04, 2024 | Jun 03, 2024 | Jun 11, 2024 | $0.0085 | 0.355% |
FAQ
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