Criteo S.A. Stock Forecast
Criteo S.A. stock price up 0.91% on Thursday
(Updated on Apr 18, 2024)
The Criteo S.A. stock price gained 0.91% on the last trading day (Thursday, 18th Apr 2024), rising from $34.05 to $34.36. During the last trading day the stock fluctuated 5.41% from a day low at $33.83 to a day high of $35.66. The price has been going up and down for this period, and there has been a -1.6% 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, 78 thousand more shares were traded than the day before. In total, 386 thousand shares were bought and sold for approximately $13.28 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $33.98 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 38.51% during the next 3 months and, with a 90% probability hold a price between $47.07 and $51.72 at the end of this 3-month period.
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CRTO Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Criteo S.A. 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 $34.41 and $34.50. 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 -3.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Criteo S.A. stock
Criteo S.A. finds support from accumulated volume at $32.95 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 $1.83 between high and low, or 5.41%. For the last week the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRTO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Criteo S.A. to open at $34.62, and during the day (based on 14 day Average True Range), to move between $33.44 and $35.28, which gives a possible trading interval of +/-$0.92 (+/-2.66%) up or down from last closing price. If Criteo S.A. takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.07 (2.07%) than the support at $32.95 (4.10%), 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 Criteo S.A. stock A Buy?
The Criteo S.A. stock holds several negative signals and despite the positive trend, we believe Criteo S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.876 Sell Candidate Unchanged
Predicted Opening Price for Criteo S.A. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $34.62 ( 0.747%) | $34.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRTO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.45 | 6.07 % | |
| R2 | 35.75 | 4.04 % | ||
| R1 | 35.32 | 2.78 % | ||
| Current price: | 34.36 | |||
| Support | S1 | 33.92 | -1.29 % | |
| S2 | 33.49 | -2.54 % | ||
| S3 | 32.79 | -4.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.19 | 2.42 % | |
| R2 | 35.12 | 2.21 % | ||
| R1 | 35.07 | 2.07 % | ||
| Current price | 34.36 | |||
| Support | S1 | 32.95 | -4.10% | |
| S2 | 32.33 | -5.91% | ||
| S3 | 30.83 | -10.27% |
FAQ
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