CNP Assurances Stock Forecast
CNP Assurances stock upgraded to Buy Candidate.
(Updated on Aug 08, 2019)
No changes to the price of CNP Assurances stock on the last trading day (Thursday, 8th Aug 2019). During the last trading day the stock fluctuated 0% from a day low at £20.37 to a day high of £20.37. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.84% during the next 3 months and, with a 90% probability hold a price between £20.51 and £22.31 at the end of this 3-month period.
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0E0D.L Signals & Forecast
The CNP Assurances stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £20.37 and £20.28. A breakdown below any of these levels will issue sell signals. 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 Wednesday, August 07, 2019, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, August 27, 2018 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for CNP Assurances stock
CNP Assurances finds support from accumulated volume at £19.99 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: £19.56 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0E0D.L) For The Upcoming Trading Day Of Friday 9th
For the upcoming trading day on Friday, 9th we expect CNP Assurances to open at £20.37, and during the day (based on 14 day Average True Range), to move between £20.30 and £20.44, which gives a possible trading interval of +/-£0.0669 (+/-0.33%) up or down from last closing price. If CNP Assurances takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £20.43 (0.29%) than the support at £19.99 (1.87%), 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 CNP Assurances stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CNP Assurances stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.199 Buy Candidate Upgraded
Predicted Opening Price for CNP Assurances of Friday, August 9, 2019
Fair opening price August 9, 2019 | Current price |
---|---|
£20.37 ( 0%) | £20.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0E0D.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.37 | . | |
R2 | 20.37 | . | ||
R1 | 20.37 | . | ||
Current price: | 20.37 | |||
Support | S1 | 20.37 | . | |
S2 | 20.37 | . | ||
S3 | 20.37 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 20.75 | 1.87 % | ||
R1 | 20.43 | 0.295 % | ||
Current price | 20.37 | |||
Support | S1 | 19.99 | -1.87% | |
S2 | 19.92 | -2.23% | ||
S3 | 19.16 | -5.96% |
FAQ
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