Séché Environnement Sa Stock Forecast
Stronger technical forecast for Séché Environnement Sa stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Séché Environnement Sa stock price gained 2.29% on the last trading day (Tuesday, 25th Jun 2024), rising from 96.10€ to 98.30€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.72% from a day low at 95.70€ to a day high of 98.30€. The price has risen in 6 of the last 10 days but is still down by -1.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately 3.85€ million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 101.17€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.09% during the next 3 months and, with a 90% probability hold a price between 72.72€ and 85.90€ 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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0OG6.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 12.34%. Further rise is indicated until a new top pivot has been found. 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 Séché Environnement Sa stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 100.96€. On a fall, the stock will find some support from the short-term average at 94.23€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Séché Environnement Sa stock
Séché Environnement Sa finds support from accumulated volume at 95.80€ 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 2.60€ between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: 94.15€ (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (0OG6.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Séché Environnement Sa to open at 97.43€, and during the day (based on 14 day Average True Range), to move between 96.04€ and 100.56€, which gives a possible trading interval of +/-2.26€ (+/-2.30%) up or down from last closing price. If Séché Environnement Sa takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 95.80€ (2.54%) than the resistance at 109.60€ (11.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Séché Environnement Sa stock A Buy?
Séché Environnement 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: -0.271 Hold/Accumulate Upgraded
Predicted Opening Price for Séché Environnement Sa of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 97.43€ ( 0.88%) | 98.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0OG6.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.03 | 1.76% |
| R2 | 99.04 | 0.753% |
| R1 | 98.43 | 0.129% |
| Price | 98.30 | |
| S1 | 96.44 | -1.89% |
| S2 | 95.83 | -2.52% |
| S3 | 94.83 | -3.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 114.40 | 16.38% |
| R2 | 110.97 | 12.89% |
| R1 | 109.60 | 11.50% |
| Price | 98.30 | |
| S1 | 95.80 | -2.54% |
| S2 | 91.30 | -7.12% |
| S3 | 87.50 | -10.99% |
0OG6 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Jul 10, 2024 | 1.20€ | 1.26% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | 1.10€ | 0.94% |
| 3 | Jul 03, 2017 | Jul 03, 2017 | Jul 03, 2017 | 0.95€ | 2.79% |
| 4 | Jun 13, 2016 | Jun 13, 2016 | Jun 13, 2016 | 0.95€ | 2.98% |
| 5 | Jun 09, 2015 | Jun 09, 2015 | Jun 09, 2015 | 0.95€ | 2.86% |
FAQ
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