Encres Dubuit Stock Forecast

Encres Dubuit stock price down 0% on Friday
(Updated on May 31, 2024)

ALDUB.PA Signals & Forecast

There are mixed signals in the stock today. The Encres Dubuit 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 2.73€ and 2.90€. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Encres Dubuit stock

Encres Dubuit finds support from accumulated volume at 2.68€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0200€ between high and low, or 0.741%. For the last week the stock has had daily average volatility of 0.443%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ALDUB.PA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Encres Dubuit to open at 2.71€, and during the day (based on 14 day Average True Range), to move between 2.66€ and 2.78€, which gives a possible trading interval of +/-0.0625€ (+/-2.30%) up or down from last closing price. If Encres Dubuit takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 2.68€ (1.47%) than the resistance at 2.98€ (9.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Encres Dubuit stock A Buy?

Encres Dubuit holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.373 Sell Candidate Unchanged

Predicted Opening Price for Encres Dubuit of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.