Gévelot SA Stock Forecast
Gévelot SA stock price ended at 228.00€ on Tuesday, after gaining 0.88%.
(Updated on Jun 25, 2024)
The Gévelot SA stock price gained 0.88% on the last trading day (Tuesday, 25th Jun 2024), rising from 226.00€ to 228.00€. During the last trading day the stock fluctuated 0.88% from a day low at 226.00€ to a day high of 228.00€. The price has been going up and down for this period, and there has been a -5.79% loss for the last 2 weeks. Volume fell on the last day by -75 shares and in total, 20 shares were bought and sold for approximately 4.56€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -2.28% during the next 3 months and, with a 90% probability hold a price between 216.30€ and 238.28€ at the end of this 3-month period.
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ALGEV.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Gévelot SA 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 230.29€ and 241.66€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.39%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gévelot SA stock
Gévelot SA finds support from accumulated volume at 226.00€ 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 2.00€ between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALGEV.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Gévelot SA to open at 227.33€, and during the day (based on 14 day Average True Range), to move between 222.84€ and 233.16€, which gives a possible trading interval of +/-5.16€ (+/-2.26%) up or down from last closing price. If Gévelot SA takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 226.00€ (0.88%) than the resistance at 240.00€ (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gévelot SA stock A Buy?
Gévelot SA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.779 Sell Candidate Unchanged
Predicted Opening Price for Gévelot SA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 227.33€ ( 0.292%) | 228.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALGEV.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 229.33 | 0.585% |
| R2 | 228.57 | 0.250% |
| R1 | 228.10 | 0.0427% |
| Price | 228.00 | |
| S1 | 226.57 | -0.627% |
| S2 | 226.10 | -0.83% |
| S3 | 225.33 | -1.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 248.00 | 8.77% |
| R2 | 244.00 | 7.02% |
| R1 | 240.00 | 5.26% |
| Price | 228.00 | |
| S1 | 226.00 | -0.88% |
| S2 | 224.00 | -1.75% |
| S3 | 222.00 | -2.63% |
ALGEV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jun 21, 2024 | 5.00€ | 2.14% |
| 2 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | 4.00€ | 2.16% |
| 3 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | 3.00€ | 1.67% |
| 4 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | 2.00€ | 1.12% |
| 5 | Apr 22, 2020 | Jun 17, 2020 | Jun 19, 2020 | 1.60€ | 1.07% |
FAQ
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