Piscines Desjoyaux SA Stock Forecast

Piscines Desjoyaux SA stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)

ALPDX.PA Signals & Forecast

The Piscines Desjoyaux SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 13.66€ and 13.68€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 6.61%. Further rise is indicated until a new top pivot has been found. Piscines Desjoyaux SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Piscines Desjoyaux SA stock

Piscines Desjoyaux SA finds support from accumulated volume at 13.40€ 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 0.300€ between high and low, or 2.24%. For the last week the stock has had daily average volatility of 1.48%.

Our recommended stop-loss: 13.13€ (-4.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (ALPDX.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Piscines Desjoyaux SA to open at 13.60€, and during the day (based on 14 day Average True Range), to move between 13.38€ and 14.02€, which gives a possible trading interval of +/-0.318€ (+/-2.32%) up or down from last closing price. If Piscines Desjoyaux SA takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 13.40€ (2.19%) than the resistance at 14.05€ (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Piscines Desjoyaux SA stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.143 Buy Candidate Upgraded

Predicted Opening Price for Piscines Desjoyaux SA of Monday, May 20, 2024

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