Piscines Desjoyaux SA Stock Forecast

Piscines Desjoyaux SA stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 31, 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. 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 13.90€ and 13.83€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -2.45%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 24, 2024 in the short-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 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 0.0500€ between high and low, or 0.358%. For the last week the stock has had daily average volatility of 1.37%.

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

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

For the upcoming trading day on Monday, 3rd we expect Piscines Desjoyaux SA to open at 13.97€, and during the day (based on 14 day Average True Range), to move between 13.71€ and 14.19€, which gives a possible trading interval of +/-0.243€ (+/-1.74%) up or down from last closing price. If Piscines Desjoyaux SA takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 14.00€ (0.36%) than the support at 13.40€ (3.94%), 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 Piscines Desjoyaux SA stock A Buy?

Piscines Desjoyaux SA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.154 Sell Candidate Downgraded

Predicted Opening Price for Piscines Desjoyaux SA of Monday, June 3, 2024

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