Société Anonyme des Bains de Mer et du Stock Forecast

Red day on Friday for Société Anonyme des Bains de Mer et du stock after losing 0%
(Updated on May 31, 2024)

BAIN.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found. 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. The Société Anonyme des Bains de Mer et du 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 107.04€. On a fall, the stock will find some support from the short-term average at 104.21€. 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). The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, February 16, 2024.

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 Société Anonyme des Bains de Mer et du stock

Société Anonyme des Bains de Mer et du finds support from accumulated volume at 104.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.50€ (1.44%) between high and low. For the last week, the stock has had daily average volatility of 1.84%.

Our recommended stop-loss: 97.96€ (-6.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

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

For the upcoming trading day on Monday, 3rd we expect Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco to open at 105.00€, and during the day (based on 14 day Average True Range), to move between 102.54€ and 106.46€, which gives a possible trading interval of +/-1.96€ (+/-1.88%) up or down from last closing price. If Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 104.00€ (0.48%) than the resistance at 108.00€ (3.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco stock A Buy?

Société Anonyme des Bains de Mer et du 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.

Current score: 0.457 Hold/Accumulate Unchanged

Predicted Opening Price for Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco of Monday, June 3, 2024

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