Société BIC SA Stock Forecast
Red day on Friday for Société BIC SA stock after losing 0.362%
(Updated on Jun 28, 2024)
The Société BIC SA stock price fell by -0.362% on the last day (Friday, 28th Jun 2024) from 55.20€ to 55.00€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.09% from a day low at 55.00€ to a day high of 55.60€. The price has fallen in 7 of the last 10 days and is down by -13.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 35 thousand shares were bought and sold for approximately 1.90€ million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 54.74€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.04% during the next 3 months and, with a 90% probability hold a price between 51.98€ and 66.08€ at the end of this 3-month period.
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BB.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Société BIC 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 55.90€ and 64.73€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -22.10%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Société BIC SA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.600€ between high and low, or 1.09%. For the last week, the stock has had daily average volatility of 2.16%.
Société BIC SA is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BB.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Société BIC SA to open at 55.20€, and during the day (based on 14 day Average True Range), to move between 53.19€ and 56.81€, which gives a possible trading interval of +/-1.81€ (+/-3.30%) up or down from last closing price. If Société BIC SA takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 55.10€, some 0.100€ (0.18%) from the current price of 55.00€, our system finds the risk reward not very attractive.
Is Société BIC SA stock A Buy?
Société BIC SA holds several negative signals and is within a very 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: -4.469 Sell Candidate Unchanged
Predicted Opening Price for Société BIC SA of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 55.20€ ( 0.364%) | 55.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BB.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.80 | 1.45% |
| R2 | 55.57 | 1.04% |
| R1 | 55.43 | 0.780% |
| Price | 55.00 | |
| S1 | 54.97 | -0.0531% |
| S2 | 54.83 | -0.311% |
| S3 | 54.60 | -0.727% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.10 | 16.55% |
| R2 | 55.90 | 1.64% |
| R1 | 55.10 | 0.182% |
| Price | 55.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
BB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2024 | Sep 16, 2024 | Sep 18, 2024 | 1.42€ | 2.57% |
| 2 | Jun 10, 2024 | Jun 10, 2024 | Jun 12, 2024 | 2.85€ | 4.32% |
| 3 | May 29, 2023 | May 29, 2023 | May 29, 2023 | 2.56€ | 4.58% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 2.15€ | 4.00% |
| 5 | May 31, 2021 | May 31, 2021 | May 31, 2021 | 1.80€ | 2.98% |
FAQ
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