Bastide Le Confort Médical SA Stock Forecast

Bastide Le Confort Médical SA stock price ended at 21.60€ on Friday, after losing 3.14%.
(Updated on May 31, 2024)

BLC.PA Signals & Forecast

The Bastide Le Confort Médical SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 22.73€. On a fall, the stock will find some support from the long-term average at approximately 19.30€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, May 24, 2024, and so far it has fallen -9.05%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bastide Le Confort Médical SA stock

Bastide Le Confort Médical SA finds support from accumulated volume at 21.25€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.95€ between high and low, or 4.42%. For the last week the stock has had daily average volatility of 3.83%.

Our recommended stop-loss: 20.35€ (-5.78%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 43 days ago.)

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

For the upcoming trading day on Monday, 3rd we expect Bastide Le Confort Médical SA to open at 21.85€, and during the day (based on 14 day Average True Range), to move between 20.83€ and 22.37€, which gives a possible trading interval of +/-0.769€ (+/-3.56%) up or down from last closing price. If Bastide Le Confort Médical SA takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 21.25€ (1.62%) than the resistance at 22.90€ (6.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bastide Le Confort Médical SA stock A Buy?

Bastide Le Confort Médical SA 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: 0.648 Hold/Accumulate Unchanged

Predicted Opening Price for Bastide Le Confort Médical SA of Monday, June 3, 2024

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