BNP Paribas SA Stock Forecast

BNP Paribas SA stock price ended at 67.64€ on Friday, after gaining 0.282%.
(Updated on May 03, 2024)

BNP.PA Signals & Forecast

The BNP Paribas 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 67.65€. On a fall, the stock will find some support from the long-term average at approximately 65.15€. 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. Volume is rising along with the price. This is considered to be a good technical 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 Thursday, April 25, 2024, and so far it has fallen -1.05%. 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).

Support, Risk & Stop-loss for BNP Paribas SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 61.21€ and 57.27€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BNP Paribas SA finds support just below today's level at 61.21€. If this is broken, then the next support from accumulated volume will be at 57.27€ and 53.44€.

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 0.97€ between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: 64.87€ (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (BNP.PA) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect BNP Paribas SA to open at 67.76€, and during the day (based on 14 day Average True Range), to move between 66.32€ and 68.96€, which gives a possible trading interval of +/-1.32€ (+/-1.96%) up or down from last closing price. If BNP Paribas SA takes out the full calculated possible swing range there will be an estimated 3.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 67.73€ (0.13%) than the support at 61.21€ (9.51%), 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 BNP Paribas SA stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BNP Paribas SA stock to perform well in the short-term.

Current score: 1.003 Buy Candidate Unchanged

Predicted Opening Price for BNP Paribas SA of Monday, May 6, 2024

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