Boiron SA Stock Forecast
Boiron SA stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Boiron SA stock price fell by -3.54% on the last day (Friday, 17th May 2024) from 35.35€ to 34.10€. During the last trading day the stock fluctuated 4.56% from a day low at 34.00€ to a day high of 35.55€. The price has risen in 6 of the last 10 days and is up by 1.04% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately 157.75€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.16% during the next 3 months and, with a 90% probability hold a price between 30.12€ and 33.85€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BOI.PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Boiron SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 34.44€ and 34.14€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -3.54%. Further fall is indicated until a new bottom pivot has been found. Boiron SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Boiron SA stock
Boiron SA finds support from accumulated volume at 34.00€ 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 1.55€ between high and low, or 4.56%. For the last week the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOI.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Boiron SA to open at 34.55€, and during the day (based on 14 day Average True Range), to move between 33.35€ and 34.85€, which gives a possible trading interval of +/-0.748€ (+/-2.19%) up or down from last closing price. If Boiron SA takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 34.20€ (0.29%) than the support at 34.00€ (0.29%), 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.
Earnings coming up
Boiron SA will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for Boiron SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.70% in the first trading day after earnings release.
Is Boiron SA stock A Buy?
Boiron SA holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.941 Sell Candidate Downgraded
Predicted Opening Price for Boiron SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 34.55€ ( 1.32%) | 34.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.10 | 5.87 % | |
| R2 | 35.51 | 4.13 % | ||
| R1 | 35.14 | 3.06 % | ||
| Current price: | 34.10 | |||
| Support | S1 | 33.96 | -0.417 % | |
| S2 | 33.59 | -1.49 % | ||
| S3 | 33.00 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.60 | 4.40 % | |
| R2 | 35.30 | 3.52 % | ||
| R1 | 34.20 | 0.293 % | ||
| Current price | 34.10 | |||
| Support | S1 | 34.00 | -0.293% | |
| S2 | 33.75 | -1.03% | ||
| S3 | 32.48 | -4.75% |
BOI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 05, 2024 | 1.35€ | 3.94% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | 1.10€ | 2.96% |
| 3 | May 31, 2023 | May 31, 2023 | May 31, 2023 | 1.10€ | 2.90% |
| 4 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 0.95€ | 2.23% |
| 5 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 0.95€ | 2.38% |
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