BOLLORE INVESTISSEME Stock Forecast
BOLLORE INVESTISSEME stock upgraded to Hold/Accumulate.
(Updated on Jun 21, 2024)
The BOLLORE INVESTISSEME stock price fell by -3.17% on the last day (Friday, 21st Jun 2024) from $6.30 to $6.10. During the last trading day the stock fluctuated 5.90% from a day low at $6.10 to a day high of $6.46. The price has fallen in 5 of the last 10 days and is down by -10.95% for this period. Volume has increased on the last day by 6 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, 6 thousand shares were bought and sold for approximately $34.11 thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($6.33) are considered to be a "second chance" to get out. According to the fan-theory $5.86 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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BOIVF Signals & Forecast
There are few to no technical positive signals at the moment. The BOLLORE INVESTISSEME 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 $6.26 and $6.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -10.95%. 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). BOLLORE INVESTISSEME 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, June 06, 2024 with a target of $6.23. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for BOLLORE INVESTISSEME 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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.360 between high and low, or 5.90%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: $5.77 (-5.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (BOIVF) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect BOLLORE INVESTISSEME to open at $6.22, and during the day (based on 14 day Average True Range), to move between $5.94 and $6.26, which gives a possible trading interval of +/-$0.159 (+/-2.61%) up or down from last closing price. If BOLLORE INVESTISSEME takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $6.52, some $0.420 (6.89%) from the current price of $6.10, our system finds the risk reward not very attractive.
Is BOLLORE INVESTISSEME stock A Buy?
BOLLORE INVESTISSEME holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BOLLORE INVESTISSEME of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $6.22 ( 1.97%) | $6.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOIVF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.58 | 7.87% |
| R2 | 6.44 | 5.61% |
| R1 | 6.36 | 4.22% |
| Price | 6.10 | |
| S1 | 6.08 | -0.287% |
| S2 | 6.00 | -1.68% |
| S3 | 5.86 | -3.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.74 | 10.41% |
| R2 | 6.70 | 9.84% |
| R1 | 6.52 | 6.89% |
| Price | 6.10 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
BOIVF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Jun 27, 2024 | $0.0544 | 0.89% |
| 2 | Sep 05, 2023 | Sep 05, 2023 | Sep 07, 2023 | $0.0220 | 0.387% |
| 3 | Jul 05, 2023 | Jul 05, 2023 | Jul 05, 2023 | $0.0440 | 0.705% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | $0.0200 | 0.423% |
| 5 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | $0.0430 | 0.83% |
FAQ
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