Burelle SA Stock Forecast
Green day on Friday for Burelle SA
(Updated on May 17, 2024)
The Burelle SA stock price gained 0.462% on the last trading day (Friday, 17th May 2024), rising from 433.00€ to 435.00€. During the last trading day the stock fluctuated 0.462% from a day low at 433.00€ to a day high of 435.00€. The price has been going up and down for this period, and there has been a -2.9% loss for the last 2 weeks. Volume fell on the last day by -61 shares and in total, 102 shares were bought and sold for approximately 44.37€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 434.08€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.61% during the next 3 months and, with a 90% probability hold a price between 497.50€ and 593.75€ at the end of this 3-month period.
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BUR.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Burelle 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 437.71€ and 447.09€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -11.41%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Burelle SA stock
Burelle SA finds support from accumulated volume at 433.00€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 2.00€ between high and low, or 0.462%. For the last week the stock has had daily average volatility of 1.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BUR.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Burelle SA to open at 434.33€, and during the day (based on 14 day Average True Range), to move between 426.37€ and 443.63€, which gives a possible trading interval of +/-8.63€ (+/-1.98%) up or down from last closing price. If Burelle SA takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 433.00€ (0.46%) than the resistance at 441.00€ (1.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Burelle SA stock A Buy?
The Burelle SA stock holds several negative signals and despite the positive trend, we believe Burelle SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.569 Sell Candidate Unchanged
Predicted Opening Price for Burelle SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 434.33€ ( 0.153%) | 435.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 436.33 | 0.307 % | |
| R2 | 435.57 | 0.131 % | ||
| R1 | 435.10 | 0.0224 % | ||
| Current price: | 435.00 | |||
| Support | S1 | 433.57 | -0.329 % | |
| S2 | 433.10 | -0.437 % | ||
| S3 | 432.33 | -0.613 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 484.00 | 11.26 % | |
| R2 | 451.00 | 3.68 % | ||
| R1 | 441.00 | 1.38 % | ||
| Current price | 435.00 | |||
| Support | S1 | 433.00 | -0.460% | |
| S2 | 414.00 | -4.83% | ||
| S3 | 390.00 | -10.34% |
BUR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 28, 2024 | 0€ | 0% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | 16.00€ | 3.48% |
| 3 | May 24, 2022 | May 24, 2022 | May 24, 2022 | 15.00€ | 2.98% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 15.00€ | 1.87% |
| 5 | Mar 27, 2020 | Jun 03, 2020 | Jun 05, 2020 | 15.00€ | 2.41% |
FAQ
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