Bureau Veritas SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Bureau Veritas SA stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Bureau Veritas SA stock price gained 1.61% on the last trading day (Friday, 3rd May 2024), rising from 27.26€ to 27.70€. During the last trading day the stock fluctuated 2.13% from a day low at 27.24€ to a day high of 27.82€. The price has fallen in 6 of the last 10 days but is still up by 1.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 302 thousand more shares were traded than the day before. In total, 841 thousand shares were bought and sold for approximately 23.30€ million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.18% during the next 3 months and, with a 90% probability hold a price between 29.31€ and 31.89€ at the end of this 3-month period.
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BVI.PA Signals & Forecast
The Bureau Veritas SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 27.39€ and 27.36€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, March 28, 2024, and so far it has fallen -2.05%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, August 30, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, August 30, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Bureau Veritas SA stock
Bureau Veritas SA finds support from accumulated volume at 27.33€ 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 0.580€ between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: 26.63€ (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (BVI.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bureau Veritas SA to open at 27.59€, and during the day (based on 14 day Average True Range), to move between 27.24€ and 28.16€, which gives a possible trading interval of +/-0.464€ (+/-1.67%) up or down from last closing price. If Bureau Veritas SA takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 27.76€ (0.22%) than the support at 27.33€ (1.34%), 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 Bureau Veritas 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 Bureau Veritas SA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.600 Buy Candidate Upgraded
Predicted Opening Price for Bureau Veritas SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 27.59€ ( 0.409%) | 27.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.17 | 1.68 % | |
| R2 | 27.95 | 0.88 % | ||
| R1 | 27.81 | 0.391 % | ||
| Current price: | 27.70 | |||
| Support | S1 | 27.37 | -1.21 % | |
| S2 | 27.23 | -1.70 % | ||
| S3 | 27.01 | -2.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.10 | 1.44 % | |
| R2 | 27.93 | 0.83 % | ||
| R1 | 27.76 | 0.217 % | ||
| Current price | 27.70 | |||
| Support | S1 | 27.33 | -1.34% | |
| S2 | 27.04 | -2.38% | ||
| S3 | 27.03 | -2.42% |
BVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 04, 2024 | 0.83€ | 3.00% |
| 2 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 0.770€ | 3.18% |
| 3 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | 0.530€ | 2.21% |
| 4 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | 0.360€ | 1.35% |
| 5 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | 0.560€ | 2.98% |
FAQ
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