Centrale d'Achat Française pour Stock Forecast

Red day on Wednesday for Centrale d'Achat Française pour
(Updated on May 22, 2024)

CAFO.PA Signals & Forecast

The Centrale d'Achat Française pour 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 9.53€. On a fall, the stock will find some support from the long-term average at approximately 9.47€. 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. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 3.71%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, June 22, 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 Centrale d'Achat Française pour stock

On the downside, the stock finds support just below today's level from accumulated volume at 9.00€ and 8.90€. 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, Centrale d'Achat Française pour finds support just below today's level at 9.00€. If this is broken, then the next support from accumulated volume will be at 8.90€ and 8.80€.

In general the stock tends to have controlled movements and therefore the general risk is considered 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 0.0200€ between high and low, or 0.211%. For the last week the stock has had daily average volatility of 1.10%.

Our recommended stop-loss: 8.98€ (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (CAFO.PA) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Centrale d'Achat Française pour l'Outre-Mer Société Anonyme to open at 9.49€, and during the day (based on 14 day Average True Range), to move between 9.33€ and 9.67€, which gives a possible trading interval of +/-0.166€ (+/-1.75%) up or down from last closing price. If Centrale d'Achat Française pour l'Outre-Mer Société Anonyme takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 9.68€ (1.89%) than the support at 9.00€ (5.26%), 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 Centrale d'Achat Française pour l'Outre-Mer Société Anonyme 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 Centrale d'Achat Française pour stock to perform well in the short-term.

Current score: 3.458 Buy Candidate Unchanged

Predicted Opening Price for Centrale d'Achat Française pour l'Outre-Mer Société Anonyme of Thursday, May 23, 2024

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