Société Centrale des Bois et des Stock Forecast

Société Centrale des Bois et des stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

CBSM.PA Signals & Forecast

There are few to no technical positive signals at the moment. The Société Centrale des Bois et des 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 8.53€ and 8.52€. 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 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Société Centrale des Bois et des stock

Société Centrale des Bois et des finds support from accumulated volume at 8.35€ 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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.85%

Our recommended stop-loss: 8.15€ (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CBSM.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Société Centrale des Bois et des Scieries de la Manche S.A. to open at 8.50€, and during the day (based on 14 day Average True Range), to move between 8.41€ and 8.59€, which gives a possible trading interval of +/-0.0854€ (+/-1.01%) up or down from last closing price. If Société Centrale des Bois et des Scieries de la Manche S.A. takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 8.55€ (0.59%) than the support at 8.35€ (1.76%), 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 Société Centrale des Bois et des Scieries de la Manche S.A. stock A Buy?

Société Centrale des Bois et des 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 Société Centrale des Bois et des Scieries de la Manche S.A. of Monday, May 20, 2024

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