Société Centrale des Bois et des Stock Forecast

Société Centrale des Bois et des stock price down 0% on Tuesday
(Updated on Jun 25, 2024)

CBSM.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. 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 8.50€ and 8.60€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, May 03, 2024 with a target of 8.53€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

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 with good liquidity the risk is considered very low in this 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%.

Our recommended stop-loss: 7.99€ (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (CBSM.PA) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th 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 8.46€ and 8.54€, which gives a possible trading interval of +/-0.0364€ (+/-0.43%) 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 0.86% 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.

Current score: -0.177 Hold/Accumulate Unchanged

Predicted Opening Price for Société Centrale des Bois et des Scieries de la Manche S.A. of Wednesday, June 26, 2024

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