Société Centrale des Bois et des Stock Forecast
Red day on Monday for Société Centrale des Bois et des
(Updated on Jun 17, 2024)
No changes to the price of Société Centrale des Bois et des stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at 8.50€ to a day high of 8.50€. The price has been going up and down for this period, and there has been a -3.41% loss for the last 2 weeks.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 8.38€ 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 3.93% during the next 3 months and, with a 90% probability hold a price between 8.71€ and 9.45€ at the end of this 3-month period.
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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. 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 8.60€ and 8.63€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -3.41%. 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 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 0.468%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CBSM.PA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th 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 8.44€ and 8.56€, which gives a possible trading interval of +/-0.0559€ (+/-0.66%) 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 1.32% 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?
The Société Centrale des Bois et des stock holds several negative signals and despite the positive trend, we believe Société Centrale des Bois et des will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.966 Sell Candidate Unchanged
Predicted Opening Price for Société Centrale des Bois et des Scieries de la Manche S.A. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
8.50€ ( 0%) | 8.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBSM.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.50 | - |
R2 | 8.50 | - |
R1 | 8.50 | - |
Price | 8.50 | |
S1 | 8.50 | - |
S2 | 8.50 | - |
S3 | 8.50 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.70 | 2.35% |
R2 | 8.60 | 1.18% |
R1 | 8.55 | 0.588% |
Price | 8.50 | |
S1 | 8.35 | -1.76% |
S2 | 8.30 | -2.35% |
S3 | 8.10 | -4.71% |
CBSM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 09, 2018 | Jan 08, 2019 | Feb 15, 2019 | 0.100€ | 1.50% |
2 | Nov 08, 2017 | Jan 10, 2018 | Feb 14, 2018 | 0.100€ | 1.43% |
3 | Nov 09, 2016 | Jan 09, 2017 | Feb 13, 2017 | 0.100€ | 1.70% |
4 | Oct 13, 2015 | Jan 08, 2016 | Feb 08, 2016 | 0.0800€ | 1.57% |
5 | Sep 29, 2014 | Jan 13, 2015 | Jan 15, 2015 | 0.0500€ | 0.82% |
FAQ
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