Compagnie des Alpes SA Stock Forecast

Weaker technical forecast for Compagnie des Alpes SA as stock downgraded to Hold/Accumulate.
(Updated on May 06, 2024)

CDA.PA Signals & Forecast

The Compagnie des Alpes 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 13.89€ and 13.42€. 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). 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 Friday, May 03, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Compagnie des Alpes SA stock

Compagnie des Alpes SA finds support from accumulated volume at 13.52€ 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 1.84%

Our recommended stop-loss: 13.56€ (-3.58%) (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 (CDA.PA) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Compagnie des Alpes SA to open at 14.06€, and during the day (based on 14 day Average True Range), to move between 13.76€ and 14.36€, which gives a possible trading interval of +/-0.300€ (+/-2.14%) up or down from last closing price. If Compagnie des Alpes SA takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 14.10€ (0.28%) than the support at 13.52€ (3.84%), 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 Compagnie des Alpes SA stock A Buy?

Compagnie des Alpes SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.128 Hold/Accumulate Downgraded

Predicted Opening Price for Compagnie des Alpes SA of Tuesday, May 7, 2024

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