Groupe CRIT SA Stock Forecast

Groupe CRIT SA stock upgraded to Buy Candidate.
(Updated on May 08, 2024)

CEN.PA Signals & Forecast

The Groupe CRIT SA 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 74.97€. On a fall, the stock will find some support from the long-term average at approximately 73.76€. 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. 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 Thursday, April 11, 2024, and so far it has fallen -3.37%. 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 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.

Support, Risk & Stop-loss for Groupe CRIT SA stock

Groupe CRIT SA finds support from accumulated volume at 72.00€ 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 0.200€ between high and low, or 0.268%. For the last week the stock has had daily average volatility of 0.535%

Our recommended stop-loss: 71.46€ (-4.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (CEN.PA) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Groupe CRIT SA to open at 74.67€, and during the day (based on 14 day Average True Range), to move between 73.84€ and 75.36€, which gives a possible trading interval of +/-0.763€ (+/-1.02%) up or down from last closing price. If Groupe CRIT SA takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 75.20€ (0.80%) than the support at 72.00€ (3.49%), 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 Groupe CRIT SA 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 Groupe CRIT SA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.239 Buy Candidate Upgraded

Predicted Opening Price for Groupe CRIT SA of Thursday, May 9, 2024

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