Capgemini SE Stock Forecast
Evaluation of Capgemini SE stock downgraded after the last trading session.
(Updated on May 22, 2024)
The Capgemini SE stock price fell by -1.56% on the last day (Wednesday, 22nd May 2024) from $45.46 to $44.75. During the last trading day the stock fluctuated 0.84% from a day low at $44.75 to a day high of $45.13. The price has risen in 7 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume has increased on the last day by 21 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 55 thousand shares were bought and sold for approximately $2.46 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $45.36 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.90% during the next 3 months and, with a 90% probability hold a price between $35.59 and $39.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CGEMY Signals & Forecast
The Capgemini SE 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 $45.03. On a fall, the stock will find some support from the long-term average at approximately $44.08. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 6.60%. Further rise is indicated until a new top pivot has been found. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Capgemini SE stock
Capgemini SE finds support from accumulated volume at $44.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.375 (0.84%) between high and low. For the last week, the stock has had daily average volatility of 0.690%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGEMY) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Capgemini SE to open at $44.88, and during the day (based on 14 day Average True Range), to move between $44.11 and $45.39, which gives a possible trading interval of +/-$0.639 (+/-1.43%) up or down from last closing price. If Capgemini SE takes out the full calculated possible swing range there will be an estimated 2.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.72 (0.07%) than the resistance at $45.26 (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capgemini SE stock A Buy?
Capgemini SE holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.312 Sell Candidate Downgraded
Predicted Opening Price for Capgemini SE of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $44.88 ( 0.279%) | $44.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGEMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.25 | 1.12 % | |
| R2 | 45.11 | 0.797 % | ||
| R1 | 45.02 | 0.599 % | ||
| Current price: | 44.75 | |||
| Support | S1 | 44.73 | -0.0408 % | |
| S2 | 44.64 | -0.239 % | ||
| S3 | 44.50 | -0.559 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.64 | 4.22 % | |
| R2 | 45.37 | 1.39 % | ||
| R1 | 45.26 | 1.14 % | ||
| Current price | 44.75 | |||
| Support | S1 | 44.72 | -0.0670% | |
| S2 | 44.31 | -0.98% | ||
| S3 | 44.17 | -1.30% |
CGEMY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 17, 2024 | $0.733 | 1.64% |
| 2 | May 20, 2023 | May 25, 2023 | Jun 16, 2023 | $0.713 | 1.83% |
| 3 | May 27, 2022 | May 27, 2022 | Oct 28, 2022 | $0.506 | 1.47% |
| 4 | May 14, 2021 | May 28, 2021 | Jun 21, 2021 | $0.471 | 1.26% |
| 5 | Jun 01, 2020 | Jun 01, 2020 | Jun 22, 2020 | $0.291 | 1.31% |
FAQ
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