Capgemini SE Stock Forecast
Evaluation of Capgemini SE stock downgraded after the last trading session.
(Updated on Jun 14, 2024)
The Capgemini SE stock price fell by -2.87% on the last day (Friday, 14th Jun 2024) from $40.04 to $38.89. During the last trading day the stock fluctuated 1.28% from a day low at $38.43 to a day high of $38.92. The price has been going up and down for this period, and there has been a -3.86% loss for the last 2 weeks. Volume has increased on the last day by 2 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, 6 thousand shares were bought and sold for approximately $243.26 thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($39.29) are considered to be a "second chance" to get out. According to the fan-theory $34.09 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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CGEMY Signals & Forecast
There are few to no technical positive signals at the moment. The Capgemini SE 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 $40.95 and $43.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -14.85%. 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). Capgemini SE gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Capgemini SE stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.490 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 0.82%.
Capgemini SE is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Monday 17th
For the upcoming trading day on Monday, 17th we expect Capgemini SE to open at $38.75, and during the day (based on 14 day Average True Range), to move between $38.02 and $39.76, which gives a possible trading interval of +/-$0.87 (+/-2.23%) up or down from last closing price. If Capgemini SE takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $44.72, some $5.83 (14.99%) from the current price of $38.89, our system finds the risk reward not very attractive.
Is Capgemini SE stock A Buy?
Capgemini SE holds several negative signals and is within a wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -6.533 Strong Sell Candidate Downgraded
Predicted Opening Price for Capgemini SE of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $38.75 ( 0.369%) | $38.89 |
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 | |
|---|---|---|
| R3 | 39.24 | 0.89% |
| R2 | 39.05 | 0.410% |
| R1 | 38.93 | 0.113% |
| Price | 38.89 | |
| S1 | 38.56 | -0.85% |
| S2 | 38.44 | -1.15% |
| S3 | 38.26 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.39 | 16.71% |
| R2 | 45.26 | 16.38% |
| R1 | 44.72 | 14.99% |
| Price | 38.89 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CGEMY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 17, 2024 | $0.733 | 1.88% |
| 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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