Cegedim SA Stock Forecast
Green day on Friday for Cegedim SA
(Updated on May 03, 2024)
The Cegedim SA stock price gained 2.07% on the last trading day (Friday, 3rd May 2024), rising from 14.50€ to 14.80€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.75% from a day low at 14.55€ to a day high of 14.95€. The price has risen in 6 of the last 10 days and is up by 6.86% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 10 thousand shares were bought and sold for approximately 145.88€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very 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 14.87€ 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 -18.58% during the next 3 months and, with a 90% probability hold a price between 9.54€ and 12.11€ 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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CGM.PA Signals & Forecast
The Cegedim SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 14.08€ and 14.53€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 13.85%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Cegedim SA stock
Cegedim SA finds support from accumulated volume at 14.10€ 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 controlled movements and therefore the general risk is considered 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 0.400€ between high and low, or 2.75%. For the last week the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: 14.15€ (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (CGM.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cegedim SA to open at 14.77€, and during the day (based on 14 day Average True Range), to move between 14.34€ and 15.26€, which gives a possible trading interval of +/-0.464€ (+/-3.14%) up or down from last closing price. If Cegedim SA takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.14€ (2.30%) than the support at 14.10€ (4.73%), 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 Cegedim SA stock A Buy?
Cegedim 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cegedim SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 14.77€ ( 0.225%) | 14.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGM.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.17 | 2.48 % | |
| R2 | 15.01 | 1.45 % | ||
| R1 | 14.92 | 0.81 % | ||
| Current price: | 14.80 | |||
| Support | S1 | 14.61 | -1.26 % | |
| S2 | 14.52 | -1.90 % | ||
| S3 | 14.37 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.38 | 10.68 % | |
| R2 | 16.00 | 8.11 % | ||
| R1 | 15.14 | 2.30 % | ||
| Current price | 14.80 | |||
| Support | S1 | 14.10 | -4.73% | |
| S2 | 13.40 | -9.46% | ||
| S3 | 13.00 | -12.16% |
CGM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | 0.500€ | 2.17% |
| 2 | Apr 13, 2011 | Jul 01, 2011 | Jul 01, 2011 | 1.00€ | 2.63% |
| 3 | Apr 13, 2010 | Jul 01, 2010 | Jul 01, 2010 | 1.00€ | 1.88% |
| 4 | Mar 31, 2008 | May 16, 2008 | May 21, 2008 | 0.768€ | 1.62% |
| 5 | Mar 16, 2007 | May 21, 2007 | May 21, 2007 | 0.683€ | 0.99% |
FAQ
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