Cegedim SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Cegedim SA as stock downgraded to Strong Sell Candidate.
(Updated on Jul 02, 2024)
The Cegedim SA stock price fell by -3.07% on the last day (Tuesday, 2nd Jul 2024) from 13.05€ to 12.65€. During the last trading day the stock fluctuated 3.16% from a day low at 12.65€ to a day high of 13.05€. The price has been going up and down for this period, and there has been a -4.17% 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, 4 thousand shares were bought and sold for approximately 51.41€ thousand.
Given the current short-term trend, the stock is expected to fall -5.28% during the next 3 months and, with a 90% probability hold a price between 11.98€ and 13.52€ at the end of this 3-month period.
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CGM.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Cegedim SA 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 13.02€ and 13.71€. 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 03, 2024, and so far it has fallen -14.53%. 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). Cegedim SA 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cegedim SA 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 0.400€ between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGM.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Cegedim SA to open at 12.78€, and during the day (based on 14 day Average True Range), to move between 12.29€ and 13.01€, which gives a possible trading interval of +/-0.364€ (+/-2.88%) up or down from last closing price. If Cegedim SA takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 14.00€, some 1.35€ (10.67%) from the current price of 12.65€, our system finds the risk reward not very attractive.
Is Cegedim SA stock A Buy?
Cegedim SA 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: -5.167 Strong Sell Candidate Downgraded
Predicted Opening Price for Cegedim SA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 12.78€ ( 1.05%) | 12.65€ |
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 | |
|---|---|---|
| R3 | 13.18 | 4.22% |
| R2 | 13.03 | 3.01% |
| R1 | 12.94 | 2.26% |
| Price | 12.65 | |
| S1 | 12.63 | -0.154% |
| S2 | 12.54 | -0.90% |
| S3 | 12.38 | -2.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.40 | 13.83% |
| R2 | 14.10 | 11.46% |
| R1 | 14.00 | 10.67% |
| Price | 12.65 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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