Caisse Régionale de Crédit Agricole du Stock Forecast
Green day on Friday for Caisse Régionale de Crédit Agricole du stock after gaining 1.33%
(Updated on May 31, 2024)
The Caisse Régionale de Crédit Agricole du stock price gained 1.33% on the last trading day (Friday, 31st May 2024), rising from 67.00€ to 67.89€. During the last trading day the stock fluctuated 1.33% from a day low at 67.00€ to a day high of 67.89€. The price has risen in 5 of the last 10 days but is still down by -5.18% for this period. Volume fell on the last day by -4 thousand shares and in total, 275 shares were bought and sold for approximately 18.67€ 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 in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 67.26€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.47% during the next 3 months and, with a 90% probability hold a price between 85.07€ and 96.98€ at the end of this 3-month period.
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CMO.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Caisse Régionale de Crédit Agricole du stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 69.47€ and 68.84€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -7.00%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Caisse Régionale de Crédit Agricole du stock
Caisse Régionale de Crédit Agricole du finds support from accumulated volume at 67.00€ 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 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 0.89€ between high and low, or 1.33%. For the last week the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMO.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Caisse Régionale de Crédit Agricole du Morbihan to open at 67.59€, and during the day (based on 14 day Average True Range), to move between 66.50€ and 69.28€, which gives a possible trading interval of +/-1.39€ (+/-2.05%) up or down from last closing price. If Caisse Régionale de Crédit Agricole du Morbihan takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 68.00€ (0.16%) than the support at 67.00€ (1.31%), 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.
Earnings coming up
Caisse Régionale de Crédit Agricole du Morbihan will release earnings BMO on Wednesday, June 05, 2024. We will update the financials statements for Caisse Régionale de Crédit Agricole du Morbihan, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.00% in the first trading day after earnings release.
Is Caisse Régionale de Crédit Agricole du Morbihan stock A Buy?
The Caisse Régionale de Crédit Agricole du stock holds several negative signals and despite the positive trend, we believe Caisse Régionale de Crédit Agricole du will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.818 Sell Candidate Unchanged
Predicted Opening Price for Caisse Régionale de Crédit Agricole du Morbihan of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 67.59€ ( 0.437%) | 67.89€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.48 | 0.87 % | |
| R2 | 68.14 | 0.373 % | ||
| R1 | 67.93 | 0.0638 % | ||
| Current price: | 67.89 | |||
| Support | S1 | 67.25 | -0.94 % | |
| S2 | 67.04 | -1.25 % | ||
| S3 | 66.70 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.09 | 3.24 % | |
| R2 | 68.80 | 1.34 % | ||
| R1 | 68.00 | 0.162 % | ||
| Current price | 67.89 | |||
| Support | S1 | 67.00 | -1.31% | |
| S2 | 59.50 | -12.36% | ||
| S3 | 59.00 | -13.09% |
CMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 01, 2024 | 2.87€ | 4.23% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 2.94€ | 4.35% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 2.72€ | 4.24% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 2.70€ | 3.48% |
| 5 | Apr 03, 2020 | May 29, 2020 | Jun 02, 2020 | 2.39€ | 2.49% |
FAQ
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