Casino, Guichard-Perrachon Société Stock Forecast
Strong day for Casino, Guichard-Perrachon Société stock price on Friday rising 7.32% to 0.0396€
(Updated on May 17, 2024)
The Casino, Guichard-Perrachon Société stock price gained 7.32% on the last trading day (Friday, 17th May 2024), rising from 0.0369€ to 0.0396€. During the last trading day the stock fluctuated 8.49% from a day low at 0.0365€ to a day high of 0.0396€. The price has risen in 6 of the last 10 days and is up by 27.74% over the past 2 weeks. Volume fell on the last day by -17 million shares and in total, 41 million shares were bought and sold for approximately 1.64€ million. 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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CO.PA Signals & Forecast
The Casino, Guichard-Perrachon Société 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 0.0346€ and 0.0350€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 41.43%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Casino, Guichard-Perrachon Société stock
Casino, Guichard-Perrachon Société finds support from accumulated volume at 0.0391€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.0031€ between high and low, or 8.49%. For the last week, the stock has had daily average volatility of 13.92%.
Our recommended stop-loss: 0.0377€ (-4.90%) (This stock has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (CO.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Casino, Guichard-Perrachon Société Anonyme to open at 0.0386€, and during the day (based on 14 day Average True Range), to move between 0.0296€ and 0.0496€, which gives a possible trading interval of +/-0.0100€ (+/-25.35%) up or down from last closing price. If Casino, Guichard-Perrachon Société Anonyme takes out the full calculated possible swing range there will be an estimated 50.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0391€ (1.26%) than the resistance at 0.0424€ (7.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Casino, Guichard-Perrachon Société Anonyme stock A Buy?
Casino, Guichard-Perrachon Société 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 Casino, Guichard-Perrachon Société Anonyme of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 0.0386€ ( 2.61%) | 0.0396€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0417 | 5.22 % | |
| R2 | 0.0405 | 2.23 % | ||
| R1 | 0.0398 | 0.381 % | ||
| Current price: | 0.0396 | |||
| Support | S1 | 0.0374 | -5.60 % | |
| S2 | 0.0367 | -7.45 % | ||
| S3 | 0.0355 | -10.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0424 | 7.07 % | ||
| Current price | 0.0396 | |||
| Support | S1 | 0.0391 | -1.26% | |
| S2 | 0.0377 | -4.80% | ||
| S3 | 0.0300 | -24.24% |
CO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2019 | May 09, 2019 | Jun 30, 2015 | 1.56€ | 2.30% |
| 2 | Nov 13, 2018 | Dec 03, 2018 | Dec 05, 2018 | 1.56€ | 4.37% |
| 3 | Mar 08, 2018 | May 18, 2018 | May 22, 2018 | 1.56€ | 3.93% |
| 4 | Nov 10, 2017 | Dec 07, 2017 | Dec 11, 2017 | 1.56€ | 3.08% |
| 5 | Mar 07, 2017 | May 09, 2017 | May 11, 2017 | 1.56€ | 2.93% |
FAQ
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