Casino, Guichard-Perrachon Société 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
Casino, Guichard-Perrachon Société stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 28, 2024)
The Casino, Guichard-Perrachon Société stock price fell by -4.28% on the last day (Tuesday, 28th May 2024) from 0.0397€ to 0.0380€. During the last trading day the stock fluctuated 6.97% from a day low at 0.0373€ to a day high of 0.0399€. The price has been going up and down for this period, and there has been a 11.76% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 million shares and in total, 23 million shares were bought and sold for approximately 883.53€ thousand.
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 a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 0.0382€. On a fall, the stock will find some support from the long-term average at approximately 0.0329€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 35.71%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Casino, Guichard-Perrachon Société stock
Casino, Guichard-Perrachon Société finds support from accumulated volume at 0.0377€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0026€ between high and low, or 6.97%. For the last week the stock has had daily average volatility of 6.20%.
Our recommended stop-loss: 0.0366€ (-3.68%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (CO.PA) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Casino, Guichard-Perrachon Société Anonyme to open at 0.0384€, and during the day (based on 14 day Average True Range), to move between 0.0316€ and 0.0444€, which gives a possible trading interval of +/-0.0064€ (+/-16.83%) 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 33.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0377€ (0.79%) than the resistance at 0.0385€ (1.32%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.516 Hold/Accumulate Downgraded
Predicted Opening Price for Casino, Guichard-Perrachon Société Anonyme of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| 0.0384€ ( 1.05%) | 0.0380€ |
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 | 0.0410 | 7.89 % | |
| R2 | 0.0400 | 5.28 % | ||
| R1 | 0.0394 | 3.67 % | ||
| Current price: | 0.0380 | |||
| Support | S1 | 0.0374 | -1.56 % | |
| S2 | 0.0368 | -3.18 % | ||
| S3 | 0.0358 | -5.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0424 | 11.58 % | |
| R2 | 0.0391 | 2.89 % | ||
| R1 | 0.0385 | 1.32 % | ||
| Current price | 0.0380 | |||
| Support | S1 | 0.0377 | -0.789% | |
| S2 | 0.0340 | -10.53% | ||
| S3 | 0.0300 | -21.05% |
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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