Compagnie De Saint-gobain S.a. Stock Forecast
Stronger technical forecast for Compagnie De Saint-gobain S.a. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Compagnie De Saint-gobain S.a. stock price fell by -0.650% on the last day (Wednesday, 26th Jun 2024) from 73.10€ to 72.63€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.85% from a day low at 72.44€ to a day high of 73.78€. The price has been going up and down for this period, and there has been a -4.5% loss for the last 2 weeks. Volume has increased on the last day by 1 million 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, 1 million shares were bought and sold for approximately 85.60€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 72.40€ 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 7.95% during the next 3 months and, with a 90% probability hold a price between 78.15€ and 92.09€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
COD.L Signals & Forecast
The Compagnie De Saint-gobain S.a. 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 73.85€ and 78.71€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.33%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Compagnie De Saint-gobain S.a. stock
Compagnie De Saint-gobain S.a. finds support from accumulated volume at 71.57€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.34€ between high and low, or 1.85%. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: 68.91€ (-5.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (COD.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Compagnie De Saint-gobain S.a. to open at 72.95€, and during the day (based on 14 day Average True Range), to move between 70.44€ and 74.81€, which gives a possible trading interval of +/-2.18€ (+/-3.00%) up or down from last closing price. If Compagnie De Saint-gobain S.a. takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 71.57€ (1.45%) than the resistance at 74.20€ (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Compagnie De Saint-gobain S.a. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.381 Buy Candidate Upgraded
Predicted Opening Price for Compagnie De Saint-gobain S.a. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 72.95€ ( 0.445%) | 72.63€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.29 | 2.29% |
| R2 | 73.78 | 1.59% |
| R1 | 73.46 | 1.15% |
| Price | 72.63 | |
| S1 | 72.44 | -0.260% |
| S2 | 72.12 | -0.695% |
| S3 | 71.61 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.70 | 12.50% |
| R2 | 75.88 | 4.48% |
| R1 | 74.20 | 2.17% |
| Price | 72.63 | |
| S1 | 71.57 | -1.45% |
| S2 | 70.78 | -2.54% |
| S3 | 70.53 | -2.88% |
COD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 12, 2024 | 2.10€ | 2.69% |
| 2 | Feb 23, 2023 | Jun 12, 2023 | Jun 14, 2023 | 2.00€ | 3.53% |
| 3 | Feb 24, 2022 | Jun 06, 2022 | Jun 08, 2022 | 1.63€ | 2.94% |
| 4 | Feb 25, 2021 | Jun 07, 2021 | Jun 09, 2021 | 1.33€ | 2.28% |
| 5 | Feb 27, 2020 | Jun 08, 2020 | Jun 10, 2020 | 1.38€ | 4.38% |
FAQ
Click here for our free guide on how to buy Compagnie De Saint-gobain S.a. Stock.
