Etablissementen Franz Colruyt N.V. Stock Forecast

Red day on Tuesday for Etablissementen Franz Colruyt N.V.
(Updated on Apr 30, 2024)

COLR.BB Signals & Forecast

The Etablissementen Franz Colruyt N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 43.06€ and 42.06€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.595%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Etablissementen Franz Colruyt N.V. stock

Etablissementen Franz Colruyt N.V. finds support from accumulated volume at 43.19€ 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 0.680€ between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 1.84%.

Our recommended stop-loss: 42.31€ (-2.55%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (COLR.BB) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Etablissementen Franz Colruyt N.V. to open at 43.65€, and during the day (based on 14 day Average True Range), to move between 42.60€ and 44.24€, which gives a possible trading interval of +/-0.82€ (+/-1.88%) up or down from last closing price. If Etablissementen Franz Colruyt N.V. takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 43.19€ (0.53%) than the resistance at 43.68€ (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Etablissementen Franz Colruyt N.V. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Etablissementen Franz Colruyt N.V. stock to perform well in the short-term.

Current score: 1.944 Buy Candidate Unchanged

Predicted Opening Price for Etablissementen Franz Colruyt N.V. of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.