Etablissementen Franz Colruyt N.V. Stock Forecast

Green day on Friday for Etablissementen Franz Colruyt N.V. stock after gaining 1.40%
(Updated on May 17, 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 42.99€ and 42.19€. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.458%. 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).

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

Etablissementen Franz Colruyt N.V. finds support from accumulated volume at 43.34€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.380€ between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.89%.

Our recommended stop-loss: 41.72€ (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (COLR.BB) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Etablissementen Franz Colruyt N.V. to open at 43.35€, and during the day (based on 14 day Average True Range), to move between 42.75€ and 44.21€, which gives a possible trading interval of +/-0.731€ (+/-1.68%) 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 3.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 43.56€ (0.18%) than the support at 43.34€ (0.32%), 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.

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

Etablissementen Franz Colruyt N.V. 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 Etablissementen Franz Colruyt N.V. of Monday, May 20, 2024

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