Etablissementen Franz Colruyt N.V. Stock Forecast

Etablissementen Franz Colruyt N.V. stock price ended at 42.88€ on Thursday, after losing 0%.
(Updated on May 16, 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 42.85€ and 42.18€. A breakdown below any of these levels will issue sell signals. 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, May 13, 2024, and so far it has fallen -0.88%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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

Etablissementen Franz Colruyt N.V. finds support from accumulated volume at 42.57€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.04%

Our recommended stop-loss: 41.03€ (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (COLR.BB) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Etablissementen Franz Colruyt N.V. to open at 42.88€, and during the day (based on 14 day Average True Range), to move between 42.14€ and 43.62€, which gives a possible trading interval of +/-0.741€ (+/-1.73%) 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 3.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 43.19€ (0.72%) than the support at 42.57€ (0.72%), 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: -0.346 Hold/Accumulate Unchanged

Predicted Opening Price for Etablissementen Franz Colruyt N.V. of Friday, May 17, 2024

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