Compagnie du Bois Sauvage SA Stock Forecast

Weaker technical forecast for Compagnie du Bois Sauvage SA as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)

COMB.BB Signals & Forecast

The Compagnie du Bois Sauvage SA 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 254.43€. On a fall, the stock will find some support from the long-term average at approximately 251.09€. 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. 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 Tuesday, April 30, 2024, and so far it has fallen -3.44%. 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 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 Compagnie du Bois Sauvage SA stock

Compagnie du Bois Sauvage SA finds support from accumulated volume at 251.00€ 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 controlled movements and therefore the general risk is considered 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 4.00€ between high and low, or 1.59%. For the last week the stock has had daily average volatility of 2.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (COMB.BB) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Compagnie du Bois Sauvage SA to open at 253.00€, and during the day (based on 14 day Average True Range), to move between 247.30€ and 258.70€, which gives a possible trading interval of +/-5.70€ (+/-2.25%) up or down from last closing price. If Compagnie du Bois Sauvage SA takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 255.00€ (0.79%) than the support at 251.00€ (0.79%), 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 Compagnie du Bois Sauvage SA stock A Buy?

Compagnie du Bois Sauvage SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -2.683 Sell Candidate Downgraded

Predicted Opening Price for Compagnie du Bois Sauvage SA of Friday, May 3, 2024

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