Chargeurs SA Stock Forecast

Chargeurs SA stock price down 0.761% on Friday
(Updated on May 31, 2024)

CRI.PA Signals & Forecast

The Chargeurs 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 13.11€. On a fall, the stock will find some support from the long-term average at approximately 12.30€. 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 Monday, May 13, 2024, and so far it has fallen -1.95%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Chargeurs SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 11.96€ and 11.94€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Chargeurs SA finds support just below today's level at 11.96€. If this is broken, then the next support from accumulated volume will be at 11.94€ and 11.90€.

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 0.0600€ between high and low, or 0.461%. For the last week the stock has had daily average volatility of 1.11%.

Our recommended stop-loss: 12.43€ (-4.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (CRI.PA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Chargeurs SA to open at 13.05€, and during the day (based on 14 day Average True Range), to move between 12.82€ and 13.26€, which gives a possible trading interval of +/-0.222€ (+/-1.70%) up or down from last closing price. If Chargeurs SA takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 13.14€ (0.77%) than the support at 11.96€ (8.28%), 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 Chargeurs SA 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 Chargeurs SA stock to perform well in the short-term.

Current score: 2.409 Buy Candidate Unchanged

Predicted Opening Price for Chargeurs SA of Monday, June 3, 2024

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