Criteo S.A. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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Criteo S.A. stock downgraded to Sell Candidate
(Updated on Nov 12, 2024)
Sell candidate since Nov 12, 2024
The Criteo S.A. stock price gained 0.0271% on the last trading day (Tuesday, 12th Nov 2024), rising from $36.87 to $36.88. During the last trading day the stock fluctuated 2.20% from a day low at $36.20 to a day high of $37.00. The price has risen in 6 of the last 10 days but is still down by -13.55% for this period. Volume fell on the last day by -375 thousand shares and in total, 304 thousand shares were bought and sold for approximately $11.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.20% during the next 3 months and, with a 90% probability hold a price between $24.27 and $30.80 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
CRTO Signals & Forecast
There are mixed signals in the stock today. The Criteo S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $39.14. On a fall, the stock will find some support from the short-term average at $35.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, November 01, 2024, and so far it has risen 10.29%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Criteo S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $33.68 and $33.59. 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, Criteo S.A. finds support just below today's level at $33.68. If this is broken, then the next support from accumulated volume will be at $33.59 and $33.44.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.796 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRTO) For The Upcoming Trading Day Of Wednesday 13th
For the upcoming trading day on Wednesday, 13th we expect Criteo S.A. to open at $36.69, and during the day (based on 14 day Average True Range), to move between $35.39 and $38.37, which gives a possible trading interval of +/-$1.49 (+/-4.05%) up or down from last closing price. If Criteo S.A. takes out the full calculated possible swing range there will be an estimated 8.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.11 (6.05%) than the support at $33.68 (8.68%), 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 Criteo S.A. stock A Buy?
Criteo S.A. 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 Hold/Accumulate to a Sell candidate.
Current score: -2.171 Sell Candidate Downgraded
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Predicted Fair Opening Price
Predicted fair opening price on November 13, 2024 - $36.69 ( 0.503%).Trading levels for CRTO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.49 | 1.66% |
R2 | 37.19 | 0.83% |
R1 | 37.00 | 0.322% |
Price | 36.88 | |
S1 | 36.39 | -1.33% |
S2 | 36.20 | -1.84% |
S3 | 35.90 | -2.66% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 42.43 | 15.05% |
R2 | 42.00 | 13.88% |
R1 | 39.11 | 6.05% |
Price | 36.88 | |
S1 | 33.68 | -8.68% |
S2 | 33.59 | -8.92% |
S3 | 33.44 | -9.33% |
FAQ
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