Criteo S.A. Stock Forecast
Stronger technical forecast for Criteo S.A. stock price after Friday trading.
(Updated on Apr 19, 2024)
The Criteo S.A. stock price gained 3.08% on the last trading day (Friday, 19th Apr 2024), rising from $34.36 to $35.42. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.53% from a day low at $34.30 to a day high of $36.54. The price has been going up and down for this period, and there has been a 1% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 177 thousand more shares were traded than the day before. In total, 563 thousand shares were bought and sold for approximately $19.95 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.33% during the next 3 months and, with a 90% probability hold a price between $46.53 and $51.03 at the end of this 3-month period.
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CRTO Signals & Forecast
The Criteo S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $34.43 and $34.59. 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 Wednesday, April 03, 2024, and so far it has fallen -0.225%. 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 Criteo S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $32.95 and $32.33. 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 $32.95. If this is broken, then the next support from accumulated volume will be at $32.33 and $30.83.
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 $2.24 between high and low, or 6.53%. For the last week the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: $34.01 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (CRTO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Criteo S.A. to open at $35.42, and during the day (based on 14 day Average True Range), to move between $34.41 and $36.43, which gives a possible trading interval of +/-$1.01 (+/-2.86%) up or down from last closing price. If Criteo S.A. takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.50 (0.23%) than the support at $32.95 (6.97%), 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?
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 Criteo S.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.402 Buy Candidate Upgraded
Predicted Opening Price for Criteo S.A. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $35.42 ( 0%) | $35.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRTO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.66 | 6.32 % | |
| R2 | 36.80 | 3.91 % | ||
| R1 | 36.28 | 2.42 % | ||
| Current price: | 35.42 | |||
| Support | S1 | 34.56 | -2.42 % | |
| S2 | 34.04 | -3.91 % | ||
| S3 | 33.18 | -6.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 35.50 | 0.226 % | ||
| Current price | 35.42 | |||
| Support | S1 | 32.95 | -6.97% | |
| S2 | 32.33 | -8.72% | ||
| S3 | 30.83 | -12.96% |
FAQ
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