AXA SA Stock Forecast
Red day on Thursday for AXA SA
(Updated on Apr 25, 2024)
The AXA SA stock price fell by -1.31% on the last day (Thursday, 25th Apr 2024) from 34.25€ to 33.80€. During the last trading day the stock fluctuated 1.96% from a day low at 33.66€ to a day high of 34.32€. The price has risen in 7 of the last 10 days and is up by 1.05% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -999 thousand shares and in total, 4 million shares were bought and sold for approximately 144.13€ million.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 33.74€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.11% during the next 3 months and, with a 90% probability hold a price between 38.84€ and 40.58€ at the end of this 3-month period.
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CS.PA Signals & Forecast
There are few to no technical positive signals at the moment. The AXA SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 34.07€ and 34.09€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -3.21%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for AXA SA stock
AXA SA finds support from accumulated volume at 33.46€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.660€ between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CS.PA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect AXA SA to open at 33.93€, and during the day (based on 14 day Average True Range), to move between 33.20€ and 34.40€, which gives a possible trading interval of +/-0.597€ (+/-1.77%) up or down from last closing price. If AXA SA takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 33.82€ (0.06%) than the support at 33.46€ (1.01%), 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 AXA SA stock A Buy?
The AXA SA stock holds several negative signals and despite the positive trend, we believe AXA SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.982 Sell Candidate Unchanged
Predicted Opening Price for AXA SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 33.93€ ( 0.375%) | 33.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CS.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.59 | 2.33 % | |
| R2 | 34.33 | 1.58 % | ||
| R1 | 34.18 | 1.12 % | ||
| Current price: | 33.80 | |||
| Support | S1 | 33.67 | -0.371 % | |
| S2 | 33.52 | -0.83 % | ||
| S3 | 33.27 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.33 | 1.57 % | |
| R2 | 34.33 | 1.55 % | ||
| R1 | 33.82 | 0.0592 % | ||
| Current price | 33.80 | |||
| Support | S1 | 33.46 | -1.01% | |
| S2 | 32.88 | -2.72% | ||
| S3 | 30.64 | -9.36% |
CS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 06, 2024 | 1.98€ | 5.85% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 1.70€ | 6.15% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | 1.54€ | 6.76% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | 1.43€ | 6.29% |
| 5 | Feb 20, 2020 | Jul 07, 2020 | Jul 09, 2020 | 0.730€ | 4.07% |
FAQ
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