AXA SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AXA SA stock price down 1.38% on Friday
(Updated on May 03, 2024)
The AXA SA stock price fell by -1.38% on the last day (Friday, 3rd May 2024) from 31.87€ to 31.43€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.92% from a day low at 30.50€ to a day high of 32.00€. The price has been going up and down for this period, and there has been a -7.07% loss for the last 2 weeks. Volume has increased on the last day by 587 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately 176.38€ million.
Given the current short-term trend, the stock is expected to rise 10.94% during the next 3 months and, with a 90% probability hold a price between 34.87€ and 39.19€ 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 33.12€ and 34.01€. 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 -9.99%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for AXA SA stock
AXA SA finds support from accumulated volume at 30.98€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.50€ (4.92%) between high and low. For the last week, the stock has had daily average volatility of 2.15%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect AXA SA to open at 31.31€, and during the day (based on 14 day Average True Range), to move between 30.70€ and 32.16€, which gives a possible trading interval of +/-0.733€ (+/-2.33%) up or down from last closing price. If AXA SA takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 30.98€ (1.43%) than the resistance at 32.88€ (4.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.134 Sell Candidate Unchanged
Predicted Opening Price for AXA SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 31.31€ ( 0.382%) | 31.43€ |
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 | 32.81 | 4.39 % | |
| R2 | 32.24 | 2.57 % | ||
| R1 | 31.88 | 1.44 % | ||
| Current price: | 31.43 | |||
| Support | S1 | 30.74 | -2.20 % | |
| S2 | 30.38 | -3.33 % | ||
| S3 | 29.81 | -5.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.33 | 9.21 % | |
| R2 | 33.82 | 7.60 % | ||
| R1 | 32.88 | 4.61 % | ||
| Current price | 31.43 | |||
| Support | S1 | 30.98 | -1.43% | |
| S2 | 30.64 | -2.53% | ||
| S3 | 30.63 | -2.55% |
CS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 06, 2024 | 1.98€ | 6.32% |
| 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€ | 6.75% |
| 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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