Dassault Systèmes SE Stock Forecast
Weaker technical forecast for Dassault Systèmes SE as stock downgraded to Strong Sell Candidate.
(Updated on Jun 21, 2024)
The Dassault Systèmes SE stock price fell by -1.31% on the last day (Friday, 21st Jun 2024) from 35.01€ to 34.55€. During the last trading day the stock fluctuated 1.89% from a day low at 34.44€ to a day high of 35.09€. The price has fallen in 6 of the last 10 days and is down by -6.97% for this period. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately 120.76€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 34.01€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.79% during the next 3 months and, with a 90% probability hold a price between 30.34€ and 34.08€ 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.
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DSY.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Dassault Systèmes SE 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 35.28€ and 37.34€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -13.28%. 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 Dassault Systèmes SE stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.650€ between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DSY.PA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Dassault Systèmes SE to open at 34.69€, and during the day (based on 14 day Average True Range), to move between 33.78€ and 35.32€, which gives a possible trading interval of +/-0.774€ (+/-2.24%) up or down from last closing price. If Dassault Systèmes SE takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 37.07€, some 2.52€ (7.29%) from the current price of 34.55€, our system finds the risk reward not very attractive.
Is Dassault Systèmes SE stock A Buy?
Dassault Systèmes SE holds several negative signals and is within a wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -5.042 Strong Sell Candidate Downgraded
Predicted Opening Price for Dassault Systèmes SE of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 34.69€ ( 0.415%) | 34.55€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DSY.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.34 | 2.30% |
| R2 | 35.10 | 1.58% |
| R1 | 34.94 | 1.13% |
| Price | 34.55 | |
| S1 | 34.45 | -0.304% |
| S2 | 34.29 | -0.748% |
| S3 | 34.04 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 39.84 | 15.31% |
| R2 | 37.29 | 7.93% |
| R1 | 37.07 | 7.29% |
| Price | 34.55 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
DSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | May 29, 2024 | 0.230€ | 0.605% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | 0.210€ | 0.521% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.170€ | 0.441% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 0.112€ | 0.297% |
| 5 | Mar 20, 2020 | May 28, 2020 | Jun 02, 2020 | 0.140€ | 0.468% |
FAQ
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