Edenred SA Stock Forecast
Red day on Thursday for Edenred SA stock after losing 1.38%
(Updated on Apr 25, 2024)
The Edenred SA stock price fell by -1.38% on the last day (Thursday, 25th Apr 2024) from 45.65€ to 45.02€. During the last trading day the stock fluctuated 1.25% from a day low at 44.90€ to a day high of 45.46€. The price has risen in 6 of the last 10 days but is still down by -0.55% for this period. Volume has increased on the last day by 117 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, 574 thousand shares were bought and sold for approximately 25.82€ million.
The stock lies in the middle of a 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 -18.40% during the next 3 months and, with a 90% probability hold a price between 35.09€ and 39.52€ 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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EDEN.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Edenred 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 45.20€ and 47.87€. A break-up above any of these levels will issue buy signals. 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 Edenred SA stock
Edenred SA finds support from accumulated volume at 44.89€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.560€ between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 4.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDEN.PA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Edenred SA to open at 45.13€, and during the day (based on 14 day Average True Range), to move between 43.62€ and 46.42€, which gives a possible trading interval of +/-1.40€ (+/-3.11%) up or down from last closing price. If Edenred SA takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 44.89€ (0.29%) than the resistance at 45.66€ (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Edenred SA stock A Buy?
Edenred SA 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.
Current score: -2.215 Sell Candidate Unchanged
Predicted Opening Price for Edenred SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 45.13€ ( 0.237%) | 45.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDEN.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.69 | 1.48 % | |
| R2 | 45.47 | 1.01 % | ||
| R1 | 45.34 | 0.712 % | ||
| Current price: | 45.02 | |||
| Support | S1 | 44.91 | -0.238 % | |
| S2 | 44.78 | -0.532 % | ||
| S3 | 44.57 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.90 | 10.84 % | |
| R2 | 47.05 | 4.51 % | ||
| R1 | 45.66 | 1.42 % | ||
| Current price | 45.02 | |||
| Support | S1 | 44.89 | -0.289% | |
| S2 | 44.76 | -0.578% | ||
| S3 | 43.71 | -2.91% |
EDEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 12, 2024 | 1.10€ | 2.44% |
| 2 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | 1.00€ | 1.65% |
| 3 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | 0.90€ | 2.00% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | 0.750€ | 1.63% |
| 5 | Feb 26, 2020 | May 13, 2020 | Jun 05, 2020 | 0.700€ | 1.62% |
FAQ
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