Edenred SA Stock Forecast

Red day on Friday for Edenred SA
(Updated on May 24, 2024)

EDEN.PA Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. On corrections up, there will be some resistance from the lines at 46.40€ and 46.14€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -6.44%. Further fall is indicated until a new bottom pivot has been found. 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 44.76€ 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 0.560€ (1.25%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.

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 Monday 27th

For the upcoming trading day on Monday, 27th we expect Edenred SA to open at 45.05€, and during the day (based on 14 day Average True Range), to move between 43.90€ and 45.82€, which gives a possible trading interval of +/-0.96€ (+/-2.14%) up or down from last closing price. If Edenred SA takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 44.76€ (0.22%) than the resistance at 45.66€ (1.78%), 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: -3.689 Sell Candidate Unchanged

Predicted Opening Price for Edenred SA of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.