Edenred Malakoff Unsp Adr Stock Forecast
Red day on Thursday for Edenred Malakoff Unsp Adr stock after losing 0%
(Updated on May 02, 2024)
No changes to the price of Edenred Malakoff Unsp Adr stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 5.43% from a day low at $23.00 to a day high of $24.25. The price has risen in 5 of the last 10 days but is still down by -4.76% for this period.
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 -17.59% during the next 3 months and, with a 90% probability hold a price between $18.33 and $21.25 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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EDNMY Signals & Forecast
There are mixed signals in the stock today. The Edenred Malakoff Unsp Adr 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 $24.06 and $25.43. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.12%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Edenred Malakoff Unsp Adr stock
Edenred Malakoff Unsp Adr finds support from accumulated volume at $23.85 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 $1.25 between high and low, or 5.43%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDNMY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Edenred Malakoff Unsp Adr to open at $23.75, and during the day (based on 14 day Average True Range), to move between $23.00 and $25.00, which gives a possible trading interval of +/-$1.00 (+/-4.18%) up or down from last closing price. If Edenred Malakoff Unsp Adr takes out the full calculated possible swing range there will be an estimated 8.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.85 (0.62%) than the resistance at $26.10 (8.75%), 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 Malakoff Unsp Adr stock A Buy?
Edenred Malakoff Unsp Adr holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.389 Sell Candidate Unchanged
Predicted Opening Price for Edenred Malakoff Unsp Adr of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $23.75 ( 1.04%) | $24.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDNMY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.00 | 4.17 % | |
| R2 | 24.52 | 2.18 % | ||
| R1 | 24.23 | 0.95 % | ||
| Current price: | 24.00 | |||
| Support | S1 | 23.27 | -3.03 % | |
| S2 | 22.98 | -4.26 % | ||
| S3 | 22.50 | -6.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.25 | 13.54 % | |
| R2 | 26.50 | 10.42 % | ||
| R1 | 26.10 | 8.75 % | ||
| Current price | 24.00 | |||
| Support | S1 | 23.85 | -0.625% | |
| S2 | 23.75 | -1.04% | ||
| S3 | 23.70 | -1.25% |
EDNMY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2023 | Jun 05, 2023 | Jun 26, 2023 | $0.548 | 1.69% |
| 2 | Jun 01, 2022 | Jun 03, 2022 | Jun 24, 2022 | $0.475 | 2.00% |
| 3 | Apr 29, 2021 | May 12, 2021 | Jun 24, 2021 | $0.455 | 1.51% |
| 4 | May 22, 2020 | May 22, 2020 | Jun 22, 2020 | $0.380 | 1.73% |
| 5 | May 09, 2019 | May 16, 2019 | Jul 02, 2019 | $0.481 | 1.87% |
FAQ
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