Société de la Tour Eiffel Stock Forecast
Evaluation of Société de la Tour Eiffel stock downgraded after the last trading session.
(Updated on May 31, 2024)
The Société de la Tour Eiffel stock price fell by -0.90% on the last day (Friday, 31st May 2024) from 11.10€ to 11.00€. During the last trading day the stock fluctuated 1.36% from a day low at 11.00€ to a day high of 11.15€. The price has risen in 4 of the last 10 days and is up by 4.76% over the past 2 weeks. Volume has increased on the last day by 167 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, 836 shares were bought and sold for approximately 9.20€ thousand.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 11.12€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.88% during the next 3 months and, with a 90% probability hold a price between 11.00€ and 12.21€ at the end of this 3-month period.
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EIFF.PA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -0.90%. 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). Société de la Tour Eiffel gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Société de la Tour Eiffel stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 10.92€ and 10.38€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Société de la Tour Eiffel stock
Société de la Tour Eiffel finds support from accumulated volume at 10.60€ 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 0.150€ between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: 10.64€ (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (EIFF.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Société de la Tour Eiffel to open at 11.05€, and during the day (based on 14 day Average True Range), to move between 10.75€ and 11.25€, which gives a possible trading interval of +/-0.248€ (+/-2.25%) up or down from last closing price. If Société de la Tour Eiffel takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.05€ (0.45%) than the support at 10.60€ (3.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Société de la Tour Eiffel stock A Buy?
Société de la Tour Eiffel holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.045 Hold/Accumulate Downgraded
Predicted Opening Price for Société de la Tour Eiffel of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 11.05€ ( 0.455%) | 11.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIFF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.20 | 1.82 % | |
| R2 | 11.14 | 1.30 % | ||
| R1 | 11.11 | 0.98 % | ||
| Current price: | 11.00 | |||
| Support | S1 | 10.99 | -0.0664 % | |
| S2 | 10.96 | -0.388 % | ||
| S3 | 10.90 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.30 | 2.73 % | |
| R2 | 11.10 | 0.91 % | ||
| R1 | 11.05 | 0.455 % | ||
| Current price | 11.00 | |||
| Support | S1 | 10.60 | -3.64% | |
| S2 | 10.20 | -7.27% | ||
| S3 | 9.88 | -10.18% |
EIFF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | 0.750€ | 4.72% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | 1.50€ | 6.36% |
| 3 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | 0.306€ | 0.99% |
| 4 | Apr 22, 2020 | Jun 11, 2020 | Jun 15, 2020 | 1.13€ | 3.55% |
| 5 | Mar 13, 2019 | May 31, 2019 | Jun 28, 2019 | 3.00€ | 8.11% |
FAQ
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