EssilorLuxottica Société anonyme Stock Forecast
Green day on Tuesday for EssilorLuxottica Société anonyme stock after gaining 0.89%
(Updated on Apr 23, 2024)
The EssilorLuxottica Société anonyme stock price gained 0.89% on the last trading day (Tuesday, 23rd Apr 2024), rising from 203.00€ to 204.80€. During the last trading day the stock fluctuated 0.89% from a day low at 203.00€ to a day high of 204.80€. The price has fallen in 6 of the last 10 days but is still up by 0.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 98 thousand more shares were traded than the day before. In total, 454 thousand shares were bought and sold for approximately 92.98€ million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 203.12€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.70% during the next 3 months and, with a 90% probability hold a price between 235.01€ and 253.39€ at the end of this 3-month period.
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EL.PA Signals & Forecast
There are mixed signals in the stock today. The EssilorLuxottica Société anonyme stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 205.76€. On a fall, the stock will find some support from the short-term average at 203.44€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -2.87%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for EssilorLuxottica Société anonyme stock
EssilorLuxottica Société anonyme finds support from accumulated volume at 203.30€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.80€ between high and low, or 0.89%. For the last week the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EL.PA) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect EssilorLuxottica Société anonyme to open at 204.20€, and during the day (based on 14 day Average True Range), to move between 200.59€ and 209.01€, which gives a possible trading interval of +/-4.21€ (+/-2.06%) up or down from last closing price. If EssilorLuxottica Société anonyme takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 205.60€ (0.39%) than the support at 203.30€ (0.73%), 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 EssilorLuxottica Société anonyme stock A Buy?
EssilorLuxottica Société anonyme 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: -2.052 Sell Candidate Unchanged
Predicted Opening Price for EssilorLuxottica Société anonyme of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 204.20€ ( 0.293%) | 204.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EL.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 206.00 | 0.586 % | |
| R2 | 205.31 | 0.250 % | ||
| R1 | 204.89 | 0.0428 % | ||
| Current price: | 204.80 | |||
| Support | S1 | 203.51 | -0.629 % | |
| S2 | 203.09 | -0.84 % | ||
| S3 | 202.40 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 209.30 | 2.20 % | |
| R2 | 206.90 | 1.03 % | ||
| R1 | 205.60 | 0.391 % | ||
| Current price | 204.80 | |||
| Support | S1 | 203.30 | -0.732% | |
| S2 | 196.16 | -4.22% | ||
| S3 | 188.12 | -8.14% |
EL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | Jun 03, 2024 | 3.95€ | 1.93% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 3.23€ | 1.79% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 2.51€ | 1.65% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 1.08€ | 0.757% |
| 5 | Dec 23, 2020 | Dec 23, 2020 | Dec 23, 2020 | 1.15€ | 0.90% |
FAQ
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