Électricite de Strasbourg Société Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Électricite de Strasbourg Société stock downgraded after the last trading session.
(Updated on May 20, 2024)
The Électricite de Strasbourg Société stock price fell by -0.412% on the last day (Monday, 20th May 2024) from 121.50€ to 121.00€. During the last trading day the stock fluctuated 0.83% from a day low at 120.00€ to a day high of 121.00€. The price has risen in 4 of the last 10 days and is up by 2.98% over the past 2 weeks. Volume has increased on the last day by 156 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, 205 shares were bought and sold for approximately 24.81€ thousand.
The stock lies in the upper part of a narrow 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 121.59€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.63% during the next 3 months and, with a 90% probability hold a price between 122.51€ and 127.22€ at the end of this 3-month period.
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ELEC.PA Signals & Forecast
The Électricite de Strasbourg Société stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 121.14€. On a fall, the stock will find some support from the long-term average at approximately 117.06€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -0.412%. Further fall is indicated until a new bottom pivot has been found. Électricite de Strasbourg Société 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.
A buy signal from a double bottom formation was found on Wednesday, March 20, 2024 with a target of 116.18€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Électricite de Strasbourg Société stock
Électricite de Strasbourg Société finds support from accumulated volume at 116.00€ 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 1.00€ (0.83%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: 117.77€ (-2.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ELEC.PA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Électricite de Strasbourg Société Anonyme to open at 120.67€, and during the day (based on 14 day Average True Range), to move between 119.24€ and 122.76€, which gives a possible trading interval of +/-1.76€ (+/-1.46%) up or down from last closing price. If Électricite de Strasbourg Société Anonyme takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 121.50€ (0.41%) than the support at 116.00€ (4.13%), 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 Électricite de Strasbourg Société Anonyme stock A Buy?
Électricite de Strasbourg Société 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: -0.063 Hold/Accumulate Downgraded
Predicted Opening Price for Électricite de Strasbourg Société Anonyme of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 120.67€ ( 0.275%) | 121.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELEC.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 121.67 | 0.551 % | |
| R2 | 121.28 | 0.235 % | ||
| R1 | 121.05 | 0.0402 % | ||
| Current price: | 121.00 | |||
| Support | S1 | 120.28 | -0.591 % | |
| S2 | 120.05 | -0.786 % | ||
| S3 | 119.67 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 121.50 | 0.413 % | ||
| Current price | 121.00 | |||
| Support | S1 | 116.00 | -4.13% | |
| S2 | 115.00 | -4.96% | ||
| S3 | 114.00 | -5.79% |
ELEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 02, 2024 | 8.60€ | 7.11% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 2.65€ | 2.96% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 5.80€ | 5.81% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 4.70€ | 4.09% |
| 5 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | 5.40€ | 5.05% |
FAQ
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