Elior Group S.A. Stock Forecast
Elior Group S.A. stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)
The Elior Group S.A. stock price fell by -4.74% on the last day (Friday, 14th Jun 2024) from 3.25€ to 3.09€. During the last trading day the stock fluctuated 7.50% from a day low at 3.01€ to a day high of 3.24€. The price has fallen in 7 of the last 10 days and is down by -15.89% for this period. Volume has increased on the last day by 498 thousand 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, 1 million shares were bought and sold for approximately 3.80€ million.
Given the current short-term trend, the stock is expected to rise 60.46% during the next 3 months and, with a 90% probability hold a price between 4.96€ and 6.86€ at the end of this 3-month period.
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ELIOR.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Elior Group S.A. 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 3.43€ and 3.25€. 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 20, 2024, and so far it has fallen -18.20%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Elior Group S.A. stock
Elior Group S.A. finds support from accumulated volume at 3.04€ 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 0.226€ between high and low, or 7.50%. For the last week, the stock has had daily average volatility of 5.61%.
Elior Group S.A. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELIOR.PA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Elior Group S.A. to open at 3.12€, and during the day (based on 14 day Average True Range), to move between 2.94€ and 3.25€, which gives a possible trading interval of +/-0.156€ (+/-5.04%) up or down from last closing price. If Elior Group S.A. takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.04€ (1.75%) than the resistance at 3.75€ (21.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Elior Group S.A. stock A Buy?
The Elior Group S.A. stock holds several negative signals and despite the positive trend, we believe Elior Group S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -4.567 Sell Candidate Downgraded
Predicted Opening Price for Elior Group S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 3.12€ ( 0.755%) | 3.09€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELIOR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.34 | 8.06% |
| R2 | 3.26 | 5.27% |
| R1 | 3.20 | 3.55% |
| Price | 3.09 | |
| S1 | 3.03 | -2.04% |
| S2 | 2.98 | -3.76% |
| S3 | 2.89 | -6.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.78 | 22.25% |
| R2 | 3.75 | 21.41% |
| R1 | 3.75 | 21.28% |
| Price | 3.09 | |
| S1 | 3.04 | -1.75% |
| S2 | 2.41 | -22.12% |
| S3 | 2.34 | -24.26% |
ELIOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 13, 2020 | Apr 07, 2020 | Apr 09, 2020 | 0.290€ | 4.38% |
| 2 | Feb 15, 2019 | Mar 27, 2019 | Apr 16, 2019 | 0.340€ | 2.77% |
| 3 | Dec 06, 2017 | Mar 16, 2018 | Apr 17, 2018 | 0.420€ | 2.49% |
| 4 | Dec 09, 2016 | Apr 10, 2017 | Apr 12, 2017 | 0.420€ | 1.93% |
| 5 | Dec 11, 2015 | Apr 11, 2016 | Apr 13, 2016 | 0.320€ | 1.70% |
FAQ
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