Bouygues SA Stock Forecast
Red day on Wednesday for Bouygues SA stock after losing 0.599%
(Updated on Apr 24, 2024)
The Bouygues SA stock price fell by -0.599% on the last day (Wednesday, 24th Apr 2024) from 36.71€ to 36.49€. During the last trading day the stock fluctuated 1.13% from a day low at 36.43€ to a day high of 36.84€. The price has risen in 6 of the last 10 days and is up by 1.14% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -168 thousand shares and in total, 493 thousand shares were bought and sold for approximately 18.01€ 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 35.97€ 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 10.49% during the next 3 months and, with a 90% probability hold a price between 39.74€ and 43.54€ at the end of this 3-month period.
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EN.PA Signals & Forecast
There are mixed signals in the stock today. The Bouygues SA 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 36.90€. On a fall, the stock will find some support from the short-term average at 36.23€. 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 Thursday, March 21, 2024, and so far it has fallen -4.18%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Bouygues SA stock
Bouygues SA finds support from accumulated volume at 36.15€ 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 0.410€ (1.13%) between high and low. For the last week, the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EN.PA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Bouygues SA to open at 36.59€, and during the day (based on 14 day Average True Range), to move between 35.99€ and 36.99€, which gives a possible trading interval of +/-0.503€ (+/-1.38%) up or down from last closing price. If Bouygues SA takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 36.57€ (0.22%) than the support at 36.15€ (0.93%), 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 Bouygues SA stock A Buy?
Bouygues SA 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: -2.075 Sell Candidate Unchanged
Predicted Opening Price for Bouygues SA of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
36.59€ ( 0.265%) | 36.49€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EN.PA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.00 | 1.39 % | |
R2 | 36.84 | 0.96 % | ||
R1 | 36.74 | 0.694 % | ||
Current price: | 36.49 | |||
Support | S1 | 36.43 | -0.164 % | |
S2 | 36.33 | -0.429 % | ||
S3 | 36.18 | -0.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.30 | 2.22 % | |
R2 | 36.70 | 0.576 % | ||
R1 | 36.57 | 0.219 % | ||
Current price | 36.49 | |||
Support | S1 | 36.15 | -0.93% | |
S2 | 34.26 | -6.11% | ||
S3 | 33.98 | -6.88% |
EN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 1.90€ | 5.21% |
2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | 1.80€ | 5.74% |
3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 1.80€ | 5.82% |
4 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 1.70€ | 4.97% |
5 | Feb 20, 2020 | Sep 09, 2020 | Sep 11, 2020 | 1.70€ | 5.25% |
FAQ
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