Bouygues SA Stock Forecast
Green day on Friday for Bouygues SA stock after gaining 0.92%
(Updated on May 03, 2024)
The Bouygues SA stock price gained 0.92% on the last trading day (Friday, 3rd May 2024), rising from 34.80€ to 35.12€. During the last trading day the stock fluctuated 1.06% from a day low at 34.91€ to a day high of 35.28€. The price has risen in 7 of the last 10 days but is still down by -2.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 179 thousand more shares were traded than the day before. In total, 790 thousand shares were bought and sold for approximately 27.75€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 34.70€ 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 7.07% during the next 3 months and, with a 90% probability hold a price between 37.15€ and 42.05€ 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 35.67€ and 36.72€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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 Bouygues SA stock
Bouygues SA finds support from accumulated volume at 34.61€ 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 0.370€ between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: 33.16€ (-5.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (EN.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bouygues SA to open at 35.10€, and during the day (based on 14 day Average True Range), to move between 34.51€ and 35.73€, which gives a possible trading interval of +/-0.605€ (+/-1.72%) up or down from last closing price. If Bouygues SA takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 34.61€ (1.45%) than the resistance at 36.57€ (4.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bouygues SA will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.370. We will update the financials statements for Bouygues SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is Bouygues SA stock A Buy?
Bouygues SA 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.
Current score: -0.837 Hold/Accumulate Unchanged
Predicted Opening Price for Bouygues SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 35.10€ ( 0.0475%) | 35.12€ |
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 | 35.47 | 1.01 % | |
| R2 | 35.33 | 0.604 % | ||
| R1 | 35.24 | 0.355 % | ||
| Current price: | 35.12 | |||
| Support | S1 | 34.96 | -0.450 % | |
| S2 | 34.87 | -0.699 % | ||
| S3 | 34.73 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.30 | 6.21 % | |
| R2 | 36.70 | 4.50 % | ||
| R1 | 36.57 | 4.13 % | ||
| Current price | 35.12 | |||
| Support | S1 | 34.61 | -1.45% | |
| S2 | 34.29 | -2.36% | ||
| S3 | 34.26 | -2.45% |
EN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 1.90€ | 5.42% |
| 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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