ENGIE SA Stock Forecast
ENGIE SA stock price fell more than -6.48% Thursday closing at 15.22€
(Updated on May 02, 2024)
The ENGIE SA stock price fell by -6.48% on the last day (Thursday, 2nd May 2024) from 16.27€ to 15.22€. During the last trading day the stock fluctuated 2.78% from a day low at 14.92€ to a day high of 15.33€. The price has risen in 8 of the last 10 days but is still down by -3.27% for this period. Volume has increased on the last day by 2 million 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, 12 million shares were bought and sold for approximately 175.04€ million.
Given the current short-term trend, the stock is expected to rise 12.79% during the next 3 months and, with a 90% probability hold a price between 17.16€ and 18.39€ at the end of this 3-month period.
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ENGI.PA Signals & Forecast
There are few to no technical positive signals at the moment. The ENGIE SA 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 16.00€ and 15.64€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -6.48%. 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. The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for ENGIE SA stock
ENGIE SA finds support from accumulated volume at 14.84€ 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 0.415€ between high and low, or 2.78%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENGI.PA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect ENGIE SA to open at 15.15€, and during the day (based on 14 day Average True Range), to move between 14.93€ and 15.50€, which gives a possible trading interval of +/-0.287€ (+/-1.89%) up or down from last closing price. If ENGIE SA takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.38€ (1.08%) than the support at 14.84€ (2.46%), 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 ENGIE SA stock A Buy?
The ENGIE SA stock holds several negative signals and despite the positive trend, we believe ENGIE SA 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 Strong Buy to a Sell candidate.
Current score: -4.500 Sell Candidate Downgraded
Predicted Opening Price for ENGIE SA of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 15.15€ ( 0.405%) | 15.22€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENGI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.57 | 2.32 % | |
| R2 | 15.41 | 1.28 % | ||
| R1 | 15.31 | 0.637 % | ||
| Current price: | 15.22 | |||
| Support | S1 | 14.99 | -1.45 % | |
| S2 | 14.90 | -2.09 % | ||
| S3 | 14.74 | -3.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.27 | 6.93 % | |
| R2 | 15.73 | 3.38 % | ||
| R1 | 15.38 | 1.08 % | ||
| Current price | 15.22 | |||
| Support | S1 | 14.84 | -2.46% | |
| S2 | 14.75 | -3.03% | ||
| S3 | 14.10 | -7.33% |
ENGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 1.43€ | 9.38% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | 1.40€ | 9.64% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | 0.85€ | 7.62% |
| 4 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 0.85€ | 7.35% |
| 5 | May 24, 2021 | May 24, 2021 | May 24, 2021 | 0.530€ | 4.19% |
FAQ
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