Euronext N.V. Stock Forecast
Euronext N.V. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Euronext N.V. stock price gained 0.752% on the last trading day (Friday, 10th May 2024), rising from 86.40€ to 87.05€. During the last trading day the stock fluctuated 0.752% from a day low at 86.40€ to a day high of 87.05€. The price has risen in 7 of the last 10 days and is up by 4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 thousand more shares were traded than the day before. In total, 193 thousand shares were bought and sold for approximately 16.81€ million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.99% during the next 3 months and, with a 90% probability hold a price between 87.17€ and 94.33€ at the end of this 3-month period.
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ENX.PA Signals & Forecast
Mostly positive signals in the chart today. The Euronext N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 85.92€ and 86.36€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 4.63%. 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 Euronext N.V. stock
Euronext N.V. finds support from accumulated volume at 86.50€ 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 0.650€ between high and low, or 0.752%. For the last week the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: 82.81€ (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ENX.PA) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Euronext N.V. to open at 86.83€, and during the day (based on 14 day Average True Range), to move between 85.89€ and 88.21€, which gives a possible trading interval of +/-1.16€ (+/-1.33%) up or down from last closing price. If Euronext N.V. takes out the full calculated possible swing range there will be an estimated 2.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 87.10€ (0.06%) than the support at 86.50€ (0.63%), 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.
Earnings coming up
Euronext N.V. will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.46. We will update the financials statements for Euronext N.V., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.73% in the first trading day after earnings release.
Is Euronext N.V. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Euronext N.V. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.392 Buy Candidate Upgraded
Predicted Opening Price for Euronext N.V. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 86.83€ ( 0.249%) | 87.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENX.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.48 | 0.498 % | |
| R2 | 87.24 | 0.213 % | ||
| R1 | 87.08 | 0.0363 % | ||
| Current price: | 87.05 | |||
| Support | S1 | 86.59 | -0.534 % | |
| S2 | 86.43 | -0.710 % | ||
| S3 | 86.18 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.15 | 1.26 % | |
| R2 | 87.25 | 0.230 % | ||
| R1 | 87.10 | 0.0574 % | ||
| Current price | 87.05 | |||
| Support | S1 | 86.50 | -0.632% | |
| S2 | 85.25 | -2.07% | ||
| S3 | 84.65 | -2.76% |
ENX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2023 | May 23, 2023 | May 23, 2023 | 2.22€ | 3.40% |
| 2 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 1.93€ | 2.55% |
| 3 | May 17, 2021 | May 17, 2021 | May 17, 2021 | 1.47€ | 1.71% |
| 4 | Feb 12, 2020 | May 20, 2020 | May 22, 2020 | 1.45€ | 1.88% |
| 5 | Feb 14, 2019 | May 22, 2019 | May 24, 2019 | 1.41€ | 2.19% |
FAQ
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