Eurofins Scientific SE Stock Forecast
Eurofins Scientific SE stock downgraded to Strong Sell Candidate
(Updated on Jul 02, 2024)
The Eurofins Scientific SE stock price fell by -2.74% on the last day (Tuesday, 2nd Jul 2024) from 45.95€ to 44.69€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.45% from a day low at 43.72€ to a day high of 45.23€. The price has fallen in 7 of the last 10 days and is down by -16.19% for this period. Volume has increased on the last day by 286 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, 813 thousand shares were bought and sold for approximately 36.33€ million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 43.06€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.37% during the next 3 months and, with a 90% probability hold a price between 35.15€ and 44.29€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ERF.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.06%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eurofins Scientific SE 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 45.99€ and 53.71€. A break-up above any of these levels will issue buy signals. 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 Eurofins Scientific SE stock
Eurofins Scientific SE finds support from accumulated volume at 44.22€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 1.51€ between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ERF.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Eurofins Scientific SE to open at 44.55€, and during the day (based on 14 day Average True Range), to move between 42.67€ and 46.71€, which gives a possible trading interval of +/-2.02€ (+/-4.53%) up or down from last closing price. If Eurofins Scientific SE takes out the full calculated possible swing range there will be an estimated 9.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 44.22€ (1.05%) than the resistance at 46.00€ (2.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eurofins Scientific SE stock A Buy?
Eurofins Scientific SE holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.
Current score: -5.256 Strong Sell Candidate Downgraded
Predicted Opening Price for Eurofins Scientific SE of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 44.55€ ( 0.321%) | 44.69€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.06 | 3.06% |
| R2 | 45.48 | 1.77% |
| R1 | 45.12 | 0.97% |
| Price | 44.69 | |
| S1 | 43.97 | -1.61% |
| S2 | 43.61 | -2.41% |
| S3 | 43.04 | -3.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.36 | 23.88% |
| R2 | 47.50 | 6.29% |
| R1 | 46.00 | 2.93% |
| Price | 44.69 | |
| S1 | 44.22 | -1.05% |
| S2 | 0 | - |
| S3 | 0 | - |
ERF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 03, 2024 | Jul 03, 2024 | Jul 05, 2024 | 0.500€ | 1.12% |
| 2 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 1.00€ | 1.72% |
| 3 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | 1.00€ | 1.37% |
| 4 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | 0.680€ | 0.712% |
| 5 | Mar 05, 2019 | Jul 03, 2019 | Jul 05, 2019 | 0.288€ | 0.716% |
FAQ
Click here for our free guide on how to buy Eurofins Scientific SE Stock.
