Esso S.A.F. Stock Forecast
On Friday, Esso S.A.F. stock price gained an impressive 6.76%
(Updated on May 17, 2024)
The Esso S.A.F. stock price gained 6.76% on the last trading day (Friday, 17th May 2024), rising from 180.40€ to 192.60€. During the last trading day the stock fluctuated 7.66% from a day low at 180.20€ to a day high of 194.00€. The price has risen in 7 of the last 10 days and is up by 14.1% 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, 25 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately 9.60€ million.
The stock lies in the middle of a wide and strong 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 190.23% during the next 3 months and, with a 90% probability hold a price between 545.27€ and 599.93€ at the end of this 3-month period.
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ES.PA Signals & Forecast
The Esso S.A.F. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 184.11€ and 160.45€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 16.16%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Esso S.A.F. stock
On the downside, the stock finds support just below today's level from accumulated volume at 178.80€ and 165.80€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Esso S.A.F. finds support just below today's level at 178.80€. If this is broken, then the next support from accumulated volume will be at 165.80€ and 151.80€.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 13.80€ between high and low, or 7.66%. For the last week, the stock has had daily average volatility of 6.05%.
Our recommended stop-loss: 185.51€ (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ES.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Esso S.A.F. to open at 188.93€, and during the day (based on 14 day Average True Range), to move between 183.25€ and 201.95€, which gives a possible trading interval of +/-9.35€ (+/-4.86%) up or down from last closing price. If Esso S.A.F. takes out the full calculated possible swing range there will be an estimated 9.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 178.80€, some 13.80€ (7.17%) from the current price of 192.60€, our system finds the risk reward attractive.
Is Esso S.A.F. stock A Buy?
Esso S.A.F. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 7.437 Strong Buy Candidate Upgraded
Predicted Opening Price for Esso S.A.F. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 188.93€ ( 1.90%) | 192.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ES.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 202.73 | 5.26 % | |
| R2 | 197.46 | 2.52 % | ||
| R1 | 194.20 | 0.83 % | ||
| Current price: | 192.60 | |||
| Support | S1 | 183.66 | -4.64 % | |
| S2 | 180.40 | -6.33 % | ||
| S3 | 175.13 | -9.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 192.60 | |||
| Support | S1 | 178.80 | -7.17% | |
| S2 | 165.80 | -13.91% | ||
| S3 | 151.80 | -21.18% |
ES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Jul 10, 2024 | 15.00€ | 7.79% |
| 2 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | 2.00€ | 4.01% |
| 3 | Mar 22, 2018 | Jul 10, 2018 | Jul 12, 2018 | 1.50€ | 3.19% |
| 4 | Mar 21, 2013 | Jul 08, 2013 | Jul 11, 2013 | 2.00€ | 4.17% |
| 5 | Mar 22, 2012 | Jul 09, 2012 | Jul 12, 2012 | 2.00€ | 3.47% |
FAQ
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