Eutelsat Communications S.A. Stock Forecast
Weaker technical forecast for Eutelsat Communications S.A. as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Eutelsat Communications S.A. stock price fell by -0.87% on the last day (Tuesday, 25th Jun 2024) from 3.91€ to 3.88€. During the last trading day the stock fluctuated 3.11% from a day low at 3.80€ to a day high of 3.92€. The price has been going up and down for this period, and there has been a 0.94% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 89 thousand shares were bought and sold for approximately 346.60€ thousand.
The stock lies in the lower part of a very 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 3.71€ 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 6.17% during the next 3 months and, with a 90% probability hold a price between 3.94€ and 5.03€ at the end of this 3-month period.
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ETL.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 5.38%. 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 Eutelsat Communications S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 4.13€. On a fall, the stock will find some support from the short-term average at 3.86€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Eutelsat Communications S.A. stock
Eutelsat Communications S.A. finds support from accumulated volume at 3.86€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.118€ between high and low, or 3.11%. For the last week the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETL.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Eutelsat Communications S.A. to open at 3.87€, and during the day (based on 14 day Average True Range), to move between 3.74€ and 4.02€, which gives a possible trading interval of +/-0.137€ (+/-3.54%) up or down from last closing price. If Eutelsat Communications S.A. takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3.86€ (0.36%) than the resistance at 4.04€ (4.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eutelsat Communications S.A. stock A Buy?
Eutelsat Communications S.A. holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -2.597 Sell Candidate Downgraded
Predicted Opening Price for Eutelsat Communications S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 3.87€ ( 0.327%) | 3.88€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETL.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.98 | 2.72% |
| R2 | 3.94 | 1.55% |
| R1 | 3.91 | 0.84% |
| Price | 3.88 | |
| S1 | 3.82 | -1.49% |
| S2 | 3.79 | -2.21% |
| S3 | 3.75 | -3.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.63 | 19.44% |
| R2 | 4.07 | 4.90% |
| R1 | 4.04 | 4.28% |
| Price | 3.88 | |
| S1 | 3.86 | -0.361% |
| S2 | 3.83 | -1.13% |
| S3 | 3.81 | -1.86% |
ETL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | 0.93€ | 11.56% |
| 2 | Nov 16, 2021 | Nov 16, 2021 | Nov 16, 2021 | 0.93€ | 7.85% |
| 3 | Nov 20, 2020 | Nov 20, 2020 | Nov 20, 2020 | 0.89€ | 9.65% |
| 4 | Jul 31, 2019 | Nov 21, 2019 | Nov 25, 2019 | 1.27€ | 8.45% |
| 5 | Aug 01, 2018 | Nov 20, 2018 | Nov 22, 2018 | 1.27€ | 7.49% |
FAQ
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