Lisi S.A. Stock Forecast

Green day on Thursday for Lisi S.A. stock after gaining 1.54%
(Updated on May 09, 2024)

FII.PA Signals & Forecast

The Lisi S.A. 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 25.30€ and 24.48€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.98%. 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). Lisi S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Wednesday, December 06, 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 Lisi S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 24.00€ and 23.70€. 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, Lisi S.A. finds support just below today's level at 24.00€. If this is broken, then the next support from accumulated volume will be at 23.70€ and 23.55€.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.600€ (2.32%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.

The Lisi S.A. stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 25.39€ (-4.02%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (FII.PA) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Lisi S.A. to open at 26.28€, and during the day (based on 14 day Average True Range), to move between 26.00€ and 26.90€, which gives a possible trading interval of +/-0.446€ (+/-1.69%) up or down from last closing price. If Lisi S.A. takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 24.00€, some 2.45€ (9.26%) from the current price of 26.45€, our system finds the risk reward attractive.

Is Lisi S.A. stock A Buy?

Lisi S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Lisi S.A. of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.