Fnac Darty SA Stock Forecast

Green day on Friday for Fnac Darty SA
(Updated on May 03, 2024)

FNAC.PA Signals & Forecast

The Fnac Darty SA 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 32.56€ and 29.96€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Fnac Darty SA 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.78%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Fnac Darty SA stock

Fnac Darty SA finds support from accumulated volume at 32.30€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 1.00€ between high and low, or 3.09%. For the last week, the stock has had daily average volatility of 2.40%.

Our recommended stop-loss: 31.80€ (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (FNAC.PA) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Fnac Darty SA to open at 32.97€, and during the day (based on 14 day Average True Range), to move between 32.26€ and 34.14€, which gives a possible trading interval of +/-0.94€ (+/-2.85%) up or down from last closing price. If Fnac Darty SA takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 33.80€ (1.81%) than the support at 32.30€ (2.71%), 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.

Is Fnac Darty SA 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 Fnac Darty SA stock to perform well in the short-term.

Current score: 2.296 Buy Candidate Unchanged

Predicted Opening Price for Fnac Darty SA of Monday, May 6, 2024

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