Valeo SA Stock Forecast
Valeo SA stock price ended at 12.25€ on Wednesday, after losing 1.45%.
(Updated on May 08, 2024)
The Valeo SA stock price fell by -1.45% on the last day (Wednesday, 8th May 2024) from 12.43€ to 12.25€. During the last trading day the stock fluctuated 2.52% from a day low at 12.08€ to a day high of 12.39€. The price has been going up and down for this period, and there has been a 0.57% 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 -182 thousand shares and in total, 998 thousand shares were bought and sold for approximately 12.23€ 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 13.87% during the next 3 months and, with a 90% probability hold a price between 13.29€ and 15.21€ at the end of this 3-month period.
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FR.PA Signals & Forecast
The Valeo 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 12.17€ and 11.96€. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 11, 2024, and so far it has fallen -4.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Valeo SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 11.13€ and 10.93€. 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, Valeo SA finds support just below today's level at 11.13€. If this is broken, then the next support from accumulated volume will be at 10.93€ and 10.50€.
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 0.305€ between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: 11.75€ (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (FR.PA) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Valeo SA to open at 12.24€, and during the day (based on 14 day Average True Range), to move between 11.82€ and 12.68€, which gives a possible trading interval of +/-0.430€ (+/-3.51%) up or down from last closing price. If Valeo SA takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 12.42€ (1.39%) than the support at 11.13€ (9.18%), 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 Valeo 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 Valeo SA stock to perform well in the short-term.
Current score: 2.922 Buy Candidate Unchanged
Predicted Opening Price for Valeo SA of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| 12.24€ ( 0.0952%) | 12.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.54 | 2.39 % | |
| R2 | 12.43 | 1.44 % | ||
| R1 | 12.35 | 0.86 % | ||
| Current price: | 12.25 | |||
| Support | S1 | 12.12 | -1.05 % | |
| S2 | 12.05 | -1.63 % | ||
| S3 | 11.93 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.87 | 5.06 % | |
| R2 | 12.78 | 4.33 % | ||
| R1 | 12.42 | 1.39 % | ||
| Current price | 12.25 | |||
| Support | S1 | 11.13 | -9.18% | |
| S2 | 10.93 | -10.82% | ||
| S3 | 10.50 | -14.29% |
FR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 30, 2024 | 0.400€ | 3.28% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | 0.380€ | 2.01% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | 0.350€ | 1.76% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | 0.300€ | 1.11% |
| 5 | Feb 20, 2020 | Jun 29, 2020 | Jul 01, 2020 | 0.200€ | 0.87% |
FAQ
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