Valeo SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Valeo SA stock price ended at 12.64€ on Friday, after losing 3.95%.
(Updated on May 17, 2024)
The Valeo SA stock price fell by -3.95% on the last day (Friday, 17th May 2024) from 13.16€ to 12.64€. During the last trading day the stock fluctuated 6.34% from a day low at 12.47€ to a day high of 13.26€. The price has been going up and down for this period, and there has been a 3.99% gain for the last 2 weeks. Volume has increased on the last day by 826 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately 21.64€ 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 20.22% during the next 3 months and, with a 90% probability hold a price between 14.45€ and 16.02€ at the end of this 3-month period.
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FR.PA Signals & Forecast
The Valeo SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 12.73€. On a fall, the stock will find some support from the long-term average at approximately 12.23€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 15, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 0.790€ between high and low, or 6.34%. For the last week, the stock has had daily average volatility of 4.22%.
Our recommended stop-loss: 12.10€ (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FR.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Valeo SA to open at 12.79€, and during the day (based on 14 day Average True Range), to move between 12.20€ and 13.08€, which gives a possible trading interval of +/-0.444€ (+/-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 12.78€ (1.11%) than the support at 11.13€ (11.99%), 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: 1.394 Buy Candidate Unchanged
Predicted Opening Price for Valeo SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 12.79€ ( 1.16%) | 12.64€ |
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 | 13.58 | 7.41 % | |
| R2 | 13.27 | 5.02 % | ||
| R1 | 13.09 | 3.55 % | ||
| Current price: | 12.64 | |||
| Support | S1 | 12.48 | -1.23 % | |
| S2 | 12.30 | -2.70 % | ||
| S3 | 12.00 | -5.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.04 | 3.13 % | |
| R2 | 12.87 | 1.82 % | ||
| R1 | 12.78 | 1.11 % | ||
| Current price | 12.64 | |||
| Support | S1 | 11.13 | -11.99% | |
| S2 | 10.93 | -13.57% | ||
| S3 | 10.50 | -16.93% |
FR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 30, 2024 | 0.400€ | 3.17% |
| 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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