Frey SA Stock Forecast

Frey SA stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)

FREY.PA Signals & Forecast

The Frey 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 28.74€. On a fall, the stock will find some support from the long-term average at approximately 28.23€. 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 29, 2024, and so far it has fallen -1.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Frey SA stock

Frey SA finds support from accumulated volume at 28.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.140%

Our recommended stop-loss: 27.42€ (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (FREY.PA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Frey SA to open at 28.60€, and during the day (based on 14 day Average True Range), to move between 28.51€ and 28.69€, which gives a possible trading interval of +/-0.0917€ (+/-0.32%) up or down from last closing price. If Frey SA takes out the full calculated possible swing range there will be an estimated 0.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 28.80€ (0.70%) than the support at 28.20€ (1.40%), 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 Frey SA stock A Buy?

Frey SA 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.055 Hold/Accumulate Upgraded

Predicted Opening Price for Frey SA of Monday, June 3, 2024

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