Orange S.A. Stock Forecast
Stronger technical forecast for Orange S.A. stock price after Thursday trading.
(Updated on May 16, 2024)
The Orange S.A. stock price gained 0.327% on the last trading day (Thursday, 16th May 2024), rising from 10.72€ to 10.75€. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.94% from a day low at 10.65€ to a day high of 10.75€. The price has risen in 9 of the last 10 days and is up by 3.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately 155.96€ thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Orange S.A. stock with a 90% probability to be traded between 10.20€ and 10.88€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FTE.F Signals & Forecast
Mostly positive signals in the chart today. The Orange 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 10.63€ and 10.61€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.71%. 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). Orange 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 Monday, March 25, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Monday, March 25, 2024 in the short-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.
A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should go up by 8.19% to 11.63€ within 13 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for Orange S.A. stock
Orange S.A. finds support from accumulated volume at 10.61€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.1000€ between high and low, or 0.94%. For the last week the stock has had daily average volatility of 0.81%.
Since the Orange S.A. has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: 10.22€ (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (FTE.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Orange S.A. to open at 10.72€, and during the day (based on 14 day Average True Range), to move between 10.64€ and 10.86€, which gives a possible trading interval of +/-0.112€ (+/-1.04%) up or down from last closing price. If Orange S.A. takes out the full calculated possible swing range there will be an estimated 2.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.77€ (0.15%) than the support at 10.61€ (1.32%), 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 Orange S.A. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Orange S.A. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.811 Buy Candidate Upgraded
Predicted Opening Price for Orange S.A. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 10.72€ ( 0.310%) | 10.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FTE.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.82 | 0.620 % | |
| R2 | 10.78 | 0.265 % | ||
| R1 | 10.75 | 0.0453 % | ||
| Current price: | 10.75 | |||
| Support | S1 | 10.68 | -0.665 % | |
| S2 | 10.65 | -0.88 % | ||
| S3 | 10.62 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.89 | 1.26 % | |
| R2 | 10.86 | 0.98 % | ||
| R1 | 10.77 | 0.149 % | ||
| Current price | 10.75 | |||
| Support | S1 | 10.61 | -1.32% | |
| S2 | 10.53 | -2.03% | ||
| S3 | 10.39 | -3.35% |
FTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 06, 2024 | 0.420€ | 0% |
| 2 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | 0.400€ | 0% |
| 3 | Dec 05, 2022 | Dec 05, 2022 | Dec 05, 2022 | 0.300€ | 0% |
| 4 | Jun 07, 2022 | Jun 07, 2022 | Jun 07, 2022 | 0.400€ | 0% |
| 5 | Dec 13, 2021 | Dec 13, 2021 | Dec 13, 2021 | 0.300€ | 0% |
FAQ
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