Groupe Bruxelles Lambert SA Stock Forecast

Groupe Bruxelles Lambert SA stock price down 0% on Friday
(Updated on May 24, 2024)

GBLBY Signals & Forecast

The Groupe Bruxelles Lambert 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 $7.77. On a fall, the stock will find some support from the long-term average at approximately $7.61. 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. 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, May 23, 2024, and so far it has fallen 0%. 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 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, March 12, 2024 and based on theory for this formation the price should go up by 33.19% to $10.16 within 3 trading days since signal was issued (Tuesday, May 28, 2024).

Support, Risk & Stop-loss for Groupe Bruxelles Lambert SA stock

Groupe Bruxelles Lambert SA finds support from accumulated volume at $7.63 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 2.64%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GBLBY) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Groupe Bruxelles Lambert SA to open at $7.63, and during the day (based on 14 day Average True Range), to move between $7.28 and $7.98, which gives a possible trading interval of +/-$0.350 (+/-4.59%) up or down from last closing price. If Groupe Bruxelles Lambert SA takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.63 (0.04%) than the resistance at $7.83 (2.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Groupe Bruxelles Lambert SA stock A Buy?

Groupe Bruxelles Lambert SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.453 Sell Candidate Unchanged

Predicted Opening Price for Groupe Bruxelles Lambert SA of Tuesday, May 28, 2024

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