Compagnie de Saint-Gobain S.A. 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
Compagnie de Saint-Gobain S.A. stock price down 0.763% on Friday
(Updated on Jun 28, 2024)
The Compagnie de Saint-Gobain S.A. stock price fell by -0.763% on the last day (Friday, 28th Jun 2024) from 73.38€ to 72.82€. During the last trading day the stock fluctuated 0.165% from a day low at 72.82€ to a day high of 72.94€. The price has risen in 5 of the last 10 days and is up by 0.94% over the past 2 weeks. Volume has increased on the last day by 35 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, 44 shares were bought and sold for approximately 3.20€ thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 72.89€. A reaction back to this level may hold a second chance to get out before further falls.
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GOB.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Compagnie de Saint-Gobain S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 73.79€ and 78.28€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Compagnie de Saint-Gobain S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Compagnie de Saint-Gobain S.A. stock
Compagnie de Saint-Gobain S.A. finds support from accumulated volume at 72.72€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.120€ between high and low, or 0.165%. For the last week, the stock has had daily average volatility of 0.335%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOB.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Compagnie de Saint-Gobain S.A. to open at 72.86€, and during the day (based on 14 day Average True Range), to move between 71.79€ and 73.85€, which gives a possible trading interval of +/-1.03€ (+/-1.41%) up or down from last closing price. If Compagnie de Saint-Gobain S.A. takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 72.72€ (0.14%) than the resistance at 73.22€ (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Compagnie de Saint-Gobain S.A. stock A Buy?
The Compagnie de Saint-Gobain S.A. stock holds several negative signals and despite the positive trend, we believe Compagnie de Saint-Gobain S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.282 Sell Candidate Unchanged
Predicted Opening Price for Compagnie de Saint-Gobain S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 72.86€ ( 0.0549%) | 72.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOB.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.98 | 0.220% |
| R2 | 72.93 | 0.157% |
| R1 | 72.91 | 0.118% |
| Price | 72.82 | |
| S1 | 72.81 | -0.0080% |
| S2 | 72.79 | -0.0469% |
| S3 | 72.74 | -0.110% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.66 | 12.14% |
| R2 | 79.50 | 9.17% |
| R1 | 73.22 | 0.549% |
| Price | 72.82 | |
| S1 | 72.72 | -0.137% |
| S2 | 72.14 | -0.93% |
| S3 | 71.46 | -1.87% |
GOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 12, 2024 | 2.10€ | 2.75% |
| 2 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | 2.00€ | 3.64% |
| 3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | 1.63€ | 2.98% |
| 4 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | 1.33€ | 2.31% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | 1.38€ | 4.16% |
FAQ
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