Groupe Pizzorno Environnement Stock Forecast

Evaluation of Groupe Pizzorno Environnement stock downgraded after the last trading session.
(Updated on May 17, 2024)

GPE.PA Signals & Forecast

The Groupe Pizzorno Environnement 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 73.80€ and 71.10€. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen -0.533%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Groupe Pizzorno Environnement stock

Groupe Pizzorno Environnement finds support from accumulated volume at 72.40€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.80€ between high and low, or 1.07%. For the last week the stock has had daily average volatility of 2.66%.

Our recommended stop-loss: 71.60€ (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GPE.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Groupe Pizzorno Environnement to open at 74.87€, and during the day (based on 14 day Average True Range), to move between 71.60€ and 77.60€, which gives a possible trading interval of +/-3.00€ (+/-4.03%) up or down from last closing price. If Groupe Pizzorno Environnement takes out the full calculated possible swing range there will be an estimated 8.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 74.80€ (0.27%) than the support at 72.40€ (2.95%), 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 Groupe Pizzorno Environnement 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 Groupe Pizzorno Environnement stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.904 Buy Candidate Downgraded

Predicted Opening Price for Groupe Pizzorno Environnement of Monday, May 20, 2024

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