Givaudan SA Stock Forecast

Red day on Friday for Givaudan SA
(Updated on Jun 21, 2024)

GVDNY Signals & Forecast

The Givaudan 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 $97.14. On a fall, the stock will find some support from the long-term average at approximately $93.15. 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 Tuesday, June 18, 2024, and so far it has fallen -1.03%. 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 Givaudan SA stock

Givaudan SA finds support from accumulated volume at $93.97 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 controlled movements and therefore the general risk is considered 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 $0.690 between high and low, or 0.717%. For the last week the stock has had daily average volatility of 0.608%.

Our recommended stop-loss: $92.81 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)

Trading Expectations (GVDNY) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Givaudan SA to open at $96.69, and during the day (based on 14 day Average True Range), to move between $95.87 and $97.97, which gives a possible trading interval of +/-$1.05 (+/-1.09%) up or down from last closing price. If Givaudan SA takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $97.07 (0.15%) than the support at $93.97 (3.04%), 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 Givaudan SA 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 Givaudan SA stock to perform well in the short-term.

Current score: 2.728 Buy Candidate Unchanged

Predicted Opening Price for Givaudan SA of Monday, June 24, 2024

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