Givaudan SA 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
Weaker technical forecast for Givaudan SA as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Givaudan SA stock price fell by -0.267% on the last day (Tuesday, 25th Jun 2024) from $97.51 to $97.25. During the last trading day the stock fluctuated 0.609% from a day low at $96.92 to a day high of $97.51. The price has fallen in 6 of the last 10 days and is down by -0.15% for this period. Volume has increased on the last day by 711 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, 1 thousand shares were bought and sold for approximately $117.09 thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.71% during the next 3 months and, with a 90% probability hold a price between $105.46 and $112.23 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GVDNY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.694%. 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). Givaudan SA 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 Givaudan SA 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 $97.19 and $93.69. A breakdown below any of these levels will issue sell signals.
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.590 (0.609%) between high and low. For the last week, the stock has had daily average volatility of 0.561%.
Our recommended stop-loss: $94.12 (-3.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (GVDNY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Givaudan SA to open at $97.23, and during the day (based on 14 day Average True Range), to move between $96.25 and $98.25, which gives a possible trading interval of +/-$1.00 (+/-1.02%) up or down from last closing price. If Givaudan SA takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $97.30 (0.05%) than the support at $93.97 (3.37%), 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?
Givaudan SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.941 Hold/Accumulate Downgraded
Predicted Opening Price for Givaudan SA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $97.23 ( 0.0240%) | $97.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVDNY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.82 | 0.583% |
| R2 | 97.59 | 0.351% |
| R1 | 97.45 | 0.208% |
| Price | 97.25 | |
| S1 | 97.00 | -0.256% |
| S2 | 96.86 | -0.399% |
| S3 | 96.64 | -0.631% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.93 | 0.699% |
| R2 | 97.51 | 0.267% |
| R1 | 97.30 | 0.0514% |
| Price | 97.25 | |
| S1 | 93.97 | -3.37% |
| S2 | 92.35 | -5.04% |
| S3 | 90.11 | -7.34% |
GVDNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Apr 11, 2024 | $0.97 | 1.10% |
| 2 | Jun 26, 2023 | Mar 27, 2023 | Apr 12, 2023 | $1.46 | 2.11% |
| 3 | Mar 23, 2022 | Mar 28, 2022 | Apr 13, 2022 | $1.43 | 1.74% |
| 4 | Mar 06, 2021 | Mar 29, 2021 | Apr 14, 2021 | $1.44 | 1.72% |
| 5 | Mar 27, 2020 | Mar 27, 2020 | Mar 27, 2020 | $1.26 | 2.09% |
FAQ
Click here for our free guide on how to buy Givaudan SA Stock.
