Thales S.A. Stock Forecast
Thales S.A. stock price down 0.664% on Friday
(Updated on Jun 28, 2024)
The Thales S.A. stock price fell by -0.664% on the last day (Friday, 28th Jun 2024) from 150.50€ to 149.50€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.95% from a day low at 148.65€ to a day high of 151.55€. The price has been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume has increased on the last day by 107 thousand 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, 421 thousand shares were bought and sold for approximately 62.99€ million.
Given the current horizontal trend, you can expect Thales S.A. stock with a 90% probability to be traded between 150.29€ and 173.99€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HO.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Thales 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 154.19€ and 162.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -13.51%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Thales S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 2.90€ between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 1.97%.
Thales S.A. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HO.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Thales S.A. to open at 149.90€, and during the day (based on 14 day Average True Range), to move between 145.87€ and 153.13€, which gives a possible trading interval of +/-3.63€ (+/-2.43%) up or down from last closing price. If Thales S.A. takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 150.30€, some 0.80€ (0.54%) from the current price of 149.50€, our system finds the risk reward not very attractive.
Is Thales S.A. stock A Buy?
Thales S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.356 Sell Candidate Unchanged
Predicted Opening Price for Thales S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 149.90€ ( 0.268%) | 149.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 152.80 | 2.21% |
| R2 | 151.69 | 1.47% |
| R1 | 151.01 | 1.01% |
| Price | 149.50 | |
| S1 | 148.79 | -0.473% |
| S2 | 148.11 | -0.93% |
| S3 | 147.00 | -1.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 156.60 | 4.75% |
| R2 | 154.60 | 3.41% |
| R1 | 150.30 | 0.535% |
| Price | 149.50 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
HO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 23, 2024 | 2.60€ | 1.55% |
| 2 | Dec 05, 2023 | Dec 05, 2023 | Dec 07, 2023 | 0.80€ | 0.590% |
| 3 | May 23, 2023 | May 23, 2023 | May 23, 2023 | 2.24€ | 1.67% |
| 4 | Dec 06, 2022 | Dec 06, 2022 | Dec 06, 2022 | 0.700€ | 0.568% |
| 5 | May 17, 2022 | May 17, 2022 | May 17, 2022 | 1.96€ | 1.70% |
FAQ
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