Thales S.A. Stock Forecast

Green day on Friday for Thales S.A. stock after gaining 1.31%
(Updated on Apr 26, 2024)

HO.PA Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.37%. 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). The Thales S.A. 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 157.46€ and 154.57€. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, February 02, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Thales S.A. stock

Thales S.A. finds support from accumulated volume at 150.90€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 3.30€ between high and low, or 2.12%. For the last week the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: 152.47€ (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (HO.PA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Thales S.A. to open at 157.70€, and during the day (based on 14 day Average True Range), to move between 155.40€ and 162.00€, which gives a possible trading interval of +/-3.30€ (+/-2.08%) up or down from last closing price. If Thales S.A. takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 160.05€ (0.85%) than the support at 150.90€ (4.91%), 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 Thales S.A. 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 Thales S.A. stock to perform well in the short-term.

Current score: 3.741 Buy Candidate Unchanged

Predicted Opening Price for Thales S.A. of Monday, April 29, 2024

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