Interparfums SA Stock Forecast
Interparfums SA stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Interparfums SA stock price gained 0.413% on the last trading day (Friday, 31st May 2024), rising from 48.45€ to 48.65€. During the last trading day the stock fluctuated 1.14% from a day low at 48.10€ to a day high of 48.65€. The price has risen in 6 of the last 10 days and is up by 1.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 35 thousand shares were bought and sold for approximately 1.70€ million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 49.45€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.84% during the next 3 months and, with a 90% probability hold a price between 41.02€ and 45.08€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ITP.PA Signals & Forecast
The Interparfums 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 48.71€. On a fall, the stock will find some support from the long-term average at approximately 48.35€. 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. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 4.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Interparfums SA stock
Interparfums SA finds support from accumulated volume at 48.45€ 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 0.550€ between high and low, or 1.14%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: 46.00€ (-5.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (ITP.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Interparfums SA to open at 48.47€, and during the day (based on 14 day Average True Range), to move between 47.65€ and 49.65€, which gives a possible trading interval of +/-1.00€ (+/-2.05%) up or down from last closing price. If Interparfums SA takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 48.45€ (0.41%) than the resistance at 50.90€ (4.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Interparfums SA stock A Buy?
Interparfums 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: 0.264 Hold/Accumulate Downgraded
Predicted Opening Price for Interparfums SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 48.47€ ( 0.377%) | 48.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITP.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.02 | 0.754 % | |
| R2 | 48.81 | 0.322 % | ||
| R1 | 48.68 | 0.0550 % | ||
| Current price: | 48.65 | |||
| Support | S1 | 48.26 | -0.81 % | |
| S2 | 48.13 | -1.08 % | ||
| S3 | 47.92 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.10 | 7.09 % | |
| R2 | 51.20 | 5.24 % | ||
| R1 | 50.90 | 4.62 % | ||
| Current price | 48.65 | |||
| Support | S1 | 48.45 | -0.411% | |
| S2 | 48.40 | -0.514% | ||
| S3 | 47.25 | -2.88% |
ITP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | 0€ | 0% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 1.05€ | 1.65% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 0.85€ | 2.18% |
| 4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 0.455€ | 1.05% |
| 5 | May 05, 2020 | May 05, 2020 | May 05, 2020 | 0.710€ | 3.31% |
FAQ
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