Jacquet Metal Service SA Stock Forecast

Jacquet Metal Service SA stock price up 0.790% on Wednesday
(Updated on Apr 24, 2024)

JCQ.PA Signals & Forecast

There are mixed signals in the stock today. The Jacquet Metal Service SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 18.03€. On a fall, the stock will find some support from the short-term average at 17.72€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 8.43% to 19.37€ within 16 trading days since signal was issued (Thursday, April 25, 2024).

Support, Risk & Stop-loss for Jacquet Metal Service SA stock

Jacquet Metal Service SA finds support from accumulated volume at 17.80€ 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 therefore the general risk is considered very 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 0.180€ between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.57%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JCQ.PA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Jacquet Metal Service SA to open at 17.87€, and during the day (based on 14 day Average True Range), to move between 17.54€ and 18.18€, which gives a possible trading interval of +/-0.321€ (+/-1.80%) up or down from last closing price. If Jacquet Metal Service SA takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 17.80€ (0.34%) than the resistance at 18.00€ (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jacquet Metal Service SA stock A Buy?

Jacquet Metal Service SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.301 Sell Candidate Unchanged

Predicted Opening Price for Jacquet Metal Service SA of Thursday, April 25, 2024

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