Klépierre SA Stock Forecast

Klépierre SA stock downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)

LI.PA Signals & Forecast

The Klépierre 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 25.82€ and 25.19€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 14.07%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, April 10, 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 Klépierre SA stock

Klépierre SA finds support from accumulated volume at 25.42€ 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 0.600€ between high and low, or 2.31%. For the last week the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: 25.64€ (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)

Trading Expectations (LI.PA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Klépierre SA to open at 26.40€, and during the day (based on 14 day Average True Range), to move between 26.22€ and 26.98€, which gives a possible trading interval of +/-0.381€ (+/-1.43%) up or down from last closing price. If Klépierre SA takes out the full calculated possible swing range there will be an estimated 2.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 25.42€, some 1.18€ (4.44%) from the current price of 26.60€, our system finds the risk reward attractive.

Is Klépierre SA stock A Buy?

Klépierre 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 Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Klépierre SA of Monday, June 3, 2024

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