Signify NV Stock Forecast
A very red day for Signify NV stock price after a -5.53% fall in the Thursday trading session
(Updated on May 16, 2024)
The Signify NV stock price fell by -5.53% on the last day (Thursday, 16th May 2024) from 27.14€ to 25.64€. During the last trading day the stock fluctuated 1.72% from a day low at 25.54€ to a day high of 25.98€. The price has risen in 5 of the last 10 days and is up by 0.39% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -141 thousand shares and in total, 456 thousand shares were bought and sold for approximately 11.68€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 25.53€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.49% during the next 3 months and, with a 90% probability hold a price between 27.70€ and 32.70€ at the end of this 3-month period.
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LIGHT.AS Signals & Forecast
There are mixed signals in the stock today. The Signify NV 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 26.92€ and 27.65€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 2.48%. 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).
Support, Risk & Stop-loss for Signify NV stock
Signify NV finds support from accumulated volume at 25.54€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.440€ between high and low, or 1.72%. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: 24.11€ (-5.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (LIGHT.AS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Signify NV to open at 25.72€, and during the day (based on 14 day Average True Range), to move between 24.95€ and 26.33€, which gives a possible trading interval of +/-0.694€ (+/-2.71%) up or down from last closing price. If Signify NV takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 25.54€ (0.39%) than the resistance at 25.95€ (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Signify NV stock A Buy?
Signify NV 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.349 Hold/Accumulate Upgraded
Predicted Opening Price for Signify NV of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 25.72€ ( 0.312%) | 25.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIGHT.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.16 | 2.03 % | |
| R2 | 25.99 | 1.37 % | ||
| R1 | 25.89 | 0.97 % | ||
| Current price: | 25.64 | |||
| Support | S1 | 25.55 | -0.344 % | |
| S2 | 25.45 | -0.749 % | ||
| S3 | 25.28 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.20 | 9.98 % | |
| R2 | 27.18 | 6.01 % | ||
| R1 | 25.95 | 1.21 % | ||
| Current price | 25.64 | |||
| Support | S1 | 25.54 | -0.390% | |
| S2 | 25.52 | -0.468% | ||
| S3 | 25.02 | -2.42% |
LIGHT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 03, 2024 | 1.55€ | 6.05% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 1.50€ | 5.92% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 1.45€ | 4.18% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 1.35€ | 2.77% |
| 5 | Feb 01, 2019 | May 16, 2019 | May 28, 2019 | 1.30€ | 5.28% |
FAQ
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