LNA Santé SA Stock Forecast

Green day on Friday for LNA Santé SA stock after gaining 0.791%
(Updated on May 31, 2024)

LNA.PA Signals & Forecast

The LNA Santé 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 25.11€ and 21.40€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). LNA Santé SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for LNA Santé SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 20.75€ and 20.45€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, LNA Santé SA finds support just below today's level at 20.75€. If this is broken, then the next support from accumulated volume will be at 20.45€ and 19.92€.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.200€ between high and low, or 0.791%. For the last week, the stock has had daily average volatility of 1.28%.

The LNA Santé SA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 24.69€ (-3.16%) (This stock has high daily movements and this gives high risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 26 days ago.)

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

For the upcoming trading day on Monday, 3rd we expect LNA Santé SA to open at 25.43€, and during the day (based on 14 day Average True Range), to move between 24.94€ and 26.06€, which gives a possible trading interval of +/-0.556€ (+/-2.18%) up or down from last closing price. If LNA Santé SA takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 20.75€, some 4.75€ (18.63%) from the current price of 25.50€, our system finds the risk reward attractive.

Is LNA Santé SA 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 LNA Santé SA stock to perform well in the short-term.

Current score: 3.113 Buy Candidate Unchanged

Predicted Opening Price for LNA Santé SA of Monday, June 3, 2024

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