Solocal Group S.A. Stock Forecast
Red day on Friday for Solocal Group S.A. stock after losing 2.17%
(Updated on May 31, 2024)
The Solocal Group S.A. stock price fell by -2.17% on the last day (Friday, 31st May 2024) from 0.0600€ to 0.0587€. During the last trading day the stock fluctuated 4.64% from a day low at 0.0582€ to a day high of 0.0609€. The price has risen in 6 of the last 10 days but is still down by -7.99% for this period. 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 -56 thousand shares and in total, 113 thousand shares were bought and sold for approximately 6.63€ thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.17% during the next 3 months and, with a 90% probability hold a price between 0.0432€ and 0.0722€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LOCAL.PA Signals & Forecast
The Solocal Group S.A. 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 0.0582€ and 0.0549€. A breakdown below any of these levels will issue sell signals. 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 Monday, May 13, 2024, and so far it has fallen -15.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Solocal Group S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 0.0475€ and 0.0446€. 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, Solocal Group S.A. finds support just below today's level at 0.0475€. If this is broken, then the next support from accumulated volume will be at 0.0446€ and 0.0445€.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0027€ between high and low, or 4.64%. For the last week the stock has had daily average volatility of 7.53%.
Our recommended stop-loss: 0.0549€ (-6.44%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (LOCAL.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Solocal Group S.A. to open at 0.0593€, and during the day (based on 14 day Average True Range), to move between 0.0541€ and 0.0633€, which gives a possible trading interval of +/-0.0046€ (+/-7.87%) up or down from last closing price. If Solocal Group S.A. takes out the full calculated possible swing range there will be an estimated 15.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.0620€ (5.62%) than the support at 0.0475€ (19.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Solocal Group S.A. stock A Buy?
Solocal Group S.A. 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.
Current score: 0.322 Hold/Accumulate Unchanged
Predicted Opening Price for Solocal Group S.A. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
0.0593€ ( 0.97%) | 0.0587€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOCAL.PA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0620 | 5.57 % | |
R2 | 0.0609 | 3.81 % | ||
R1 | 0.0603 | 2.72 % | ||
Current price: | 0.0587 | |||
Support | S1 | 0.0582 | -0.792 % | |
S2 | 0.0576 | -1.88 % | ||
S3 | 0.0566 | -3.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0695 | 18.40 % | |
R2 | 0.0693 | 18.06 % | ||
R1 | 0.0620 | 5.62 % | ||
Current price | 0.0587 | |||
Support | S1 | 0.0475 | -19.08% | |
S2 | 0.0446 | -24.02% | ||
S3 | 0.0445 | -24.19% |
LOCAL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | 2.30€ | 55.35% |
2 | Feb 09, 2011 | Jun 20, 2011 | Jun 23, 2011 | 90.25€ | 9.23% |
3 | Feb 19, 2010 | Jun 21, 2010 | Jun 24, 2010 | 101.15€ | 7.43% |
4 | Feb 26, 2009 | Jun 18, 2009 | Jun 23, 2009 | 149.39€ | 13.68% |
5 | May 14, 2008 | May 14, 2008 | May 14, 2008 | 5.78€ | 0.310% |
FAQ
Click here for our free guide on how to buy Solocal Group S.A. Stock.