L'Oréal S.A. Stock Forecast
Stronger technical forecast for L'Oréal S.A. stock price after Tuesday trading.
(Updated on May 14, 2024)
The L'Oréal S.A. stock price gained 0.296% on the last trading day (Tuesday, 14th May 2024), rising from 455.35€ to 456.70€. During the last trading day the stock fluctuated 0.95% from a day low at 452.80€ to a day high of 457.10€. The price has risen in 8 of the last 10 days and is up by 4.66% over the past 2 weeks. Volume fell on the last day by -494 shares and in total, 120 shares were bought and sold for approximately 54.80€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current horizontal trend, you can expect L'Oréal S.A. stock with a 90% probability to be traded between 400.76€ and 448.70€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LOR.F Signals & Forecast
The L'Oréal 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 450.54€ and 432.80€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 11.04%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for L'Oréal S.A. stock
L'Oréal S.A. finds support from accumulated volume at 444.95€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 4.30€ between high and low, or 0.95%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: 438.91€ (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (LOR.F) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect L'Oréal S.A. to open at 455.53€, and during the day (based on 14 day Average True Range), to move between 450.60€ and 462.80€, which gives a possible trading interval of +/-6.10€ (+/-1.34%) up or down from last closing price. If L'Oréal S.A. takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 444.95€, some 11.75€ (2.57%) from the current price of 456.70€, our system finds the risk reward attractive.
Is L'Oréal S.A. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for L'Oréal S.A. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.132 Buy Candidate Upgraded
Predicted Opening Price for L'Oréal S.A. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| 455.53€ ( 0.255%) | 456.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOR.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 459.83 | 0.686 % | |
| R2 | 458.19 | 0.326 % | ||
| R1 | 457.18 | 0.104 % | ||
| Current price: | 456.70 | |||
| Support | S1 | 453.89 | -0.615 % | |
| S2 | 452.88 | -0.84 % | ||
| S3 | 451.23 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 456.70 | |||
| Support | S1 | 444.95 | -2.57% | |
| S2 | 443.70 | -2.85% | ||
| S3 | 414.70 | -9.20% |
LOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 30, 2024 | 6.60€ | 0% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | 6.00€ | 0% |
| 3 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | 6.00€ | 0% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | 4.80€ | 0% |
| 5 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | 4.00€ | 0% |
FAQ
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