Lectra SA Stock Forecast

Red day on Friday for Lectra SA
(Updated on May 17, 2024)

LSS.PA Signals & Forecast

The Lectra SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 33.66€. On a fall, the stock will find some support from the long-term average at approximately 33.37€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.34%. Further fall is indicated until a new bottom pivot has been found. Lectra SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, May 07, 2024 and based on theory for this formation the price should fall by -5.41% to 31.59€ within 13 trading days since signal was issued (Monday, May 20, 2024).

Support, Risk & Stop-loss for Lectra SA stock

Lectra SA finds support from accumulated volume at 32.75€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.600€ (1.80%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: 32.28€ (-3.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (LSS.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Lectra SA to open at 33.60€, and during the day (based on 14 day Average True Range), to move between 32.56€ and 34.24€, which gives a possible trading interval of +/-0.84€ (+/-2.52%) up or down from last closing price. If Lectra SA takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 33.70€ (0.90%) than the support at 32.75€ (1.95%), 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 Lectra 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 Lectra SA stock to perform well in the short-term.

Current score: 1.411 Buy Candidate Unchanged

Predicted Opening Price for Lectra SA of Monday, May 20, 2024

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