Etablissements Maurel & Prom S.A. Stock Forecast
Red day on Friday for Etablissements Maurel & Prom S.A. stock after losing 3.00%
(Updated on Jun 21, 2024)
The Etablissements Maurel & Prom S.A. stock price fell by -3.00% on the last day (Friday, 21st Jun 2024) from 6.33€ to 6.14€. During the last trading day the stock fluctuated 4.02% from a day low at 6.10€ to a day high of 6.35€. The price has been going up and down for this period, and there has been a -2.93% loss for the last 2 weeks. Volume has increased on the last day by 102 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 188 thousand shares were bought and sold for approximately 1.16€ million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 6.09€ 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 10.46% during the next 3 months and, with a 90% probability hold a price between 6.73€ and 7.73€ 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.
MAU.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Etablissements Maurel & Prom S.A. 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 6.24€ and 6.45€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -9.71%. 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). Etablissements Maurel & Prom S.A. 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".
Support, Risk & Stop-loss for Etablissements Maurel & Prom S.A. stock
Etablissements Maurel & Prom S.A. finds support from accumulated volume at 6.12€ 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 0.245€ between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAU.PA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Etablissements Maurel & Prom S.A. to open at 6.19€, and during the day (based on 14 day Average True Range), to move between 5.94€ and 6.33€, which gives a possible trading interval of +/-0.193€ (+/-3.14%) up or down from last closing price. If Etablissements Maurel & Prom S.A. takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.12€ (0.24%) than the resistance at 6.24€ (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Etablissements Maurel & Prom S.A. stock A Buy?
The Etablissements Maurel & Prom S.A. stock holds several negative signals and despite the positive trend, we believe Etablissements Maurel & Prom S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.369 Sell Candidate Unchanged
Predicted Opening Price for Etablissements Maurel & Prom S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 6.19€ ( 0.95%) | 6.14€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAU.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.44 | 4.94% |
| R2 | 6.34 | 3.42% |
| R1 | 6.29 | 2.48% |
| Price | 6.14 | |
| S1 | 6.10 | -0.575% |
| S2 | 6.04 | -1.52% |
| S3 | 5.95 | -3.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.52 | 6.19% |
| R2 | 6.45 | 5.13% |
| R1 | 6.24 | 1.71% |
| Price | 6.14 | |
| S1 | 6.12 | -0.244% |
| S2 | 6.09 | -0.733% |
| S3 | 5.77 | -6.03% |
MAU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 03, 2024 | Jul 03, 2024 | Jul 05, 2024 | 0.230€ | 3.76% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | 0.230€ | 6.07% |
| 3 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | 0.140€ | 3.36% |
| 4 | Mar 21, 2019 | Jun 17, 2019 | Jun 19, 2019 | 0.0400€ | 1.40% |
| 5 | Apr 15, 2013 | Jun 21, 2013 | Jun 26, 2013 | 0.400€ | 3.58% |
FAQ
Click here for our free guide on how to buy Etablissements Maurel & Prom S.A. Stock.
