Mercialys Stock Forecast
Stronger technical forecast for Mercialys stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Mercialys stock price gained 0.0985% on the last trading day (Tuesday, 30th Apr 2024), rising from 10.15€ to 10.16€. During the last trading day the stock fluctuated 1.59% from a day low at 10.04€ to a day high of 10.20€. The price has risen in 7 of the last 10 days. Volume fell on the last day by -243 thousand shares and in total, 281 thousand shares were bought and sold for approximately 2.86€ million. 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.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 10.16€ 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 3.47% during the next 3 months and, with a 90% probability hold a price between 10.51€ and 11.69€ at the end of this 3-month period.
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MERY.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.0985%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mercialys stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 10.86€ and 10.56€. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Mercialys stock
Mercialys finds support from accumulated volume at 10.15€ 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 0.160€ between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: 9.59€ (-5.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (MERY.PA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Mercialys to open at 10.13€, and during the day (based on 14 day Average True Range), to move between 9.86€ and 10.46€, which gives a possible trading interval of +/-0.297€ (+/-2.92%) up or down from last closing price. If Mercialys takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 10.15€ (0.10%) than the resistance at 10.25€ (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mercialys stock A Buy?
Mercialys holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.257 Hold/Accumulate Upgraded
Predicted Opening Price for Mercialys of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 10.13€ ( 0.262%) | 10.16€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MERY.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.29 | 1.31 % | |
| R2 | 10.23 | 0.711 % | ||
| R1 | 10.19 | 0.339 % | ||
| Current price: | 10.16 | |||
| Support | S1 | 10.07 | -0.86 % | |
| S2 | 10.03 | -1.24 % | ||
| S3 | 9.97 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.45 | 2.85 % | |
| R2 | 10.43 | 2.66 % | ||
| R1 | 10.25 | 0.89 % | ||
| Current price | 10.16 | |||
| Support | S1 | 10.15 | -0.0984% | |
| S2 | 10.07 | -0.89% | ||
| S3 | 10.05 | -1.08% |
MERY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 02, 2024 | 0.99€ | 9.75% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 0.96€ | 12.00% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 0.92€ | 11.06% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | 0.430€ | 4.01% |
| 5 | Feb 13, 2020 | Apr 27, 2020 | Apr 29, 2020 | 0.480€ | 6.80% |
FAQ
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