Wendel Stock Forecast
Wendel stock price down 0.155% on Thursday
(Updated on May 09, 2024)
The Wendel stock price fell by -0.155% on the last day (Thursday, 9th May 2024) from 96.60€ to 96.45€. During the last trading day the stock fluctuated 0.624% from a day low at 96.10€ to a day high of 96.70€. The price has risen in 6 of the last 10 days and is up by 2.93% over the past 2 weeks. 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 -26 thousand shares and in total, 12 thousand shares were bought and sold for approximately 1.20€ million.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 96.93€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.56% during the next 3 months and, with a 90% probability hold a price between 102.29€ and 106.20€ at the end of this 3-month period.
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MF.PA Signals & Forecast
The Wendel 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 96.27€ and 94.16€. A breakdown below any of these levels will issue sell signals. 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 -0.207%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Wendel stock
Wendel finds support from accumulated volume at 93.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.600€ between high and low, or 0.624%. For the last week the stock has had daily average volatility of 1.21%
Our recommended stop-loss: 92.85€ (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (MF.PA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Wendel to open at 96.42€, and during the day (based on 14 day Average True Range), to move between 95.00€ and 97.90€, which gives a possible trading interval of +/-1.45€ (+/-1.50%) up or down from last closing price. If Wendel takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 96.55€ (0.10%) than the support at 93.70€ (2.85%), 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 Wendel 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 Wendel stock to perform well in the short-term.
Current score: 2.939 Buy Candidate Unchanged
Predicted Opening Price for Wendel of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 96.42€ ( 0.0346%) | 96.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.02 | 0.588 % | |
| R2 | 96.79 | 0.350 % | ||
| R1 | 96.65 | 0.203 % | ||
| Current price: | 96.45 | |||
| Support | S1 | 96.19 | -0.272 % | |
| S2 | 96.05 | -0.419 % | ||
| S3 | 95.82 | -0.657 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.65 | 0.207 % | |
| R2 | 96.60 | 0.156 % | ||
| R1 | 96.55 | 0.104 % | ||
| Current price | 96.45 | |||
| Support | S1 | 93.70 | -2.85% | |
| S2 | 93.05 | -3.53% | ||
| S3 | 89.20 | -7.52% |
MF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 23, 2024 | 4.00€ | 4.15% |
| 2 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | 3.20€ | 3.38% |
| 3 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | 3.00€ | 3.90% |
| 4 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | 2.90€ | 2.60% |
| 5 | Mar 18, 2020 | Jul 07, 2020 | Jul 09, 2020 | 2.80€ | 3.51% |
FAQ
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