Red day on Friday for Compagnie Generale DES Etablissements stock after losing 0%
(Updated on Jan 21, 2022)
Buy or Hold candidate since 2021-12-21 Gain 7.49% PDF
No changes to the price of Compagnie Generale DES Etablissements stock on the last trading day (Friday, 21st Jan 2022). During the day the stock fluctuated 0% from a day low at $34.00 to a day high of $34.00. The price has risen in 6 of the last 10 days, but is still down by -1.12% for this period.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.35% during the next 3 months and, with a 90% probability hold a price between $35.29 and $40.11 at the end of this 3-month period.
Signals & Forecast
The Compagnie Generale DES Etablissements 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 $34.70. On a fall, the stock will find some support from the long-term average at approximately $32.81. 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. A buy signal was issued from a pivot bottom point on Thursday, January 20, 2022, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $30.05 and $29.52. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Compagnie Generale DES Etablissements finds support just below today's level at $30.05. If this is broken, then the next support from accumulated volume will be at $29.52 and $29.07.
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 between high and low, or 0%. For the last week the stock has had a daily average volatility of 0.92%
Our recommended stop-loss: $32.06 (-5.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 days ago.)
Is Compagnie Generale DES Etablissements Michelin SCA 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 Compagnie Generale DES Etablissements stock to perform well in the short-term.
Current score: 2.302Buy Candidate Unchanged
Predicted Opening Price for Compagnie Generale DES Etablissements Michelin SCA of Monday, January 24, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 24, 2022||Current price|
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