Gentlemen's Equity S.A. Stock Forecast

A very red day for Gentlemen's Equity S.A. stock price after a -57.14% fall in the Tuesday trading session
(Updated on Jul 02, 2024)

MLGEQ.PA Signals & Forecast

There are few to no technical positive signals at the moment. The Gentlemen's Equity S.A. 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 0.0257€ and 0.0201€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -57.14%. 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). Gentlemen's Equity 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". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Monday, June 03, 2024 and based on theory for this formation the price should fall by -166.67% to -0.0080€ within 4 trading days since signal was issued (Friday, June 07, 2024).

Support, Risk & Stop-loss for Gentlemen's Equity S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 0.0100€. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at € may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 0€ between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: 0.0114€ (-5.32%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (MLGEQ.PA) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Gentlemen's Equity S.A. to open at 0.0120€, and during the day (based on 14 day Average True Range), to move between 0.0060€ and 0.0180€, which gives a possible trading interval of +/-0.0060€ (+/-50.26%) up or down from last closing price. If Gentlemen's Equity S.A. takes out the full calculated possible swing range there will be an estimated 100.52% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 0.0100€, some 0.0020€ (16.67%) from the current price of 0.0120€, our system finds the risk reward attractive.

Is Gentlemen's Equity S.A. stock A Buy?

Gentlemen's Equity S.A. 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Gentlemen's Equity S.A. of Wednesday, July 3, 2024

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