Sequa Petroleum N.V. Stock Forecast
Sequa Petroleum N.V. stock price ended at 0.0110€ on Thursday, after losing 0%.
(Updated on Jun 27, 2024)
No changes to the price of Sequa Petroleum N.V. stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at 0.0110€ to a day high of 0.0110€. The price has been going up and down for this period, and there has been a 4.76% gain for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.95% during the next 3 months and, with a 90% probability hold a price between 0.0090€ and 0.0112€ at the end of this 3-month period.
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MLSEQ.PA Signals & Forecast
The Sequa Petroleum N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 0.0108€ and 0.0109€. 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 Wednesday, June 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 for Sequa Petroleum N.V. stock
Sequa Petroleum N.V. finds support from accumulated volume at 0.0105€ 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, but be aware of low or falling volume as this increases the 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 0.95%.
Our recommended stop-loss: 0.0106€ (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (MLSEQ.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Sequa Petroleum N.V. to open at 0.0110€, and during the day (based on 14 day Average True Range), to move between 0.0108€ and 0.0112€, which gives a possible trading interval of +/-0.0002€ (+/-1.75%) up or down from last closing price. If Sequa Petroleum N.V. takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.0105€ (4.55%) than the resistance at 0.0115€ (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sequa Petroleum N.V. stock A Buy?
Sequa Petroleum N.V. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.790 Hold/Accumulate Unchanged
Predicted Opening Price for Sequa Petroleum N.V. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
0.0110€ ( 0.00000000%) | 0.0110€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLSEQ.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0110 | 0.00000000% |
R2 | 0.0110 | 0.00000000% |
R1 | 0.0110 | 0.00000000% |
Price | 0.0110 | |
S1 | 0.0110 | 0.00000000% |
S2 | 0.0110 | 0.00000000% |
S3 | 0.0110 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0.0120 | 9.09% |
R1 | 0.0115 | 4.55% |
Price | 0.0110 | |
S1 | 0.0105 | -4.55% |
S2 | 0.0100 | -9.09% |
S3 | 0 | - |
FAQ
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