Métropole Télévision S.A. Stock Forecast
Weaker technical forecast for Métropole Télévision S.A. as stock downgraded to Sell Candidate.
(Updated on May 09, 2024)
The Métropole Télévision S.A. stock price gained 0.91% on the last trading day (Thursday, 9th May 2024), rising from 13.22€ to 13.34€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.06% from a day low at 13.20€ to a day high of 13.34€. The price has risen in 6 of the last 10 days but is still down by -7.75% for this period. Volume fell on the last day by -15 thousand shares and in total, 63 thousand shares were bought and sold for approximately 838.66€ thousand. 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 strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 13.17€ 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 14.05% during the next 3 months and, with a 90% probability hold a price between 15.02€ and 17.15€ at the end of this 3-month period.
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MMT.PA Signals & Forecast
There are mixed signals in the stock today. The Métropole Télévision S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 13.80€. On a fall, the stock will find some support from the short-term average at 13.23€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 1.99%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Métropole Télévision S.A. stock
Métropole Télévision S.A. finds support from accumulated volume at 13.26€ 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 0.140€ between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MMT.PA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Métropole Télévision S.A. to open at 13.29€, and during the day (based on 14 day Average True Range), to move between 13.03€ and 13.65€, which gives a possible trading interval of +/-0.313€ (+/-2.35%) up or down from last closing price. If Métropole Télévision S.A. takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 13.26€ (0.60%) than the resistance at 13.68€ (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Métropole Télévision S.A. stock A Buy?
Métropole Télévision S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.821 Sell Candidate Downgraded
Predicted Opening Price for Métropole Télévision S.A. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 13.29€ ( 0.350%) | 13.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.43 | 0.700 % | |
| R2 | 13.38 | 0.299 % | ||
| R1 | 13.35 | 0.0511 % | ||
| Current price: | 13.34 | |||
| Support | S1 | 13.24 | -0.751 % | |
| S2 | 13.21 | -1.00 % | ||
| S3 | 13.15 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.82 | 11.09 % | |
| R2 | 13.86 | 3.90 % | ||
| R1 | 13.68 | 2.55 % | ||
| Current price | 13.34 | |||
| Support | S1 | 13.26 | -0.600% | |
| S2 | 12.88 | -3.45% | ||
| S3 | 12.20 | -8.55% |
MMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 1.25€ | 9.43% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | 1.00€ | 7.31% |
| 3 | May 04, 2022 | May 04, 2022 | May 04, 2022 | 1.00€ | 5.80% |
| 4 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 1.50€ | 8.53% |
| 5 | May 13, 2020 | May 13, 2020 | May 13, 2020 | 1.00€ | 10.60% |
FAQ
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