Métropole Télévision S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Métropole Télévision S.A. stock downgraded to Buy Candidate
(Updated on May 31, 2024)
The Métropole Télévision S.A. stock price gained 1.45% on the last trading day (Friday, 31st May 2024), rising from 13.80€ to 14.00€. 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 1.60% from a day low at 13.78€ to a day high of 14.00€. The price has risen in 6 of the last 10 days and is up by 3.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 91 thousand more shares were traded than the day before. In total, 171 thousand shares were bought and sold for approximately 2.39€ million.
The stock lies in the middle of a wide and weak 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 4.02% during the next 3 months and, with a 90% probability hold a price between 13.79€ and 15.64€ at the end of this 3-month period.
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MMT.PA Signals & Forecast
Mostly positive signals in the chart today. The Métropole Télévision S.A. 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 13.62€ and 13.74€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 7.03%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Métropole Télévision S.A. stock
Métropole Télévision S.A. finds support from accumulated volume at 13.86€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.220€ between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: 13.28€ (-5.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (MMT.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Métropole Télévision S.A. to open at 13.93€, and during the day (based on 14 day Average True Range), to move between 13.77€ and 14.23€, which gives a possible trading interval of +/-0.227€ (+/-1.62%) 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 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 13.86€ (1.00%) than the resistance at 14.50€ (3.57%), 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?
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 Métropole Télévision S.A. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.949 Buy Candidate Downgraded
Predicted Opening Price for Métropole Télévision S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 13.93€ ( 0.524%) | 14.00€ |
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 | 14.15 | 1.05 % | |
| R2 | 14.06 | 0.447 % | ||
| R1 | 14.01 | 0.0765 % | ||
| Current price: | 14.00 | |||
| Support | S1 | 13.84 | -1.12 % | |
| S2 | 13.79 | -1.49 % | ||
| S3 | 13.71 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.82 | 5.86 % | |
| R2 | 14.52 | 3.71 % | ||
| R1 | 14.50 | 3.57 % | ||
| Current price | 14.00 | |||
| Support | S1 | 13.86 | -1.00% | |
| S2 | 13.56 | -3.14% | ||
| S3 | 13.26 | -5.29% |
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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