Montea SCA Stock Forecast
Montea SCA stock price up 0.635% on Tuesday
(Updated on Jul 02, 2024)
The Montea SCA stock price gained 0.635% on the last trading day (Tuesday, 2nd Jul 2024), rising from 78.70€ to 79.20€. During the last trading day the stock fluctuated 1.40% from a day low at 78.50€ to a day high of 79.60€. The price has been going up and down for this period, and there has been a -0.5% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 7 thousand shares were bought and sold for approximately 592.81€ 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 77.53€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Montea SCA stock with a 90% probability to be traded between 76.55€ and 85.13€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MONT.BB Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 2.06%. 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. The Montea SCA 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 81.71€. On a fall, the stock will find some support from the short-term average at 78.53€. 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. 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.
Support, Risk & Stop-loss for Montea SCA stock
Montea SCA finds support from accumulated volume at 79.10€ 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 1.10€ between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MONT.BB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Montea SCA to open at 79.10€, and during the day (based on 14 day Average True Range), to move between 77.61€ and 80.79€, which gives a possible trading interval of +/-1.59€ (+/-2.01%) up or down from last closing price. If Montea SCA takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 79.10€ (0.13%) than the resistance at 79.80€ (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Montea SCA stock A Buy?
Montea SCA 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.
Current score: -2.194 Sell Candidate Unchanged
Predicted Opening Price for Montea SCA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 79.10€ ( 0.126%) | 79.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MONT.BB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.20 | 1.26% |
| R2 | 79.78 | 0.732% |
| R1 | 79.52 | 0.404% |
| Price | 79.20 | |
| S1 | 78.68 | -0.657% |
| S2 | 78.42 | -0.98% |
| S3 | 78.00 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 83.80 | 5.81% |
| R2 | 81.10 | 2.40% |
| R1 | 79.80 | 0.758% |
| Price | 79.20 | |
| S1 | 79.10 | -0.126% |
| S2 | 78.70 | -0.631% |
| S3 | 78.50 | -0.88% |
MONT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 14, 2024 | 3.74€ | 0% |
| 2 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 3.30€ | 0% |
| 3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 3.03€ | 0% |
| 4 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 2.83€ | 0% |
| 5 | Apr 27, 2020 | May 22, 2020 | Jun 15, 2020 | 2.54€ | 0% |
FAQ
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