Montea SCA Stock Forecast
Montea SCA stock upgraded to Strong Buy Candidate.
(Updated on May 07, 2024)
The Montea SCA stock price gained 1.68% on the last trading day (Tuesday, 7th May 2024), rising from 83.50€ to 84.90€. It has now gained 4 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 1.68% from a day low at 83.50€ to a day high of 84.90€. The price has risen in 7 of the last 10 days and is up by 5.07% 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, 303 more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately 1.77€ million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 86.28€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.76% during the next 3 months and, with a 90% probability hold a price between 86.16€ and 93.84€ at the end of this 3-month period.
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MONT.BB Signals & Forecast
Mostly positive signals in the chart today. The Montea SCA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 82.16€ and 80.61€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 8.15%. 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 Montea SCA stock
Montea SCA finds support from accumulated volume at 81.10€ 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 1.40€ between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: 80.30€ (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (MONT.BB) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Montea SCA to open at 84.43€, and during the day (based on 14 day Average True Range), to move between 83.28€ and 86.52€, which gives a possible trading interval of +/-1.62€ (+/-1.91%) up or down from last closing price. If Montea SCA takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 81.10€, some 3.80€ (4.48%) from the current price of 84.90€, our system finds the risk reward attractive.
Is Montea SCA stock A Buy?
Montea SCA holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.121 Strong Buy Candidate Upgraded
Predicted Opening Price for Montea SCA of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 84.43€ ( 0.550%) | 84.90€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 85.83 | 1.10 % | |
| R2 | 85.30 | 0.469 % | ||
| R1 | 84.97 | 0.0803 % | ||
| Current price: | 84.90 | |||
| Support | S1 | 83.90 | -1.18 % | |
| S2 | 83.57 | -1.57 % | ||
| S3 | 83.03 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 84.90 | |||
| Support | S1 | 81.10 | -4.48% | |
| S2 | 77.60 | -8.60% | ||
| S3 | 74.00 | -12.84% |
MONT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 3.30€ | 0% |
| 2 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 3.03€ | 0% |
| 3 | May 21, 2021 | May 21, 2021 | May 21, 2021 | 2.83€ | 0% |
| 4 | Apr 27, 2020 | May 22, 2020 | Jun 15, 2020 | 2.54€ | 0% |
| 5 | Feb 21, 2019 | Feb 22, 2019 | Jun 14, 2019 | 2.26€ | 0% |
FAQ
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