Mersen S.A. Stock Forecast
Mersen S.A. stock price down 3.46% on Friday
(Updated on Jun 21, 2024)
The Mersen S.A. stock price fell by -3.46% on the last day (Friday, 21st Jun 2024) from 34.65€ to 33.45€. During the last trading day the stock fluctuated 3.44% from a day low at 33.45€ to a day high of 34.60€. The price has fallen in 7 of the last 10 days and is down by -12.66% for this period. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 51 thousand shares were bought and sold for approximately 1.69€ million.
Given the current short-term trend, the stock is expected to rise 3.62% during the next 3 months and, with a 90% probability hold a price between 34.66€ and 42.12€ at the end of this 3-month period.
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MRN.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Mersen S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 34.29€ and 37.55€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -16.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Mersen S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.15€ between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MRN.PA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Mersen S.A. to open at 33.83€, and during the day (based on 14 day Average True Range), to move between 32.39€ and 34.51€, which gives a possible trading interval of +/-1.06€ (+/-3.17%) up or down from last closing price. If Mersen S.A. takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 34.00€, some 0.550€ (1.64%) from the current price of 33.45€, our system finds the risk reward not very attractive.
Is Mersen S.A. stock A Buy?
The Mersen S.A. stock holds several negative signals and despite the positive trend, we believe Mersen S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.608 Sell Candidate Unchanged
Predicted Opening Price for Mersen S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 33.83€ ( 1.15%) | 33.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRN.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.98 | 4.58% |
| R2 | 34.54 | 3.27% |
| R1 | 34.27 | 2.46% |
| Price | 33.45 | |
| S1 | 33.39 | -0.167% |
| S2 | 33.12 | -0.98% |
| S3 | 32.68 | -2.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.65 | 15.55% |
| R2 | 34.80 | 4.04% |
| R1 | 34.00 | 1.64% |
| Price | 33.45 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 04, 2024 | 1.25€ | 3.72% |
| 2 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 1.25€ | 3.16% |
| 3 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | 0.96€ | 3.55% |
| 4 | Jul 06, 2021 | Jul 06, 2021 | Jul 06, 2021 | 0.623€ | 1.91% |
| 5 | Jul 06, 2020 | Jul 06, 2020 | Jul 06, 2020 | 1.00€ | 4.66% |
FAQ
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