Mersen 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
Mersen S.A. stock price down 1.52% on Thursday
(Updated on Jun 27, 2024)
The Mersen S.A. stock price fell by -1.52% on the last day (Thursday, 27th Jun 2024) from 32.95€ to 32.45€. During the last trading day the stock fluctuated 2.00% from a day low at 32.45€ to a day high of 33.10€. The price has fallen in 6 of the last 10 days and is down by -8.07% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 15 thousand shares were bought and sold for approximately 479.61€ thousand.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 34.10€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 33.40€ and 37.06€. 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 -19.08%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.650€ between high and low, or 2.00%. For the last week the stock has had daily average volatility of 3.13%.
Mersen S.A. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Mersen S.A. to open at 32.67€, and during the day (based on 14 day Average True Range), to move between 31.41€ and 33.49€, which gives a possible trading interval of +/-1.04€ (+/-3.20%) up or down from last closing price. If Mersen S.A. takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 34.00€, some 1.55€ (4.78%) from the current price of 32.45€, our system finds the risk reward not very attractive.
Is Mersen S.A. stock A Buy?
Mersen S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.388 Sell Candidate Unchanged
Predicted Opening Price for Mersen S.A. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 32.67€ ( 0.668%) | 32.45€ |
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 | 33.32 | 2.67% |
| R2 | 33.07 | 1.91% |
| R1 | 32.91 | 1.43% |
| Price | 32.45 | |
| S1 | 32.42 | -0.0975% |
| S2 | 32.26 | -0.570% |
| S3 | 32.02 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.65 | 19.11% |
| R2 | 34.80 | 7.24% |
| R1 | 34.00 | 4.78% |
| Price | 32.45 | |
| 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€ | 3.83% |
| 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
Click here for our free guide on how to buy Mersen S.A. Stock.
