Imerys SA Stock Forecast
Green day on Friday for Imerys SA
(Updated on May 03, 2024)
The Imerys SA stock price gained 0.704% on the last trading day (Friday, 3rd May 2024), rising from 34.10€ to 34.34€. During the last trading day the stock fluctuated 2.48% from a day low at 33.86€ to a day high of 34.70€. The price has risen in 7 of the last 10 days and is up by 15.94% over the past 2 weeks. Volume fell on the last day by -313 thousand shares and in total, 107 thousand shares were bought and sold for approximately 3.68€ million. 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 has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 32.05€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 35.10€ sometime during the next 3 months.
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NK.PA Signals & Forecast
The Imerys SA 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 31.40€ and 30.55€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 17.12%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Thursday, April 11, 2024 with a target of 31.82€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Imerys SA stock
Imerys SA finds support from accumulated volume at 34.10€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.84€ between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: 33.21€ (-3.29%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (NK.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Imerys SA to open at 34.30€, and during the day (based on 14 day Average True Range), to move between 33.44€ and 35.24€, which gives a possible trading interval of +/-0.90€ (+/-2.63%) up or down from last closing price. If Imerys SA takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 34.10€, some 0.240€ (0.70%) from the current price of 34.34€, our system finds the risk reward attractive.
Is Imerys SA stock A Buy?
Imerys SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Imerys SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 34.30€ ( 0.116%) | 34.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NK.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.14 | 2.33 % | |
| R2 | 34.82 | 1.40 % | ||
| R1 | 34.62 | 0.82 % | ||
| Current price: | 34.34 | |||
| Support | S1 | 33.98 | -1.05 % | |
| S2 | 33.78 | -1.63 % | ||
| S3 | 33.46 | -2.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 34.34 | |||
| Support | S1 | 34.10 | -0.699% | |
| S2 | 31.58 | -8.04% | ||
| S3 | 30.92 | -9.96% |
NK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 23, 2024 | 1.35€ | 3.92% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 2.35€ | 7.06% |
| 3 | May 17, 2022 | May 17, 2022 | May 17, 2022 | 1.55€ | 4.55% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.15€ | 2.69% |
| 5 | Feb 13, 2020 | May 15, 2020 | Jun 12, 2020 | 1.72€ | 5.67% |
FAQ
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