NRJ Group SA Stock Forecast
NRJ Group SA stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
No changes to the price of NRJ Group SA stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0.773% from a day low at 7.76€ to a day high of 7.82€. The price has risen in 6 of the last 10 days and is up by 4.86% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NRJ Group SA stock with a 90% probability to be traded between 7.51€ and 8.04€ 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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NRG.PA Signals & Forecast
The NRJ Group 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 7.73€ and 7.66€. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.513%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, April 03, 2024 with a target of 7.76€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for NRJ Group SA stock
NRJ Group SA finds support from accumulated volume at 7.72€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.0600€ between high and low, or 0.773%. For the last week the stock has had daily average volatility of 0.83%
Our recommended stop-loss: 7.43€ (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (NRG.PA) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect NRJ Group SA to open at 7.78€, and during the day (based on 14 day Average True Range), to move between 7.64€ and 7.88€, which gives a possible trading interval of +/-0.117€ (+/-1.51%) up or down from last closing price. If NRJ Group SA takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 7.80€ (0.52%) than the support at 7.72€ (0.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NRJ Group SA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NRJ Group SA stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.464 Buy Candidate Upgraded
Predicted Opening Price for NRJ Group SA of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 7.78€ ( 0.258%) | 7.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRG.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.84 | 1.03 % | |
| R2 | 7.82 | 0.736 % | ||
| R1 | 7.80 | 0.553 % | ||
| Current price: | 7.76 | |||
| Support | S1 | 7.76 | -0.0376 % | |
| S2 | 7.74 | -0.220 % | ||
| S3 | 7.72 | -0.515 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.88 | 1.55 % | |
| R2 | 7.82 | 0.773 % | ||
| R1 | 7.80 | 0.515 % | ||
| Current price | 7.76 | |||
| Support | S1 | 7.72 | -0.515% | |
| S2 | 7.70 | -0.773% | ||
| S3 | 7.64 | -1.55% |
NRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | 0.260€ | 3.93% |
| 2 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | 0.210€ | 3.44% |
| 3 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | 0.210€ | 3.42% |
| 4 | Mar 14, 2019 | Jun 03, 2019 | Jun 05, 2019 | 0.170€ | 2.62% |
| 5 | Mar 16, 2018 | Jun 05, 2018 | Jun 07, 2018 | 0.150€ | 1.88% |
FAQ
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