Neurones S.A. Stock Forecast
Neurones S.A. stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Neurones S.A. stock price fell by -1.54% on the last day (Thursday, 25th Apr 2024) from 45.60€ to 44.90€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.69% from a day low at 44.65€ to a day high of 45.85€. The price has fallen in 7 of the last 10 days and is down by -5.57% 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 -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately 208.97€ thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 44.59€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.54% during the next 3 months and, with a 90% probability hold a price between 46.61€ and 50.06€ at the end of this 3-month period.
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NRO.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Neurones S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 46.32€ and 45.77€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -5.57%. 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 Neurones S.A. stock
Neurones S.A. finds support from accumulated volume at 44.70€ 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 1.20€ between high and low, or 2.69%. For the last week the stock has had daily average volatility of 1.77%
Our recommended stop-loss: 42.50€ (-5.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (NRO.PA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Neurones S.A. to open at 45.13€, and during the day (based on 14 day Average True Range), to move between 44.13€ and 45.67€, which gives a possible trading interval of +/-0.768€ (+/-1.71%) up or down from last closing price. If Neurones S.A. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 45.05€ (0.33%) than the support at 44.70€ (0.45%), 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 Neurones S.A. stock A Buy?
Neurones S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.591 Hold/Accumulate Upgraded
Predicted Opening Price for Neurones S.A. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 45.13€ ( 0.520%) | 44.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NRO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.33 | 3.19 % | |
| R2 | 45.87 | 2.17 % | ||
| R1 | 45.59 | 1.54 % | ||
| Current price: | 44.90 | |||
| Support | S1 | 44.67 | -0.501 % | |
| S2 | 44.39 | -1.13 % | ||
| S3 | 43.93 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.95 | 2.34 % | |
| R2 | 45.35 | 1.00 % | ||
| R1 | 45.05 | 0.334 % | ||
| Current price | 44.90 | |||
| Support | S1 | 44.70 | -0.445% | |
| S2 | 44.20 | -1.56% | ||
| S3 | 44.00 | -2.00% |
NRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | 1.10€ | 2.68% |
| 2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | 1.00€ | 2.78% |
| 3 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | 2.00€ | 6.73% |
| 4 | Mar 04, 2020 | Jun 10, 2020 | Jun 12, 2020 | 0.200€ | 1.00% |
| 5 | Apr 29, 2019 | Jun 12, 2019 | Jun 14, 2019 | 0.0600€ | 0.275% |
FAQ
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