Financière de l'Odet SA Stock Forecast
Financière de l'Odet SA stock price ended at 1,370.00€ on Monday, after losing 1.58%.
(Updated on Jun 17, 2024)
The Financière de l'Odet SA stock price fell by -1.58% on the last day (Monday, 17th Jun 2024) from 1,392.00€ to 1,370.00€. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.51% from a day low at 1,356.00€ to a day high of 1,390.00€. The price has fallen in 8 of the last 10 days and is down by -9.87% 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 -194 shares and in total, 546 shares were bought and sold for approximately 748.02€ thousand.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (1,427.96€) are considered to be a "second chance" to get out. According to the fan-theory 1,294.49€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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ODET.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Financière de l'Odet SA 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 1,448.00€ and 1,494.97€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -11.04%. 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 Financière de l'Odet SA 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.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 34.00€ between high and low, or 2.51%. For the last week the stock has had daily average volatility of 2.27%.
Financière de l'Odet SA is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ODET.PA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Financière de l'Odet SA to open at 1,372.00€, and during the day (based on 14 day Average True Range), to move between 1,344.93€ and 1,395.07€, which gives a possible trading interval of +/-25.07€ (+/-1.83%) up or down from last closing price. If Financière de l'Odet SA takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 1,500.00€, some 130.00€ (9.49%) from the current price of 1,370.00€, our system finds the risk reward not very attractive.
Is Financière de l'Odet SA stock A Buy?
Financière de l'Odet SA holds several negative signals and is within a 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: -3.741 Sell Candidate Unchanged
Predicted Opening Price for Financière de l'Odet SA of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 1,372.00€ ( 0.146%) | 1,370.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ODET.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,406.00 | 2.63% |
| R2 | 1,393.01 | 1.68% |
| R1 | 1,384.99 | 1.09% |
| Price | 1,370.00 | |
| S1 | 1,359.01 | -0.80% |
| S2 | 1,350.99 | -1.39% |
| S3 | 1,338.00 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,508.00 | 10.07% |
| R2 | 1,502.00 | 9.64% |
| R1 | 1,500.00 | 9.49% |
| Price | 1,370.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
ODET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Jun 27, 2024 | 4.00€ | 0.290% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | 3.60€ | 0.236% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | 3.60€ | 0.314% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | 3.00€ | 0.270% |
| 5 | Mar 12, 2020 | Jun 04, 2020 | Jun 08, 2020 | 1.00€ | 0.140% |
FAQ
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