L'Oréal S.A. Stock Forecast
L'Oréal S.A. stock price down 0.452% on Friday
(Updated on Jun 21, 2024)
The L'Oréal S.A. stock price fell by -0.452% on the last day (Friday, 21st Jun 2024) from 442.65€ to 440.65€. During the last trading day the stock fluctuated 0.97% from a day low at 438.45€ to a day high of 442.70€. The price has fallen in 7 of the last 10 days and is down by -3.23% for this period. Volume has increased on the last day by 383 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 611 thousand shares were bought and sold for approximately 269.04€ million.
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 437.12€ 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 6.89% during the next 3 months and, with a 90% probability hold a price between 467.22€ and 503.00€ at the end of this 3-month period.
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OR.PA Signals & Forecast
There are few to no technical positive signals at the moment. The L'Oréal 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 442.82€ and 449.15€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -3.56%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for L'Oréal S.A. stock
L'Oréal S.A. finds support from accumulated volume at 440.45€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 4.25€ between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OR.PA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect L'Oréal S.A. to open at 440.60€, and during the day (based on 14 day Average True Range), to move between 433.29€ and 448.01€, which gives a possible trading interval of +/-7.36€ (+/-1.67%) up or down from last closing price. If L'Oréal S.A. takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 440.45€ (0.05%) than the resistance at 444.95€ (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is L'Oréal S.A. stock A Buy?
The L'Oréal S.A. stock holds several negative signals and despite the positive trend, we believe L'Oréal S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.555 Sell Candidate Unchanged
Predicted Opening Price for L'Oréal S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 440.60€ ( 0.0113%) | 440.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 444.85 | 0.95% |
| R2 | 443.23 | 0.585% |
| R1 | 442.22 | 0.357% |
| Price | 440.65 | |
| S1 | 438.98 | -0.380% |
| S2 | 437.97 | -0.607% |
| S3 | 436.35 | -0.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 455.35 | 3.34% |
| R2 | 452.10 | 2.60% |
| R1 | 444.95 | 0.98% |
| Price | 440.65 | |
| S1 | 440.45 | -0.0454% |
| S2 | 421.35 | -4.38% |
| S3 | 412.70 | -6.34% |
OR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 30, 2024 | 6.60€ | 1.50% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | 6.00€ | 1.38% |
| 3 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | 6.00€ | 1.40% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | 4.80€ | 1.41% |
| 5 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | 4.00€ | 1.19% |
FAQ
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