L'Oréal S.A. Stock Forecast
Green day on Thursday for L'Oréal S.A.
(Updated on Jul 04, 2024)
The L'Oréal S.A. stock price gained 0.629% on the last trading day (Thursday, 4th Jul 2024), rising from 405.45€ to 408.00€. During the last trading day the stock fluctuated 0.490% from a day low at 407.90€ to a day high of 409.90€. The price has fallen in 6 of the last 10 days and is down by -7.83% for this period. Volume fell on the last day by -102 thousand shares and in total, 292 thousand shares were bought and sold for approximately 119.14€ 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 405.57€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect L'Oréal S.A. stock with a 90% probability to be traded between 412.15€ and 468.71€ 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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OR.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, July 03, 2024, and so far it has risen 0.629%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 414.55€ and 441.02€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for L'Oréal S.A. stock
L'Oréal S.A. finds support from accumulated volume at 405.65€ 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 2.00€ between high and low, or 0.490%. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: 384.56€ (-5.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (OR.PA) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect L'Oréal S.A. to open at 408.60€, and during the day (based on 14 day Average True Range), to move between 399.72€ and 416.28€, which gives a possible trading interval of +/-8.28€ (+/-2.03%) 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 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 410.05€ (0.50%) than the support at 405.65€ (0.58%), 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 L'Oréal S.A. stock A Buy?
L'Oréal 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.
Current score: -0.771 Hold/Accumulate Unchanged
Predicted Opening Price for L'Oréal S.A. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 408.60€ ( 0.147%) | 408.00€ |
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 | 410.60 | 0.637% |
| R2 | 409.84 | 0.450% |
| R1 | 409.36 | 0.334% |
| Price | 408.00 | |
| S1 | 407.84 | -0.0402% |
| S2 | 407.36 | -0.156% |
| S3 | 406.60 | -0.343% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 452.10 | 10.81% |
| R2 | 444.95 | 9.06% |
| R1 | 410.05 | 0.502% |
| Price | 408.00 | |
| S1 | 405.65 | -0.576% |
| S2 | 405.45 | -0.625% |
| S3 | 0 | - |
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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