L'Oréal S.A. Stock Forecast
Green day on Wednesday for L'Oréal S.A.
(Updated on Jun 26, 2024)
The L'Oréal S.A. stock price gained 0.252% on the last trading day (Wednesday, 26th Jun 2024), rising from 436.50€ to 437.60€. During the last trading day the stock fluctuated 1.17% from a day low at 434.55€ to a day high of 439.65€. The price has fallen in 6 of the last 10 days and is down by -3.9% for this period. Volume fell on the last day by -21 thousand shares and in total, 257 thousand shares were bought and sold for approximately 112.66€ 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 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 436.63€ 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 6.36% during the next 3 months and, with a 90% probability hold a price between 464.39€ and 500.92€ at the end of this 3-month period.
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OR.PA Signals & Forecast
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 439.67€ and 448.62€. 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 -4.22%. 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).
Support, Risk & Stop-loss for L'Oréal S.A. stock
L'Oréal S.A. finds support from accumulated volume at 436.50€ 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 5.10€ between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.25%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect L'Oréal S.A. to open at 437.27€, and during the day (based on 14 day Average True Range), to move between 430.60€ and 444.60€, which gives a possible trading interval of +/-7.00€ (+/-1.60%) 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 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 436.50€ (0.25%) than the resistance at 440.65€ (0.70%), 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: -3.016 Sell Candidate Unchanged
Predicted Opening Price for L'Oréal S.A. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 437.27€ ( 0.0762%) | 437.60€ |
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 | 442.37 | 1.09% |
| R2 | 440.42 | 0.644% |
| R1 | 439.21 | 0.369% |
| Price | 437.60 | |
| S1 | 435.32 | -0.521% |
| S2 | 434.11 | -0.796% |
| S3 | 432.17 | -1.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 452.10 | 3.31% |
| R2 | 444.95 | 1.68% |
| R1 | 440.65 | 0.697% |
| Price | 437.60 | |
| S1 | 436.50 | -0.251% |
| S2 | 421.35 | -3.71% |
| S3 | 412.70 | -5.69% |
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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