Patrimoine et Commerce SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Patrimoine et Commerce SA stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of Patrimoine et Commerce SA stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at 21.20€ to a day high of 21.20€. The price has risen in 5 of the last 10 days and is up by 0.95% over the past 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.82% during the next 3 months and, with a 90% probability hold a price between 24.14€ and 26.58€ at the end of this 3-month period.
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PAT.PA Signals & Forecast
The Patrimoine et Commerce SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 20.96€ and 20.91€. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -3.64%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Patrimoine et Commerce SA stock
Patrimoine et Commerce SA finds support from accumulated volume at 21.00€ 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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.87%
Our recommended stop-loss: 20.22€ (-4.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (PAT.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Patrimoine et Commerce SA to open at 21.20€, and during the day (based on 14 day Average True Range), to move between 20.81€ and 21.59€, which gives a possible trading interval of +/-0.390€ (+/-1.84%) up or down from last closing price. If Patrimoine et Commerce SA takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 21.30€ (0.47%) than the support at 21.00€ (0.94%), 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 Patrimoine et Commerce SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Patrimoine et Commerce SA stock to perform well in the short-term.
Current score: 1.872 Buy Candidate Unchanged
Predicted Opening Price for Patrimoine et Commerce SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 21.20€ ( 0%) | 21.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.20 | . | |
| R2 | 21.20 | . | ||
| R1 | 21.20 | . | ||
| Current price: | 21.20 | |||
| Support | S1 | 21.20 | . | |
| S2 | 21.20 | . | ||
| S3 | 21.20 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.00 | 3.77 % | |
| R2 | 21.40 | 0.94 % | ||
| R1 | 21.30 | 0.472 % | ||
| Current price | 21.20 | |||
| Support | S1 | 21.00 | -0.94% | |
| S2 | 20.00 | -5.66% | ||
| S3 | 19.20 | -9.43% |
PAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2024 | Jul 29, 2024 | Jul 29, 2024 | 0€ | 0% |
| 2 | Jul 26, 2023 | Jul 26, 2023 | Jul 26, 2023 | 1.30€ | 7.45% |
| 3 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | 1.25€ | 6.96% |
| 4 | Jun 22, 2021 | Jun 22, 2021 | Jun 22, 2021 | 1.25€ | 6.98% |
| 5 | Jul 29, 2020 | Jul 29, 2020 | Jul 29, 2020 | 0.350€ | 2.48% |
FAQ
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