Gérard Perrier Industrie S.A. Stock Forecast
Gérard Perrier Industrie S.A. stock downgraded to Strong Sell Candidate
(Updated on Jun 21, 2024)
The Gérard Perrier Industrie S.A. stock price fell by -2.63% on the last day (Friday, 21st Jun 2024) from 91.40€ to 89.00€. During the last trading day the stock fluctuated 4.82% from a day low at 87.20€ to a day high of 91.40€. The price has fallen in 7 of the last 10 days and is down by -5.12% for this period. Volume has increased on the last day by 365 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, 511 shares were bought and sold for approximately 45.48€ 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 (89.72€) are considered to be a "second chance" to get out. According to the fan-theory 84.96€ 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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PERR.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Gérard Perrier Industrie 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 91.17€ and 94.74€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -3.26%. 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). Gérard Perrier Industrie S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, April 04, 2024 with a target of 98.00€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Gérard Perrier Industrie S.A. 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 4.20€ between high and low, or 4.82%. For the last week the stock has had daily average volatility of 1.53%.
Gérard Perrier Industrie S.A. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PERR.PA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Gérard Perrier Industrie S.A. to open at 89.20€, and during the day (based on 14 day Average True Range), to move between 87.83€ and 90.17€, which gives a possible trading interval of +/-1.17€ (+/-1.31%) up or down from last closing price. If Gérard Perrier Industrie S.A. takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 91.00€, some 2.00€ (2.25%) from the current price of 89.00€, our system finds the risk reward not very attractive.
Is Gérard Perrier Industrie S.A. stock A Buy?
Gérard Perrier Industrie S.A. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.426 Strong Sell Candidate Downgraded
Predicted Opening Price for Gérard Perrier Industrie S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 89.20€ ( 0.225%) | 89.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PERR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 93.40 | 4.94% |
| R2 | 91.80 | 3.14% |
| R1 | 90.80 | 2.03% |
| Price | 89.00 | |
| S1 | 87.60 | -1.58% |
| S2 | 86.60 | -2.69% |
| S3 | 85.00 | -4.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 99.00 | 11.24% |
| R2 | 97.40 | 9.44% |
| R1 | 91.00 | 2.25% |
| Price | 89.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
PERR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 12, 2024 | 2.30€ | 2.53% |
| 2 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | 2.15€ | 2.14% |
| 3 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | 2.00€ | 2.21% |
| 4 | Jun 08, 2021 | Jun 08, 2021 | Jun 08, 2021 | 1.60€ | 2.11% |
| 5 | Mar 25, 2020 | Jun 23, 2020 | Jun 25, 2020 | 1.50€ | 2.70% |
FAQ
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