Compagnie Plastic Omnium SA Stock Forecast

Compagnie Plastic Omnium SA stock price ended at 11.79€ on Friday, after losing 1.01%.
(Updated on May 17, 2024)

POM.PA Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Compagnie Plastic Omnium SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 11.99€. On a fall, the stock will find some support from the short-term average at 11.73€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -9.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Compagnie Plastic Omnium SA stock

Compagnie Plastic Omnium SA finds support from accumulated volume at 11.60€ 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 controlled movements and therefore the general risk is considered 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 0.250€ between high and low, or 2.13%. For the last week the stock has had daily average volatility of 2.24%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (POM.PA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Compagnie Plastic Omnium SA to open at 11.84€, and during the day (based on 14 day Average True Range), to move between 11.48€ and 12.10€, which gives a possible trading interval of +/-0.308€ (+/-2.61%) up or down from last closing price. If Compagnie Plastic Omnium SA takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 11.60€ (1.61%) than the resistance at 12.57€ (6.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Compagnie Plastic Omnium SA stock A Buy?

Compagnie Plastic Omnium SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.316 Sell Candidate Unchanged

Predicted Opening Price for Compagnie Plastic Omnium SA of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.