Publicis Groupe S.A. Stock Forecast
Publicis Groupe S.A. stock downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Publicis Groupe S.A. stock price gained 0.527% on the last trading day (Wednesday, 24th Apr 2024), rising from 104.45€ to 105.00€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.81% from a day low at 104.55€ to a day high of 105.40€. The price has been going up and down for this period, and there has been a 4.43% gain for the last 2 weeks. Volume fell on the last day by -413 thousand shares and in total, 449 thousand shares were bought and sold for approximately 47.14€ 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 lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 105.07€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.23% during the next 3 months and, with a 90% probability hold a price between 109.34€ and 115.81€ at the end of this 3-month period.
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PUB.PA Signals & Forecast
The Publicis Groupe S.A. 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 102.11€ and 99.75€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.32%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, October 06, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, October 06, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Publicis Groupe S.A. stock
Publicis Groupe S.A. finds support from accumulated volume at 101.05€ 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 0.85€ between high and low, or 0.81%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: 101.40€ (-3.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (PUB.PA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Publicis Groupe S.A. to open at 104.98€, and during the day (based on 14 day Average True Range), to move between 103.18€ and 106.82€, which gives a possible trading interval of +/-1.82€ (+/-1.74%) up or down from last closing price. If Publicis Groupe S.A. takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 101.05€, some 3.95€ (3.76%) from the current price of 105.00€, our system finds the risk reward attractive.
Is Publicis Groupe S.A. 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 Publicis Groupe S.A. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.313 Buy Candidate Downgraded
Predicted Opening Price for Publicis Groupe S.A. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 104.98€ ( 0.0159%) | 105.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PUB.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.83 | 0.794 % | |
| R2 | 105.51 | 0.484 % | ||
| R1 | 105.31 | 0.293 % | ||
| Current price: | 105.00 | |||
| Support | S1 | 104.66 | -0.325 % | |
| S2 | 104.46 | -0.516 % | ||
| S3 | 104.13 | -0.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 105.00 | |||
| Support | S1 | 101.05 | -3.76% | |
| S2 | 98.98 | -5.73% | ||
| S3 | 96.72 | -7.89% |
PUB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | 2.90€ | 4.06% |
| 2 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | 2.40€ | 5.49% |
| 3 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | 2.00€ | 3.66% |
| 4 | Sep 07, 2020 | Sep 07, 2020 | Sep 07, 2020 | 1.15€ | 3.93% |
| 5 | Jun 17, 2020 | Jun 17, 2020 | Jun 17, 2020 | 1.15€ | 3.88% |
FAQ
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