Publicis Groupe SA Stock Forecast
Publicis Groupe SA stock price ended at $26.48 on Friday, after losing 1.05%.
(Updated on Apr 19, 2024)
The Publicis Groupe SA stock price fell by -1.05% on the last day (Friday, 19th Apr 2024) from $26.76 to $26.48. During the last trading day the stock fluctuated 1.55% from a day low at $26.47 to a day high of $26.88. The price has fallen in 6 of the last 10 days and is down by -2.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 230 thousand shares were bought and sold for approximately $6.09 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.38 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 10.63% during the next 3 months and, with a 90% probability hold a price between $29.18 and $31.22 at the end of this 3-month period.
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PUBGY Signals & Forecast
There are few to no technical positive signals at the moment. The Publicis Groupe SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $27.07 and $26.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -5.29%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Publicis Groupe SA stock
Publicis Groupe SA finds support from accumulated volume at $26.08 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 $0.410 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PUBGY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Publicis Groupe SA to open at $26.61, and during the day (based on 14 day Average True Range), to move between $26.09 and $26.87, which gives a possible trading interval of +/-$0.391 (+/-1.48%) up or down from last closing price. If Publicis Groupe SA takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.76 (1.06%) than the support at $26.08 (1.51%), 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 Publicis Groupe SA stock A Buy?
The Publicis Groupe SA stock holds several negative signals and despite the positive trend, we believe Publicis Groupe SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.091 Sell Candidate Unchanged
Predicted Opening Price for Publicis Groupe SA of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $26.61 ( 0.491%) | $26.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PUBGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.02 | 2.04 % | |
| R2 | 26.86 | 1.45 % | ||
| R1 | 26.77 | 1.08 % | ||
| Current price: | 26.48 | |||
| Support | S1 | 26.45 | -0.101 % | |
| S2 | 26.36 | -0.466 % | ||
| S3 | 26.20 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.95 | 1.77 % | |
| R2 | 26.85 | 1.40 % | ||
| R1 | 26.76 | 1.06 % | ||
| Current price | 26.48 | |||
| Support | S1 | 26.08 | -1.51% | |
| S2 | 25.96 | -1.96% | ||
| S3 | 25.90 | -2.19% |
PUBGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2023 | Jun 30, 2023 | Jul 21, 2023 | $0.776 | 3.92% |
| 2 | Jun 30, 2022 | Jul 01, 2022 | Jul 28, 2022 | $0.642 | 4.89% |
| 3 | Jun 15, 2021 | Jun 15, 2021 | Jul 20, 2021 | $0.604 | 3.95% |
| 4 | Sep 01, 2020 | Sep 10, 2020 | Oct 05, 2020 | $0.343 | 4.17% |
| 5 | Jun 25, 2019 | Jun 25, 2019 | Jul 30, 2019 | $0.593 | 4.73% |
FAQ
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