PUMA SE Stock Forecast
PUMA SE stock price ended at 43.54€ on Tuesday, after losing 1.74%.
(Updated on Apr 30, 2024)
The PUMA SE stock price fell by -1.74% on the last day (Tuesday, 30th Apr 2024) from 44.31€ to 43.54€. During the last trading day the stock fluctuated 3.23% from a day low at 43.29€ to a day high of 44.69€. The price has risen in 6 of the last 10 days and is up by 7.99% over the past 2 weeks. Volume has increased on the last day by 22 thousand 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, 516 thousand shares were bought and sold for approximately 22.46€ million.
The stock lies in the upper part of a wide and weak 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 44.35€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.35% during the next 3 months and, with a 90% probability hold a price between 41.98€ and 46.72€ at the end of this 3-month period.
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PUM.F Signals & Forecast
The PUMA SE 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 43.10€ and 41.78€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.74%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PUMA SE stock
PUMA SE finds support from accumulated volume at 42.69€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.40€ (3.23%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: 42.00€ (-3.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PUM.F) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect PUMA SE to open at 43.84€, and during the day (based on 14 day Average True Range), to move between 42.35€ and 44.73€, which gives a possible trading interval of +/-1.19€ (+/-2.72%) up or down from last closing price. If PUMA SE takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 43.71€ (0.39%) than the support at 42.69€ (1.95%), 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.
Earnings coming up
PUMA SE will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.570. We will update the financials statements for PUMA SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.66% in the first trading day after earnings release.
Is PUMA SE 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 PUMA SE stock to perform well in the short-term.
Current score: 1.757 Buy Candidate Unchanged
Predicted Opening Price for PUMA SE of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 43.84€ ( 0.689%) | 43.54€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PUM.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.24 | 3.90 % | |
| R2 | 44.71 | 2.68 % | ||
| R1 | 44.37 | 1.92 % | ||
| Current price: | 43.54 | |||
| Support | S1 | 43.31 | -0.539 % | |
| S2 | 42.97 | -1.30 % | ||
| S3 | 42.44 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 44.31 | 1.77 % | ||
| R1 | 43.71 | 0.390 % | ||
| Current price | 43.54 | |||
| Support | S1 | 42.69 | -1.95% | |
| S2 | 42.47 | -2.46% | ||
| S3 | 37.91 | -12.93% |
PUM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 23, 2024 | 0€ | 0% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | 0.82€ | 0% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 0.720€ | 0% |
| 4 | May 06, 2021 | May 06, 2021 | May 06, 2021 | 0.160€ | 0% |
| 5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | 0.500€ | 0% |
FAQ
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