Rémy Cointreau SA Stock Forecast

Rémy Cointreau SA stock price up 0.170% on Friday
(Updated on May 24, 2024)

RCO.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 0.170%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rémy Cointreau SA 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 91.09€ and 91.91€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Rémy Cointreau SA stock

Rémy Cointreau SA finds support from accumulated volume at 88.05€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.90€ between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 2.10%.

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

Trading Expectations (RCO.PA) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Rémy Cointreau SA to open at 88.00€, and during the day (based on 14 day Average True Range), to move between 85.48€ and 90.92€, which gives a possible trading interval of +/-2.72€ (+/-3.08%) up or down from last closing price. If Rémy Cointreau SA takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 88.05€ (0.17%) than the resistance at 89.80€ (1.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rémy Cointreau SA stock A Buy?

Rémy Cointreau SA holds several negative signals and is within a wide and 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.

Current score: -1.772 Sell Candidate Unchanged

Predicted Opening Price for Rémy Cointreau SA of Monday, May 27, 2024

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