Rémy Cointreau SA Stock Forecast
Rémy Cointreau SA stock price ended at 80.10€ on Friday, after losing 0.311%.
(Updated on Jun 14, 2024)
The Rémy Cointreau SA stock price fell by -0.311% on the last day (Friday, 14th Jun 2024) from 80.35€ to 80.10€. During the last trading day the stock fluctuated 2.96% from a day low at 79.30€ to a day high of 81.65€. The price has fallen in 6 of the last 10 days and is down by -6.32% 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 -32 thousand shares and in total, 141 thousand shares were bought and sold for approximately 11.27€ million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (81.22€) are considered to be a "second chance" to get out. According to the fan-theory 69.31€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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RCO.PA Signals & Forecast
There are few to no technical positive signals at the moment. 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 82.72€ and 88.68€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -6.32%. 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.
A sell signal from a double top formation was found on Friday, April 19, 2024 with a target of 86.08€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Rémy Cointreau SA stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 2.35€ between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 3.65%.
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 17th
For the upcoming trading day on Monday, 17th we expect Rémy Cointreau SA to open at 80.35€, and during the day (based on 14 day Average True Range), to move between 77.30€ and 82.90€, which gives a possible trading interval of +/-2.80€ (+/-3.50%) up or down from last closing price. If Rémy Cointreau SA takes out the full calculated possible swing range there will be an estimated 6.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 85.50€, some 5.40€ (6.74%) from the current price of 80.10€, our system finds the risk reward not very attractive.
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: -5.259 Strong Sell Candidate Unchanged
Predicted Opening Price for Rémy Cointreau SA of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 80.35€ ( 0.312%) | 80.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 82.70 | 3.25% |
| R2 | 81.80 | 2.13% |
| R1 | 81.25 | 1.43% |
| Price | 80.10 | |
| S1 | 79.45 | -0.81% |
| S2 | 78.90 | -1.50% |
| S3 | 78.00 | -2.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 92.60 | 15.61% |
| R2 | 89.80 | 12.11% |
| R1 | 85.50 | 6.74% |
| Price | 80.10 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
RCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 24, 2024 | Jul 24, 2024 | Jul 24, 2024 | 0€ | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Oct 02, 2023 | 1.00€ | 0.88% |
| 3 | Jul 27, 2022 | Jul 27, 2022 | Jul 27, 2022 | 1.00€ | 0.545% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | 1.85€ | 1.10% |
| 5 | Jul 28, 2020 | Jul 28, 2020 | Jul 28, 2020 | 1.00€ | 0.751% |
FAQ
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