Rémy Cointreau SA Stock Forecast
Rémy Cointreau SA stock price up 1.13% on Tuesday
(Updated on Jun 25, 2024)
The Rémy Cointreau SA stock price gained 1.13% on the last trading day (Tuesday, 25th Jun 2024), rising from 79.35€ to 80.25€. During the last trading day the stock fluctuated 3.65% from a day low at 78.00€ to a day high of 80.85€. The price has fallen in 6 of the last 10 days and is down by -4.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 111 more shares were traded than the day before. In total, 124 thousand shares were bought and sold for approximately 9.93€ million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.74% during the next 3 months and, with a 90% probability hold a price between 64.55€ and 76.88€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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RCO.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 5.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 86.19€. On a fall, the stock will find some support from the short-term average at 78.12€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Rémy Cointreau SA stock
Rémy Cointreau SA finds support from accumulated volume at 79.35€ 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 2.85€ between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 3.50%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Rémy Cointreau SA to open at 79.70€, and during the day (based on 14 day Average True Range), to move between 77.45€ and 83.05€, which gives a possible trading interval of +/-2.80€ (+/-3.49%) up or down from last closing price. If Rémy Cointreau SA takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 79.35€ (1.12%) than the resistance at 85.50€ (6.54%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.440 Sell Candidate Unchanged
Predicted Opening Price for Rémy Cointreau SA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 79.70€ ( 0.685%) | 80.25€ |
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 | 82.55 | 2.87% |
| R2 | 81.46 | 1.51% |
| R1 | 80.79 | 0.671% |
| Price | 80.25 | |
| S1 | 78.61 | -2.04% |
| S2 | 77.94 | -2.88% |
| S3 | 76.85 | -4.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95.35 | 18.82% |
| R2 | 89.80 | 11.90% |
| R1 | 85.50 | 6.54% |
| Price | 80.25 | |
| S1 | 79.35 | -1.12% |
| S2 | 77.90 | -2.93% |
| S3 | 76.95 | -4.11% |
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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