Pernod Ricard SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Pernod Ricard SA stock after gaining 0.391%
(Updated on May 03, 2024)
The Pernod Ricard SA stock price gained 0.391% on the last trading day (Friday, 3rd May 2024), rising from 140.70€ to 141.25€. During the last trading day the stock fluctuated 2.70% from a day low at 140.85€ to a day high of 144.65€. The price has been going up and down for this period, and there has been a -1.67% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 77 thousand more shares were traded than the day before. In total, 597 thousand shares were bought and sold for approximately 84.31€ million.
The stock lies in the middle of a 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 -11.41% during the next 3 months and, with a 90% probability hold a price between 120.97€ and 129.24€ 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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RI.PA Signals & Forecast
There are mixed signals in the stock today. The Pernod Ricard 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 142.16€ and 145.16€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.713%. 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.
Support, Risk & Stop-loss for Pernod Ricard SA stock
Pernod Ricard SA finds support from accumulated volume at 141.15€ 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 3.80€ between high and low, or 2.70%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: 132.94€ (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (RI.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Pernod Ricard SA to open at 142.25€, and during the day (based on 14 day Average True Range), to move between 138.23€ and 144.27€, which gives a possible trading interval of +/-3.02€ (+/-2.14%) up or down from last closing price. If Pernod Ricard SA takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 141.15€ (0.07%) than the resistance at 151.40€ (7.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pernod Ricard SA stock A Buy?
Pernod Ricard SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.262 Hold/Accumulate Unchanged
Predicted Opening Price for Pernod Ricard SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 142.25€ ( 0.708%) | 141.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.05 | 3.40 % | |
| R2 | 144.60 | 2.37 % | ||
| R1 | 143.70 | 1.74 % | ||
| Current price: | 141.25 | |||
| Support | S1 | 140.80 | -0.320 % | |
| S2 | 139.90 | -0.95 % | ||
| S3 | 138.45 | -1.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.50 | 11.50 % | |
| R2 | 157.15 | 11.26 % | ||
| R1 | 151.40 | 7.19 % | ||
| Current price | 141.25 | |||
| Support | S1 | 141.15 | -0.0708% | |
| S2 | 140.70 | -0.389% | ||
| S3 | 140.25 | -0.708% |
RI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2024 | Jul 17, 2024 | Jul 17, 2024 | 0€ | 0% |
| 2 | Jul 05, 2023 | Jul 05, 2023 | Jul 05, 2023 | 2.06€ | 1.03% |
| 3 | Nov 25, 2022 | Nov 25, 2022 | Nov 25, 2022 | 2.56€ | 1.37% |
| 4 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | 1.56€ | 0.87% |
| 5 | Nov 22, 2021 | Nov 22, 2021 | Nov 22, 2021 | 1.79€ | 0.85% |
FAQ
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