Rexel S.A. Stock Forecast
Rexel S.A. stock price fell more than -5.60% Friday closing at 24.60€
(Updated on Jun 14, 2024)
The Rexel S.A. stock price fell by -5.60% on the last day (Friday, 14th Jun 2024) from 26.06€ to 24.60€. During the last trading day the stock fluctuated 5.63% from a day low at 24.53€ to a day high of 25.91€. The price has fallen in 8 of the last 10 days and is down by -11.54% for this period. Volume has increased on the last day by 494 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, 1 million shares were bought and sold for approximately 28.58€ million.
Given the current short-term trend, the stock is expected to rise 15.45% during the next 3 months and, with a 90% probability hold a price between 28.40€ and 34.16€ at the end of this 3-month period.
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RXL.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Rexel S.A. 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 26.46€ and 27.17€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -14.08%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Rexel S.A. stock
Rexel S.A. finds support from accumulated volume at 24.43€ 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 1.38€ between high and low, or 5.63%. For the last week, the stock has had daily average volatility of 4.44%.
Rexel S.A. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RXL.PA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Rexel S.A. to open at 25.01€, and during the day (based on 14 day Average True Range), to move between 23.72€ and 25.48€, which gives a possible trading interval of +/-0.88€ (+/-3.57%) up or down from last closing price. If Rexel S.A. takes out the full calculated possible swing range there will be an estimated 7.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 24.73€ (0.53%) than the support at 24.43€ (0.69%), 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.
Is Rexel S.A. stock A Buy?
The Rexel S.A. stock holds several negative signals and despite the positive trend, we believe Rexel S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.347 Sell Candidate Downgraded
Predicted Opening Price for Rexel S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 25.01€ ( 1.68%) | 24.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RXL.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.39 | 7.29% |
| R2 | 25.87 | 5.15% |
| R1 | 25.54 | 3.82% |
| Price | 24.60 | |
| S1 | 24.49 | -0.463% |
| S2 | 24.16 | -1.79% |
| S3 | 23.63 | -3.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.81 | 13.05% |
| R2 | 25.30 | 2.85% |
| R1 | 24.73 | 0.528% |
| Price | 24.60 | |
| S1 | 24.43 | -0.691% |
| S2 | 24.19 | -1.67% |
| S3 | 24.04 | -2.28% |
RXL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 17, 2024 | 1.20€ | 4.39% |
| 2 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 2.40€ | 12.51% |
| 3 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | 0.750€ | 4.71% |
| 4 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | 0.750€ | 3.78% |
| 5 | Jun 03, 2022 | Jun 03, 2022 | Jun 03, 2022 | 1.50€ | 7.56% |
FAQ
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