Rexel S.A. Stock Forecast
Rexel S.A. stock price down 2.92% on Friday
(Updated on Jun 21, 2024)
The Rexel S.A. stock price fell by -2.92% on the last day (Friday, 21st Jun 2024) from 24.97€ to 24.24€. During the last trading day the stock fluctuated 3.36% from a day low at 24.14€ to a day high of 24.95€. The price has fallen in 6 of the last 10 days and is down by -10.39% for this period. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately 38.87€ million.
Given the current short-term trend, the stock is expected to rise 10.03% during the next 3 months and, with a 90% probability hold a price between 26.67€ and 32.46€ 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 24.85€ and 27.07€. 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 -15.33%. 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 24.19€ 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 0.81€ between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 2.34%.
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 24th
For the upcoming trading day on Monday, 24th we expect Rexel S.A. to open at 24.44€, and during the day (based on 14 day Average True Range), to move between 23.45€ and 25.03€, which gives a possible trading interval of +/-0.786€ (+/-3.24%) up or down from last closing price. If Rexel S.A. takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 24.19€ (0.21%) than the resistance at 24.43€ (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -2.947 Sell Candidate Unchanged
Predicted Opening Price for Rexel S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 24.44€ ( 0.84%) | 24.24€ |
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 | 25.25 | 4.18% |
| R2 | 24.94 | 2.90% |
| R1 | 24.75 | 2.12% |
| Price | 24.24 | |
| S1 | 24.13 | -0.438% |
| S2 | 23.94 | -1.23% |
| S3 | 23.63 | -2.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.81 | 14.73% |
| R2 | 25.30 | 4.37% |
| R1 | 24.43 | 0.784% |
| Price | 24.24 | |
| S1 | 24.19 | -0.206% |
| S2 | 23.97 | -1.11% |
| S3 | 23.82 | -1.73% |
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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