Safran SA Stock Forecast
Stronger technical forecast for Safran SA stock price after Thursday trading.
(Updated on May 09, 2024)
The Safran SA stock price gained 0.568% on the last trading day (Thursday, 9th May 2024), rising from 211.10€ to 212.30€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.19% from a day low at 210.30€ to a day high of 212.80€. The price has risen in 5 of the last 10 days and is up by 1% over the past 2 weeks. Volume fell on the last day by -132 thousand shares and in total, 300 thousand shares were bought and sold for approximately 63.61€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.14% during the next 3 months and, with a 90% probability hold a price between 231.90€ and 252.93€ at the end of this 3-month period.
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SAF.PA Signals & Forecast
Mostly positive signals in the chart today. The Safran SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 207.43€ and 207.03€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 4.68%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 0.260% to 212.85€ within 16 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Safran SA stock
Safran SA finds support from accumulated volume at 205.40€ 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 2.50€ between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: 203.95€ (-3.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SAF.PA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Safran SA to open at 211.80€, and during the day (based on 14 day Average True Range), to move between 208.27€ and 216.33€, which gives a possible trading interval of +/-4.03€ (+/-1.90%) up or down from last closing price. If Safran SA takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 205.40€, some 6.90€ (3.25%) from the current price of 212.30€, our system finds the risk reward attractive.
Is Safran SA stock A Buy?
Safran SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.373 Strong Buy Candidate Upgraded
Predicted Opening Price for Safran SA of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 211.80€ ( 0.236%) | 212.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 214.30 | 0.94 % | |
| R2 | 213.35 | 0.492 % | ||
| R1 | 212.76 | 0.214 % | ||
| Current price: | 212.30 | |||
| Support | S1 | 210.85 | -0.685 % | |
| S2 | 210.26 | -0.96 % | ||
| S3 | 209.30 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 212.30 | |||
| Support | S1 | 205.40 | -3.25% | |
| S2 | 205.30 | -3.30% | ||
| S3 | 202.35 | -4.69% |
SAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 30, 2024 | 2.20€ | 1.04% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 1.35€ | 0.98% |
| 3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | 0.500€ | 0.519% |
| 4 | May 31, 2021 | May 31, 2021 | May 31, 2021 | 0.430€ | 0.351% |
| 5 | Feb 27, 2019 | May 27, 2019 | May 29, 2019 | 1.82€ | 1.55% |
FAQ
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