Safran SA Stock Forecast
Green day on Friday for Safran SA stock after gaining 0.80%
(Updated on May 17, 2024)
The Safran SA stock price gained 0.80% on the last trading day (Friday, 17th May 2024), rising from $56.14 to $56.59. During the last trading day the stock fluctuated 0.550% from a day low at $56.41 to a day high of $56.72. The price has been going up and down for this period, and there has been a 2.15% gain for the last 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 134 thousand shares were bought and sold for approximately $7.56 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 weak 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 7.10% during the next 3 months and, with a 90% probability hold a price between $58.59 and $61.65 at the end of this 3-month period.
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SAFRY Signals & Forecast
The Safran SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $56.80. On a fall, the stock will find some support from the long-term average at approximately $55.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.48%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Safran SA stock
Safran SA finds support from accumulated volume at $56.26 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 $0.310 between high and low, or 0.550%. For the last week the stock has had daily average volatility of 0.700%.
Our recommended stop-loss: $54.46 (-3.77%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SAFRY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Safran SA to open at $56.57, and during the day (based on 14 day Average True Range), to move between $55.69 and $57.49, which gives a possible trading interval of +/-$0.90 (+/-1.59%) up or down from last closing price. If Safran SA takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $56.60 (0.02%) than the support at $56.26 (0.59%), 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.
Earnings coming up
Safran SA will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Safran SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.33% in the first trading day after earnings release.
Is Safran SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Safran SA stock to perform well in the short-term.
Current score: 1.392 Buy Candidate Unchanged
Predicted Opening Price for Safran SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $56.57 ( 0.0295%) | $56.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAFRY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.88 | 0.518 % | |
| R2 | 56.76 | 0.309 % | ||
| R1 | 56.69 | 0.180 % | ||
| Current price: | 56.59 | |||
| Support | S1 | 56.45 | -0.239 % | |
| S2 | 56.38 | -0.368 % | ||
| S3 | 56.26 | -0.577 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.44 | 1.50 % | |
| R2 | 56.65 | 0.106 % | ||
| R1 | 56.60 | 0.0177 % | ||
| Current price | 56.59 | |||
| Support | S1 | 56.26 | -0.592% | |
| S2 | 55.91 | -1.20% | ||
| S3 | 55.05 | -2.72% |
SAFRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 17, 2024 | $0.592 | 1.05% |
| 2 | May 23, 2023 | May 30, 2023 | Jun 21, 2023 | $0.367 | 0.94% |
| 3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | $0.131 | 0.509% |
| 4 | May 17, 2021 | May 28, 2021 | Jun 23, 2021 | $0.130 | 0.352% |
| 5 | May 24, 2019 | May 24, 2019 | Jun 12, 2019 | $0.510 | 1.45% |
FAQ
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