Savencia SA Stock Forecast
Green day on Tuesday for Savencia SA stock after gaining 0.397%
(Updated on Jun 25, 2024)
The Savencia SA stock price gained 0.397% on the last trading day (Tuesday, 25th Jun 2024), rising from 50.40€ to 50.60€. During the last trading day the stock fluctuated 0.791% from a day low at 50.60€ to a day high of 51.00€. The price has fallen in 5 of the last 10 days and is down by -5.6% for this period. Volume fell on the last day by -167 shares and in total, 491 shares were bought and sold for approximately 24.84€ thousand. 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 49.77€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Savencia SA stock with a 90% probability to be traded between 50.47€ and 55.73€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SAVE.PA Signals & Forecast
There are mixed signals in the stock today. The Savencia SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 52.89€. On a fall, the stock will find some support from the short-term average at 50.27€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.81%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Savencia SA stock
Savencia SA finds support from accumulated volume at 50.20€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.400€ between high and low, or 0.791%. For the last week the stock has had daily average volatility of 1.28%.
Savencia SA is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: 47.68€ (-5.77%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SAVE.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Savencia SA to open at 50.73€, and during the day (based on 14 day Average True Range), to move between 49.67€ and 51.53€, which gives a possible trading interval of +/-0.93€ (+/-1.84%) up or down from last closing price. If Savencia SA takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 50.20€ (0.79%) than the resistance at 53.40€ (5.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Savencia SA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Savencia SA stock to perform well in the short-term period.
Current score: 1.753 Buy Candidate Unchanged
Predicted Opening Price for Savencia SA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 50.73€ ( 0.264%) | 50.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAVE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.13 | 1.05% |
| R2 | 50.98 | 0.752% |
| R1 | 50.89 | 0.565% |
| Price | 50.60 | |
| S1 | 50.58 | -0.0385% |
| S2 | 50.49 | -0.225% |
| S3 | 50.33 | -0.527% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.20 | 7.11% |
| R2 | 53.60 | 5.93% |
| R1 | 53.40 | 5.53% |
| Price | 50.60 | |
| S1 | 50.20 | -0.791% |
| S2 | 49.70 | -1.78% |
| S3 | 49.50 | -2.17% |
SAVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 1.40€ | 2.57% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 1.30€ | 2.08% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 1.50€ | 2.34% |
| 4 | May 17, 2021 | May 17, 2021 | May 17, 2021 | 1.50€ | 2.02% |
| 5 | May 11, 2020 | May 11, 2020 | May 11, 2020 | 1.30€ | 2.43% |
FAQ
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