Savencia SA Stock Forecast
Savencia SA stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The Savencia SA stock price gained 1.91% on the last trading day (Wednesday, 24th Apr 2024), rising from 52.40€ to 53.40€. During the last trading day the stock fluctuated 3.09% from a day low at 51.80€ to a day high of 53.40€. The price has fallen in 5 of the last 10 days but is still up by 3.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately 156.89€ thousand.
Given the current short-term trend, the stock is expected to fall -3.65% during the next 3 months and, with a 90% probability hold a price between 47.51€ and 51.45€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SAVE.PA Signals & Forecast
Mostly positive signals in the chart today. The Savencia 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 52.16€ and 51.73€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.88%. 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). Savencia SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Savencia SA stock
Savencia SA finds support from accumulated volume at 51.80€ 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 1.60€ between high and low, or 3.09%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: 51.34€ (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SAVE.PA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Savencia SA to open at 52.87€, and during the day (based on 14 day Average True Range), to move between 52.47€ and 54.33€, which gives a possible trading interval of +/-0.93€ (+/-1.74%) up or down from last closing price. If Savencia SA takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 53.60€ (0.37%) than the support at 51.80€ (3.00%), 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 Savencia SA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.383 Buy Candidate Upgraded
Predicted Opening Price for Savencia SA of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 52.87€ ( 1.00%) | 53.40€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 54.47 | 2.00 % | |
| R2 | 53.86 | 0.85 % | ||
| R1 | 53.48 | 0.146 % | ||
| Current price: | 53.40 | |||
| Support | S1 | 52.26 | -2.14 % | |
| S2 | 51.88 | -2.85 % | ||
| S3 | 51.27 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.60 | 2.25 % | |
| R2 | 53.80 | 0.749 % | ||
| R1 | 53.60 | 0.375 % | ||
| Current price | 53.40 | |||
| Support | S1 | 51.80 | -3.00% | |
| S2 | 51.60 | -3.37% | ||
| S3 | 51.20 | -4.12% |
SAVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 1.40€ | 2.64% |
| 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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