Savencia SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Savencia SA stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of Savencia SA stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.55% from a day low at 51.60€ to a day high of 52.40€. The price has fallen in 5 of the last 10 days but is still up by 0.39% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Savencia SA stock with a 90% probability to be traded between 48.47€ and 52.39€ 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
The Savencia 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 52.51€. On a fall, the stock will find some support from the long-term average at approximately 51.76€. 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). 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, April 24, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.800€ between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.39%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAVE.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Savencia SA to open at 52.00€, and during the day (based on 14 day Average True Range), to move between 51.14€ and 52.86€, which gives a possible trading interval of +/-0.86€ (+/-1.66%) up or down from last closing price. If Savencia SA takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 52.20€ (0.38%) than the support at 51.80€ (0.38%), 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?
Savencia SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.413 Sell Candidate Unchanged
Predicted Opening Price for Savencia SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 52.00€ ( 0%) | 52.00€ |
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 | 52.80 | 1.54 % | |
| R2 | 52.49 | 0.95 % | ||
| R1 | 52.31 | 0.588 % | ||
| Current price: | 52.00 | |||
| Support | S1 | 51.69 | -0.588 % | |
| S2 | 51.51 | -0.95 % | ||
| S3 | 51.20 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.20 | 2.31 % | |
| R2 | 52.60 | 1.15 % | ||
| R1 | 52.20 | 0.385 % | ||
| Current price | 52.00 | |||
| Support | S1 | 51.80 | -0.385% | |
| S2 | 51.60 | -0.769% | ||
| S3 | 51.20 | -1.54% |
SAVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 1.40€ | 2.69% |
| 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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