SergeFerrari Group SA Stock Forecast

SergeFerrari Group SA stock price ended at 7.32€ on Monday, after losing 1.08%.
(Updated on May 20, 2024)

SEFER.PA Signals & Forecast

The SergeFerrari Group 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 7.27€ and 6.41€. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 09, 2024, and so far it has fallen -1.35%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for SergeFerrari Group SA stock

SergeFerrari Group SA finds support from accumulated volume at 7.16€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.140€ between high and low, or 1.92%. For the last week the stock has had daily average volatility of 2.50%.

The SergeFerrari Group SA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 7.06€ (-3.52%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (SEFER.PA) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect SergeFerrari Group SA to open at 7.34€, and during the day (based on 14 day Average True Range), to move between 7.13€ and 7.51€, which gives a possible trading interval of +/-0.185€ (+/-2.53%) up or down from last closing price. If SergeFerrari Group SA takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 7.34€ (0.27%) than the support at 7.16€ (2.19%), 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 SergeFerrari Group 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 SergeFerrari Group SA stock to perform well in the short-term.

Current score: 2.344 Buy Candidate Unchanged

Predicted Opening Price for SergeFerrari Group SA of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.