Compagnie de Saint-Gobain S.A. Stock Forecast
Compagnie de Saint-Gobain S.A. stock price ended at 80.58€ on Friday, after losing 0.568%.
(Updated on May 31, 2024)
The Compagnie de Saint-Gobain S.A. stock price fell by -0.568% on the last day (Friday, 31st May 2024) from 81.04€ to 80.58€. During the last trading day the stock fluctuated 1.85% from a day low at 80.12€ to a day high of 81.60€. The price has been going up and down for this period, and there has been a -0.98% loss for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately 176.75€ million.
The stock lies in the middle of a wide and strong 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 20.96% during the next 3 months and, with a 90% probability hold a price between 92.51€ and 103.52€ at the end of this 3-month period.
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SGO.PA Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Compagnie de Saint-Gobain S.A. 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 81.30€. On a fall, the stock will find some support from the long-term average at approximately 77.24€. 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.
Support, Risk & Stop-loss for Compagnie de Saint-Gobain S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 75.24€ and 70.40€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Compagnie de Saint-Gobain S.A. finds support just below today's level at 75.24€. If this is broken, then the next support from accumulated volume will be at 70.40€ and 69.71€.
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 1.48€ between high and low, or 1.85%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: 77.78€ (-3.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (SGO.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Compagnie de Saint-Gobain S.A. to open at 80.77€, and during the day (based on 14 day Average True Range), to move between 79.34€ and 81.82€, which gives a possible trading interval of +/-1.24€ (+/-1.53%) up or down from last closing price. If Compagnie de Saint-Gobain S.A. takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 80.82€ (0.30%) than the support at 75.24€ (6.63%), 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 Compagnie de Saint-Gobain S.A. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.055 Buy Candidate Unchanged
Predicted Opening Price for Compagnie de Saint-Gobain S.A. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
80.77€ ( 0.232%) | 80.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGO.PA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.25 | 2.07 % | |
R2 | 81.68 | 1.37 % | ||
R1 | 81.33 | 0.93 % | ||
Current price: | 80.58 | |||
Support | S1 | 80.20 | -0.470 % | |
S2 | 79.85 | -0.90 % | ||
S3 | 79.29 | -1.61 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.66 | 2.58 % | |
R2 | 81.38 | 0.99 % | ||
R1 | 80.82 | 0.298 % | ||
Current price | 80.58 | |||
Support | S1 | 75.24 | -6.63% | |
S2 | 70.40 | -12.63% | ||
S3 | 69.71 | -13.49% |
SGO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 10, 2024 | Jun 10, 2024 | Jun 12, 2024 | 2.10€ | 2.61% |
2 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | 2.00€ | 3.64% |
3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | 1.63€ | 2.98% |
4 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | 1.33€ | 2.31% |
5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | 1.38€ | 4.16% |
FAQ
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