Schneider Electric S.E. Stock Forecast

Red day on Thursday for Schneider Electric S.E. stock after losing 0.327%
(Updated on May 02, 2024)

SND.F Signals & Forecast

The Schneider Electric S.E. 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 213.49€ and 211.77€. 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 Friday, March 15, 2024, and so far it has fallen -2.35%. Further fall is indicated until a new bottom pivot has been found. Schneider Electric S.E. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Schneider Electric S.E. stock

Schneider Electric S.E. finds support from accumulated volume at 208.55€ 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 2.30€ between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.64%.

Our recommended stop-loss: 206.25€ (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (SND.F) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Schneider Electric S.E. to open at 213.75€, and during the day (based on 14 day Average True Range), to move between 209.26€ and 217.84€, which gives a possible trading interval of +/-4.29€ (+/-2.01%) up or down from last closing price. If Schneider Electric S.E. takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 214.65€ (0.52%) than the support at 208.55€ (2.34%), 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 Schneider Electric S.E. 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 Schneider Electric S.E. stock to perform well in the short-term.

Current score: 4.074 Buy Candidate Unchanged

Predicted Opening Price for Schneider Electric S.E. of Friday, May 3, 2024

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