Schneider Electric S.E. Stock Forecast

Schneider Electric S.E. stock price ended at 229.35€ on Friday, after losing 1.46%.
(Updated on May 17, 2024)

SND.F Signals & Forecast

The Schneider Electric S.E. 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 232.81€. On a fall, the stock will find some support from the long-term average at approximately 215.93€. 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, May 15, 2024, and so far it has fallen -3.06%. 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".

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

On the downside, the stock finds support just below today's level from accumulated volume at 215.35€ and 209.50€. 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, Schneider Electric S.E. finds support just below today's level at 215.35€. If this is broken, then the next support from accumulated volume will be at 209.50€ and 208.55€.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 4.50€ between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 1.41%.

Our recommended stop-loss: 220.72€ (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SND.F) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Schneider Electric S.E. to open at 229.68€, and during the day (based on 14 day Average True Range), to move between 225.42€ and 233.28€, which gives a possible trading interval of +/-3.93€ (+/-1.71%) 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 3.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 233.55€ (1.83%) than the support at 215.35€ (6.10%), 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: 1.173 Buy Candidate Unchanged

Predicted Opening Price for Schneider Electric S.E. of Monday, May 20, 2024

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