SOLVAC S.A. Stock Forecast
Stronger technical forecast for SOLVAC S.A. stock price after Monday trading.
(Updated on May 06, 2024)
The SOLVAC S.A. stock price gained 2.86% on the last trading day (Monday, 6th May 2024), rising from 105.00€ to 108.00€. During the last trading day the stock fluctuated 1.89% from a day low at 106.00€ to a day high of 108.00€. The price has risen in 6 of the last 10 days and is up by 2.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 944 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 260.28€ thousand.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 109.14€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.10% during the next 3 months and, with a 90% probability hold a price between 97.19€ and 103.58€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SOLV.BB Signals & Forecast
The SOLVAC S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 105.00€ and 106.80€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.85%. Further rise is indicated until a new top pivot has been found. SOLVAC S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SOLVAC S.A. stock
SOLVAC S.A. finds support from accumulated volume at 107.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 2.00€ (1.89%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: 102.99€ (-4.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (SOLV.BB) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SOLVAC S.A. to open at 107.33€, and during the day (based on 14 day Average True Range), to move between 105.63€ and 110.37€, which gives a possible trading interval of +/-2.37€ (+/-2.19%) up or down from last closing price. If SOLVAC S.A. takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 108.50€ (0.46%) than the support at 107.00€ (0.93%), 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 SOLVAC S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.048 Buy Candidate Upgraded
Predicted Opening Price for SOLVAC S.A. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| 107.33€ ( 0.617%) | 108.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOLV.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 109.33 | 1.23 % | |
| R2 | 108.57 | 0.527 % | ||
| R1 | 108.10 | 0.0901 % | ||
| Current price: | 108.00 | |||
| Support | S1 | 106.57 | -1.32 % | |
| S2 | 106.10 | -1.76 % | ||
| S3 | 105.33 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.00 | 1.85 % | |
| R2 | 109.00 | 0.93 % | ||
| R1 | 108.50 | 0.463 % | ||
| Current price | 108.00 | |||
| Support | S1 | 107.00 | -0.93% | |
| S2 | 106.00 | -1.85% | ||
| S3 | 104.00 | -3.70% |
SOLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | 2.46€ | 0% |
| 2 | Dec 20, 2022 | Dec 20, 2022 | Dec 20, 2022 | 2.32€ | 0% |
| 3 | Aug 04, 2022 | Aug 04, 2022 | Aug 04, 2022 | 3.26€ | 0% |
| 4 | Dec 15, 2021 | Dec 15, 2021 | Dec 15, 2021 | 2.18€ | 0% |
| 5 | Aug 04, 2021 | Aug 04, 2021 | Aug 04, 2021 | 3.26€ | 0% |
FAQ
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