SPIE SA Stock Forecast
Green day on Thursday for SPIE SA
(Updated on May 09, 2024)
The SPIE SA stock price gained 0.664% on the last trading day (Thursday, 9th May 2024), rising from 36.14€ to 36.38€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.00% from a day low at 36.04€ to a day high of 36.40€. The price has risen in 7 of the last 10 days and is up by 7% over the past 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 119 thousand shares were bought and sold for approximately 4.34€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 13.82% during the next 3 months and, with a 90% probability hold a price between 39.32€ and 42.39€ at the end of this 3-month period.
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SPIE.PA Signals & Forecast
The SPIE 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 35.23€ and 34.40€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.86%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for SPIE SA stock
SPIE SA finds support from accumulated volume at 34.94€ 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 0.360€ (1.00%) between high and low. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: 34.93€ (-3.97%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SPIE.PA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect SPIE SA to open at 36.27€, and during the day (based on 14 day Average True Range), to move between 35.75€ and 37.01€, which gives a possible trading interval of +/-0.634€ (+/-1.74%) up or down from last closing price. If SPIE SA takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 34.94€, some 1.44€ (3.96%) from the current price of 36.38€, our system finds the risk reward attractive.
Is SPIE SA stock A Buy?
SPIE SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for SPIE SA of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 36.27€ ( 0.293%) | 36.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPIE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.63 | 0.696 % | |
| R2 | 36.50 | 0.318 % | ||
| R1 | 36.41 | 0.0848 % | ||
| Current price: | 36.38 | |||
| Support | S1 | 36.14 | -0.671 % | |
| S2 | 36.05 | -0.90 % | ||
| S3 | 35.91 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 36.38 | |||
| Support | S1 | 34.94 | -3.96% | |
| S2 | 33.82 | -7.04% | ||
| S3 | 30.80 | -15.34% |
SPIE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 16, 2024 | 0.610€ | 1.68% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.550€ | 1.92% |
| 3 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | 0.180€ | 0.81% |
| 4 | May 20, 2022 | May 20, 2022 | May 20, 2022 | 0.470€ | 2.18% |
| 5 | Sep 23, 2021 | Sep 23, 2021 | Sep 23, 2021 | 0.130€ | 0.638% |
FAQ
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