SPIE SA Stock Forecast
Green day on Friday for SPIE SA stock after gaining 0.743%
(Updated on May 31, 2024)
The SPIE SA stock price gained 0.743% on the last trading day (Friday, 31st May 2024), rising from 37.66€ to 37.94€. During the last trading day the stock fluctuated 1.23% from a day low at 37.48€ to a day high of 37.94€. The price has been going up and down for this period, and there has been a 2.54% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 382 thousand more shares were traded than the day before. In total, 560 thousand shares were bought and sold for approximately 21.25€ million.
The stock lies in the upper part of a strong rising 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 38.13€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.13% during the next 3 months and, with a 90% probability hold a price between 39.83€ and 42.76€ 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 37.36€ and 35.54€. 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 13.52%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 SPIE SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 35.00€ and 34.94€. 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, SPIE SA finds support just below today's level at 35.00€. If this is broken, then the next support from accumulated volume will be at 34.94€ and 33.82€.
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 0.460€ (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: 36.53€ (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (SPIE.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect SPIE SA to open at 37.79€, and during the day (based on 14 day Average True Range), to move between 37.34€ and 38.54€, which gives a possible trading interval of +/-0.597€ (+/-1.57%) up or down from last closing price. If SPIE SA takes out the full calculated possible swing range there will be an estimated 3.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 35.00€, some 2.94€ (7.75%) from the current price of 37.94€, our system finds the risk reward attractive.
Is SPIE SA stock A Buy?
SPIE SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.082 Strong Buy Candidate Unchanged
Predicted Opening Price for SPIE SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 37.79€ ( 0.404%) | 37.94€ |
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 | 38.25 | 0.81 % | |
| R2 | 38.07 | 0.345 % | ||
| R1 | 37.96 | 0.0590 % | ||
| Current price: | 37.94 | |||
| Support | S1 | 37.61 | -0.87 % | |
| S2 | 37.50 | -1.15 % | ||
| S3 | 37.33 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 37.94 | |||
| Support | S1 | 35.00 | -7.75% | |
| S2 | 34.94 | -7.91% | ||
| S3 | 33.82 | -10.86% |
SPIE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 16, 2024 | 0.610€ | 1.69% |
| 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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