SQLI SA Stock Forecast
SQLI SA stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The SQLI SA stock price fell by -0.476% on the last day (Friday, 17th May 2024) from 42.00€ to 41.80€. During the last trading day the stock fluctuated 0.478% from a day low at 41.80€ to a day high of 42.00€. The price has risen in 5 of the last 10 days but is still down by -1.88% for this period. Volume has increased on the last day by 320 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 340 shares were bought and sold for approximately 14.21€ thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 41.42€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SQLI SA stock with a 90% probability to be traded between 41.87€ and 44.89€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SQI.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SQLI SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 42.00€ and 42.85€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). SQLI SA 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 SQLI SA stock
SQLI SA finds support from accumulated volume at 41.60€ 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 0.200€ between high and low, or 0.478%. For the last week the stock has had daily average volatility of 0.480%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SQI.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SQLI SA to open at 41.87€, and during the day (based on 14 day Average True Range), to move between 41.31€ and 42.29€, which gives a possible trading interval of +/-0.494€ (+/-1.18%) up or down from last closing price. If SQLI SA takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 41.60€ (0.48%) than the resistance at 42.20€ (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SQLI SA stock A Buy?
SQLI SA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.196 Sell Candidate Downgraded
Predicted Opening Price for SQLI SA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 41.87€ ( 0.159%) | 41.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SQI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.07 | 0.638 % | |
| R2 | 41.99 | 0.455 % | ||
| R1 | 41.94 | 0.342 % | ||
| Current price: | 41.80 | |||
| Support | S1 | 41.79 | -0.0233 % | |
| S2 | 41.74 | -0.136 % | ||
| S3 | 41.67 | -0.319 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.00 | 2.87 % | |
| R2 | 42.60 | 1.91 % | ||
| R1 | 42.20 | 0.96 % | ||
| Current price | 41.80 | |||
| Support | S1 | 41.60 | -0.478% | |
| S2 | 41.40 | -0.96% | ||
| S3 | 0 | . |
SQI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2017 | Jul 21, 2017 | Jul 25, 2017 | 0.86€ | 1.93% |
| 2 | Mar 22, 2016 | Jul 13, 2016 | Jul 15, 2016 | 0.585€ | 1.77% |
| 3 | Apr 30, 2015 | Jul 21, 2015 | Jul 23, 2015 | 0.439€ | 1.94% |
| 4 | Mar 27, 2014 | Jul 18, 2014 | Jul 23, 2014 | 0.546€ | 2.95% |
| 5 | Mar 26, 2013 | Jul 19, 2013 | Jul 24, 2013 | 0.351€ | 3.13% |
FAQ
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