STEF S.A. Stock Forecast
STEF S.A. stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The STEF S.A. stock price gained 1.23% on the last trading day (Thursday, 18th Apr 2024), rising from 130.60€ to 132.20€. During the last trading day the stock fluctuated 1.99% from a day low at 130.40€ to a day high of 133.00€. The price has risen in 5 of the last 10 days but is still down by -0.75% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 more shares were traded than the day before. In total, 655 shares were bought and sold for approximately 86.59€ thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 130.48€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.11% during the next 3 months and, with a 90% probability hold a price between 150.20€ and 167.51€ at the end of this 3-month period.
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STF.PA Signals & Forecast
The STEF S.A. 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 132.23€. On a fall, the stock will find some support from the long-term average at approximately 131.03€. 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. STEF 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, March 08, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for STEF S.A. stock
STEF S.A. finds support from accumulated volume at 127.60€ 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 2.60€ between high and low, or 1.99%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: 126.05€ (-4.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (STF.PA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect STEF S.A. to open at 131.87€, and during the day (based on 14 day Average True Range), to move between 129.18€ and 135.22€, which gives a possible trading interval of +/-3.02€ (+/-2.28%) up or down from last closing price. If STEF S.A. takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 133.00€ (0.61%) than the support at 127.60€ (3.48%), 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 STEF S.A. 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 STEF S.A. 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: 2.318 Buy Candidate Upgraded
Predicted Opening Price for STEF S.A. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 131.87€ ( 0.252%) | 132.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.47 | 1.71 % | |
| R2 | 133.47 | 0.96 % | ||
| R1 | 132.86 | 0.499 % | ||
| Current price: | 132.20 | |||
| Support | S1 | 130.87 | -1.00 % | |
| S2 | 130.26 | -1.47 % | ||
| S3 | 129.27 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 137.20 | 3.78 % | |
| R2 | 136.40 | 3.18 % | ||
| R1 | 133.00 | 0.605 % | ||
| Current price | 132.20 | |||
| Support | S1 | 127.60 | -3.48% | |
| S2 | 119.80 | -9.38% | ||
| S3 | 117.40 | -11.20% |
STF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 5.10€ | 3.85% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | 4.00€ | 3.85% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 3.00€ | 3.28% |
| 4 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 2.50€ | 2.69% |
| 5 | Nov 17, 2020 | Nov 17, 2020 | Nov 17, 2020 | 1.50€ | 2.11% |
FAQ
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