Schneider Electric S.E. Stock Forecast

Schneider Electric S.E. stock price down 0.588% on Thursday
(Updated on Apr 25, 2024)

SU.PA Signals & Forecast

The Schneider Electric S.E. 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 210.15€ and 211.00€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 22, 2024, and so far it has fallen -3.05%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Schneider Electric S.E. stock

Schneider Electric S.E. finds support from accumulated volume at 209.80€ 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 6.60€ between high and low, or 3.17%. For the last week the stock has had daily average volatility of 2.90%.

Our recommended stop-loss: 202.90€ (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (SU.PA) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Schneider Electric S.E. to open at 211.67€, and during the day (based on 14 day Average True Range), to move between 206.15€ and 216.65€, which gives a possible trading interval of +/-5.25€ (+/-2.48%) up or down from last closing price. If Schneider Electric S.E. takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 212.65€ (0.59%) than the support at 209.80€ (0.76%), 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 Schneider Electric S.E. stock A Buy?

Schneider Electric S.E. 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: 0.895 Hold/Accumulate Unchanged

Predicted Opening Price for Schneider Electric S.E. of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.