Sodexo S.A. Stock Forecast
Evaluation of Sodexo S.A. stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Sodexo S.A. stock price fell by -4.73% on the last day (Tuesday, 2nd Jul 2024) from 85.70€ to 81.65€. During the last trading day the stock fluctuated 4.82% from a day low at 79.85€ to a day high of 83.70€. The price has been going up and down for this period, and there has been a -4.05% loss for the last 2 weeks. Volume has increased on the last day by 293 thousand 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, 502 thousand shares were bought and sold for approximately 41.02€ million.
Given the current short-term trend, the stock is expected to rise 12.58% during the next 3 months and, with a 90% probability hold a price between 91.92€ and 103.86€ at the end of this 3-month period.
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SW.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Sodexo S.A. 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 84.66€ and 85.57€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -8.41%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sodexo S.A. stock
Sodexo S.A. finds support from accumulated volume at 80.10€ 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 3.85€ between high and low, or 4.82%. For the last week the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SW.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sodexo S.A. to open at 81.73€, and during the day (based on 14 day Average True Range), to move between 79.91€ and 83.39€, which gives a possible trading interval of +/-1.74€ (+/-2.13%) up or down from last closing price. If Sodexo S.A. takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 80.10€ (1.90%) than the resistance at 84.00€ (2.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sodexo S.A. stock A Buy?
The Sodexo S.A. stock holds several negative signals and despite the positive trend, we believe Sodexo S.A. will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.538 Sell Candidate Downgraded
Predicted Opening Price for Sodexo S.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 81.73€ ( 0.102%) | 81.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SW.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 85.58 | 4.82% |
| R2 | 84.11 | 3.02% |
| R1 | 83.20 | 1.90% |
| Price | 81.65 | |
| S1 | 80.26 | -1.70% |
| S2 | 79.35 | -2.81% |
| S3 | 77.88 | -4.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 85.70 | 4.96% |
| R2 | 85.55 | 4.78% |
| R1 | 84.00 | 2.88% |
| Price | 81.65 | |
| S1 | 80.10 | -1.90% |
| S2 | 78.65 | -3.67% |
| S3 | 78.55 | -3.80% |
SW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 22, 2023 | 3.10€ | 4.19% |
| 2 | Dec 23, 2022 | Dec 23, 2022 | Dec 23, 2022 | 2.40€ | 3.68% |
| 3 | Dec 17, 2021 | Dec 17, 2021 | Dec 17, 2021 | 2.00€ | 3.70% |
| 4 | Nov 07, 2019 | Jan 30, 2020 | Feb 03, 2020 | 2.90€ | 4.17% |
| 5 | Nov 08, 2018 | Jan 30, 2019 | Feb 01, 2019 | 2.75€ | 3.01% |
FAQ
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