Sodexo S.A. Stock Forecast
Green day on Friday for Sodexo S.A.
(Updated on May 31, 2024)
The Sodexo S.A. stock price gained 0.293% on the last trading day (Friday, 31st May 2024), rising from 85.45€ to 85.70€. During the last trading day the stock fluctuated 1.46% from a day low at 85.35€ to a day high of 86.60€. The price has fallen in 5 of the last 10 days and is down by -0.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 390 thousand more shares were traded than the day before. In total, 552 thousand shares were bought and sold for approximately 47.34€ 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 87.02€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.05% during the next 3 months and, with a 90% probability hold a price between 89.87€ and 97.50€ at the end of this 3-month period.
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SW.PA Signals & Forecast
The Sodexo S.A. 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 85.64€ and 81.79€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -0.465%. 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 Sodexo S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 78.55€ and 77.76€. 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, Sodexo S.A. finds support just below today's level at 78.55€. If this is broken, then the next support from accumulated volume will be at 77.76€ and 76.52€.
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 1.25€ (1.46%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: 82.49€ (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (SW.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sodexo S.A. to open at 85.88€, and during the day (based on 14 day Average True Range), to move between 84.42€ and 86.98€, which gives a possible trading interval of +/-1.28€ (+/-1.50%) up or down from last closing price. If Sodexo S.A. takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 85.75€ (0.06%) than the support at 78.55€ (8.34%), 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 Sodexo 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 Sodexo S.A. stock to perform well in the short-term.
Current score: 4.084 Buy Candidate Unchanged
Predicted Opening Price for Sodexo S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 85.88€ ( 0.214%) | 85.70€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 87.13 | 1.67 % | |
| R2 | 86.66 | 1.12 % | ||
| R1 | 86.36 | 0.771 % | ||
| Current price: | 85.70 | |||
| Support | S1 | 85.41 | -0.343 % | |
| S2 | 85.11 | -0.687 % | ||
| S3 | 84.63 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.10 | 0.467 % | |
| R2 | 85.80 | 0.117 % | ||
| R1 | 85.75 | 0.0583 % | ||
| Current price | 85.70 | |||
| Support | S1 | 78.55 | -8.34% | |
| S2 | 77.76 | -9.26% | ||
| S3 | 76.52 | -10.71% |
SW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | 0€ | 0% |
| 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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