Thermador Groupe SA Stock Forecast
Stronger technical forecast for Thermador Groupe SA stock price after Friday trading.
(Updated on May 31, 2024)
The Thermador Groupe SA stock price gained 2.15% on the last trading day (Friday, 31st May 2024), rising from 88.20€ to 90.10€. During the last trading day the stock fluctuated 2.62% from a day low at 87.80€ to a day high of 90.10€. The price has been going up and down for this period, and there has been a 2.5% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 582.41€ thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 91.06€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Thermador Groupe SA stock with a 90% probability to be traded between 81.82€ and 92.38€ 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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THEP.PA Signals & Forecast
The Thermador Groupe SA 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 87.23€ and 83.89€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 12.63%. Further rise is indicated until a new top pivot has been found. Thermador Groupe SA 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Thermador Groupe SA stock
Thermador Groupe SA finds support from accumulated volume at 88.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 2.30€ (2.62%) between high and low. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: 86.82€ (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (THEP.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Thermador Groupe SA to open at 89.33€, and during the day (based on 14 day Average True Range), to move between 88.23€ and 91.97€, which gives a possible trading interval of +/-1.87€ (+/-2.08%) up or down from last closing price. If Thermador Groupe SA takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 90.20€ (0.11%) than the support at 88.00€ (2.33%), 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 Thermador Groupe SA stock A Buy?
Thermador Groupe SA holds several positive signals and is considered to be a good choice at current levels. We expect the Thermador Groupe SA stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.335 Strong Buy Candidate Upgraded
Predicted Opening Price for Thermador Groupe SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 89.33€ ( 0.85%) | 90.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THEP.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.63 | 1.70 % | |
| R2 | 90.75 | 0.727 % | ||
| R1 | 90.21 | 0.124 % | ||
| Current price: | 90.10 | |||
| Support | S1 | 88.45 | -1.83 % | |
| S2 | 87.91 | -2.43 % | ||
| S3 | 87.03 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 90.20 | 0.111 % | ||
| Current price | 90.10 | |||
| Support | S1 | 88.00 | -2.33% | |
| S2 | 81.40 | -9.66% | ||
| S3 | 80.00 | -11.21% |
THEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 16, 2024 | 2.08€ | 2.49% |
| 2 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | 2.08€ | 2.31% |
| 3 | Apr 12, 2022 | Apr 12, 2022 | Apr 12, 2022 | 2.00€ | 2.21% |
| 4 | Apr 13, 2021 | Apr 13, 2021 | Apr 13, 2021 | 1.82€ | 2.24% |
| 5 | Feb 20, 2020 | Apr 09, 2020 | Apr 15, 2020 | 1.80€ | 3.76% |
FAQ
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