Thales S.A. Stock Forecast
Stronger technical forecast for Thales S.A. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Thales S.A. stock price fell by -0.686% on the last day (Tuesday, 25th Jun 2024) from $33.51 to $33.28. During the last trading day the stock fluctuated 1.80% from a day low at $32.80 to a day high of $33.39. The price has fallen in 6 of the last 10 days and is down by -9.27% for this period. Volume has increased on the last day by 1 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, 1 thousand shares were bought and sold for approximately $43.66 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $32.32 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 3.70% during the next 3 months and, with a 90% probability hold a price between $33.51 and $39.01 at the end of this 3-month period.
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THLLY Signals & Forecast
There are few to no technical positive signals at the moment. The Thales S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $35.42. On a fall, the stock will find some support from the short-term average at $33.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.74%. 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). Thales S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Thales S.A. stock
Thales S.A. finds support from accumulated volume at $33.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.590 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 0.685%.
Our recommended stop-loss: $32.00 (-3.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (THLLY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Thales S.A. to open at $33.16, and during the day (based on 14 day Average True Range), to move between $32.63 and $33.93, which gives a possible trading interval of +/-$0.649 (+/-1.95%) up or down from last closing price. If Thales S.A. takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.08 (0.60%) than the resistance at $34.02 (2.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Thales S.A. stock A Buy?
Thales S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Thales S.A. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$33.16 ( 0.371%) | $33.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THLLY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 33.75 | 1.40% |
R2 | 33.52 | 0.725% |
R1 | 33.38 | 0.307% |
Price | 33.28 | |
S1 | 32.93 | -1.05% |
S2 | 32.79 | -1.47% |
S3 | 32.57 | -2.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.63 | 7.06% |
R2 | 35.35 | 6.22% |
R1 | 34.02 | 2.22% |
Price | 33.28 | |
S1 | 33.08 | -0.601% |
S2 | 33.06 | -0.661% |
S3 | 32.81 | -1.41% |
THLLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 17, 2024 | May 17, 2024 | Jun 10, 2024 | $0.553 | 1.51% |
2 | Nov 17, 2023 | Dec 01, 2023 | Dec 21, 2023 | $0.174 | 0.587% |
3 | May 17, 2023 | May 19, 2023 | Jun 16, 2023 | $0.489 | 1.66% |
4 | Dec 01, 2022 | Dec 06, 2022 | Dec 22, 2022 | $0.136 | 0.534% |
5 | May 13, 2022 | May 13, 2022 | Jun 10, 2022 | $0.434 | 1.84% |
FAQ
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