Thales S.A. Stock Forecast
Thales S.A. stock price fell more than -7.05% Friday closing at $32.19
(Updated on Jun 14, 2024)
The Thales S.A. stock price fell by -7.05% on the last day (Friday, 14th Jun 2024) from $34.63 to $32.19. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.02% from a day low at $31.67 to a day high of $32.31. The price has fallen in 6 of the last 10 days and is down by -11.37% for this period. Volume has increased on the last day by 7 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, 15 thousand shares were bought and sold for approximately $482.30 thousand.
Given the current short-term trend, the stock is expected to rise 8.84% during the next 3 months and, with a 90% probability hold a price between $35.03 and $40.98 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $35.59 and $35.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -13.84%. 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".
Support, Risk & Stop-loss for Thales S.A. stock
Thales S.A. finds support from accumulated volume at $31.94 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 $0.640 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THLLY) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Thales S.A. to open at $32.06, and during the day (based on 14 day Average True Range), to move between $31.43 and $32.95, which gives a possible trading interval of +/-$0.756 (+/-2.35%) up or down from last closing price. If Thales S.A. takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.94 (0.78%) than the resistance at $34.02 (5.68%), 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?
The Thales S.A. stock holds several negative signals and despite the positive trend, we believe Thales S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.238 Sell Candidate Unchanged
Predicted Opening Price for Thales S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $32.06 ( 0.414%) | $32.19 |
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 | 32.70 | 1.57% |
| R2 | 32.45 | 0.81% |
| R1 | 32.30 | 0.345% |
| Price | 32.19 | |
| S1 | 31.81 | -1.17% |
| S2 | 31.66 | -1.64% |
| S3 | 31.42 | -2.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.63 | 10.69% |
| R2 | 35.35 | 9.82% |
| R1 | 34.02 | 5.68% |
| Price | 32.19 | |
| S1 | 31.94 | -0.777% |
| S2 | 0 | - |
| S3 | 0 | - |
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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