Tipiak Société Anonyme Stock Forecast
Tipiak Société Anonyme stock downgraded to Hold/Accumulate
(Updated on May 31, 2024)
The Tipiak Société Anonyme stock price fell by -1.15% on the last day (Friday, 31st May 2024) from 87.00€ to 86.00€. During the last trading day the stock fluctuated 0% from a day low at 86.00€ to a day high of 86.00€. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 24 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, 24 shares were bought and sold for approximately 2.06€ thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 86.05€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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TIPI.PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tipiak Société Anonyme 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 86.86€ and 86.59€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. Tipiak Société Anonyme 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.
A sell signal from a double top formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should fall by -0.95% to 85.18€ within 22 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Tipiak Société Anonyme stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: 82.89€ (-3.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TIPI.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Tipiak Société Anonyme to open at 86.00€, and during the day (based on 14 day Average True Range), to move between 85.77€ and 86.23€, which gives a possible trading interval of +/-0.231€ (+/-0.27%) up or down from last closing price. If Tipiak Société Anonyme takes out the full calculated possible swing range there will be an estimated 0.54% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 86.50€, some 0.500€ (0.58%) from the current price of 86.00€, our system finds the risk reward not very attractive.
Is Tipiak Société Anonyme stock A Buy?
Tipiak Société Anonyme 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Tipiak Société Anonyme of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 86.00€ ( 0%) | 86.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIPI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.00 | . | |
| R2 | 86.00 | . | ||
| R1 | 86.00 | . | ||
| Current price: | 86.00 | |||
| Support | S1 | 86.00 | . | |
| S2 | 86.00 | . | ||
| S3 | 86.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 87.00 | 1.16 % | ||
| R1 | 86.50 | 0.581 % | ||
| Current price | 86.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TIPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 1.65€ | 2.73% |
| 2 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | 1.65€ | 2.44% |
| 3 | Jul 02, 2021 | Jul 02, 2021 | Jul 02, 2021 | 1.65€ | 2.26% |
| 4 | May 01, 2020 | Jul 02, 2020 | Jul 06, 2020 | 1.10€ | 1.77% |
| 5 | Mar 18, 2019 | Jul 02, 2019 | Jul 04, 2019 | 2.20€ | 2.89% |
FAQ
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