Touax SCA Stock Forecast
Touax SCA stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Touax SCA stock price fell by -0.206% on the last day (Friday, 17th May 2024) from 4.85€ to 4.84€. During the last trading day the stock fluctuated 1.25% from a day low at 4.79€ to a day high of 4.85€. The price has fallen in 5 of the last 10 days but is still up by 1.04% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 7 thousand shares were bought and sold for approximately 33.98€ thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.94% during the next 3 months and, with a 90% probability hold a price between 4.70€ and 5.31€ at the end of this 3-month period.
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TOUP.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.11%. Further rise is indicated until a new top pivot has been found. 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 Touax SCA 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 4.86€ and 4.85€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should go up by 3.01% to 4.99€ within 14 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Touax SCA stock
Touax SCA finds support from accumulated volume at 4.80€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.0600€ between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.41%
Our recommended stop-loss: 4.57€ (-5.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TOUP.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Touax SCA to open at 4.83€, and during the day (based on 14 day Average True Range), to move between 4.75€ and 4.93€, which gives a possible trading interval of +/-0.0887€ (+/-1.83%) up or down from last closing price. If Touax SCA takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.85€ (0.21%) than the support at 4.80€ (0.83%), 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 Touax SCA stock A Buy?
Touax SCA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.474 Hold/Accumulate Downgraded
Predicted Opening Price for Touax SCA of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 4.83€ ( 0.275%) | 4.84€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOUP.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.89 | 0.96 % | |
| R2 | 4.86 | 0.491 % | ||
| R1 | 4.85 | 0.198 % | ||
| Current price: | 4.84 | |||
| Support | S1 | 4.80 | -0.749 % | |
| S2 | 4.79 | -1.04 % | ||
| S3 | 4.77 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.08 | 4.96 % | |
| R2 | 4.98 | 2.89 % | ||
| R1 | 4.85 | 0.207 % | ||
| Current price | 4.84 | |||
| Support | S1 | 4.80 | -0.83% | |
| S2 | 4.76 | -1.65% | ||
| S3 | 4.49 | -7.23% |
TOUP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Jul 10, 2024 | 0.120€ | 2.48% |
| 2 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | 0.100€ | 1.49% |
| 3 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | 0.100€ | 1.46% |
| 4 | Dec 22, 2014 | Dec 30, 2014 | Jan 02, 2015 | 0.498€ | 3.29% |
| 5 | Mar 27, 2014 | Jul 04, 2014 | Jul 09, 2014 | 0.249€ | 1.42% |
FAQ
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