Vetoquinol SA Stock Forecast
Vetoquinol SA stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Vetoquinol SA stock price gained 1.01% on the last trading day (Wednesday, 24th Apr 2024), rising from 98.90€ to 99.90€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.21% from a day low at 99.00€ to a day high of 100.20€. The price has risen in 7 of the last 10 days and is up by 4.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 132 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately 338.46€ thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.43% during the next 3 months and, with a 90% probability hold a price between 88.00€ and 96.09€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VETO.PA Signals & Forecast
Mostly positive signals in the chart today. The Vetoquinol SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 97.36€ and 99.54€. 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 5.71%. 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). Vetoquinol 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.
Support, Risk & Stop-loss for Vetoquinol SA stock
Vetoquinol SA finds support from accumulated volume at 99.00€ 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 1.20€ between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: 95.93€ (-3.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (VETO.PA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Vetoquinol SA to open at 99.70€, and during the day (based on 14 day Average True Range), to move between 97.82€ and 101.98€, which gives a possible trading interval of +/-2.08€ (+/-2.09%) up or down from last closing price. If Vetoquinol SA takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 100.80€ (0.90%) than the support at 99.00€ (0.90%), 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 Vetoquinol SA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.237 Buy Candidate Upgraded
Predicted Opening Price for Vetoquinol SA of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 99.70€ ( 0.200%) | 99.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VETO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.90 | 1.00 % | |
| R2 | 100.44 | 0.542 % | ||
| R1 | 100.16 | 0.259 % | ||
| Current price: | 99.90 | |||
| Support | S1 | 99.24 | -0.659 % | |
| S2 | 98.96 | -0.94 % | ||
| S3 | 98.50 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.20 | 4.30 % | |
| R2 | 101.00 | 1.10 % | ||
| R1 | 100.80 | 0.90 % | ||
| Current price | 99.90 | |||
| Support | S1 | 99.00 | -0.90% | |
| S2 | 97.80 | -2.10% | ||
| S3 | 96.40 | -3.50% |
VETO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 06, 2024 | 0.85€ | 0.85% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | 0.80€ | 0.90% |
| 3 | Jun 03, 2022 | Jun 03, 2022 | Jun 03, 2022 | 0.80€ | 0.671% |
| 4 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | 0.500€ | 0.460% |
| 5 | Mar 26, 2020 | Jun 02, 2020 | Jun 04, 2020 | 0.380€ | 0.667% |
FAQ
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