Veolia Environnement S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for Veolia Environnement S.A. stock after losing 0.562%
(Updated on Jul 02, 2024)
The Veolia Environnement S.A. stock price fell by -0.562% on the last day (Tuesday, 2nd Jul 2024) from 28.46€ to 28.30€. During the last trading day the stock fluctuated 1.25% from a day low at 28.04€ to a day high of 28.39€. The price has fallen in 6 of the last 10 days and is down by -0.28% for this period. 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 -708 thousand shares and in total, 2 million shares were bought and sold for approximately 49.35€ million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 27.75€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Veolia Environnement S.A. stock with a 90% probability to be traded between 28.02€ and 31.90€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VIE.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Veolia Environnement S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 28.48€ and 29.82€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 6.47% to 30.13€ within 43 trading days since signal was issued (Friday, August 16, 2024).
Support, Risk & Stop-loss for Veolia Environnement S.A. stock
Veolia Environnement S.A. finds support from accumulated volume at 27.94€ 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 0.350€ between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: 26.56€ (-6.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (VIE.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Veolia Environnement S.A. to open at 28.24€, and during the day (based on 14 day Average True Range), to move between 27.62€ and 28.98€, which gives a possible trading interval of +/-0.683€ (+/-2.41%) up or down from last closing price. If Veolia Environnement S.A. takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 27.94€ (1.27%) than the resistance at 28.75€ (1.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Veolia Environnement S.A. stock A Buy?
Veolia Environnement 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.
Current score: -0.170 Hold/Accumulate Unchanged
Predicted Opening Price for Veolia Environnement S.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 28.24€ ( 0.200%) | 28.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.59 | 1.04% |
| R2 | 28.46 | 0.564% |
| R1 | 28.38 | 0.272% |
| Price | 28.30 | |
| S1 | 28.11 | -0.673% |
| S2 | 28.03 | -0.96% |
| S3 | 27.89 | -1.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.57 | 8.02% |
| R2 | 29.16 | 3.04% |
| R1 | 28.75 | 1.59% |
| Price | 28.30 | |
| S1 | 27.94 | -1.27% |
| S2 | 27.92 | -1.34% |
| S3 | 27.70 | -2.12% |
VIE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 10, 2024 | 1.25€ | 4.27% |
| 2 | Apr 08, 2024 | Apr 08, 2024 | Apr 08, 2024 | 1.25€ | 4.33% |
| 3 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 1.12€ | 4.05% |
| 4 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | 1.00€ | 4.50% |
| 5 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.675€ | 2.72% |
FAQ
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