Vranken-Pommery Monopole - Société Stock Forecast

Vranken-Pommery Monopole - Société stock price up 0.93% on Friday
(Updated on May 31, 2024)

VRAP.PA Signals & Forecast

The Vranken-Pommery Monopole - Société stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 15.99€ and 15.67€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 7.92%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vranken-Pommery Monopole - Société stock

Vranken-Pommery Monopole - Société finds support from accumulated volume at 15.90€ 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 0.200€ between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.45%

The Vranken-Pommery Monopole - Société stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 15.86€ (-2.98%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (VRAP.PA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Vranken-Pommery Monopole - Société Anonyme to open at 16.28€, and during the day (based on 14 day Average True Range), to move between 16.07€ and 16.63€, which gives a possible trading interval of +/-0.283€ (+/-1.73%) up or down from last closing price. If Vranken-Pommery Monopole - Société Anonyme takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 15.90€, some 0.450€ (2.75%) from the current price of 16.35€, our system finds the risk reward attractive.

Is Vranken-Pommery Monopole - Société Anonyme stock A Buy?

Vranken-Pommery Monopole - Société 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Vranken-Pommery Monopole - Société Anonyme of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.