Verallia Société Anonyme Stock Forecast

Verallia Société Anonyme stock downgraded to Sell Candidate
(Updated on Jun 21, 2024)

VRLA.PA Signals & Forecast

There are few to no technical positive signals at the moment. The Verallia Société Anonyme 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 36.91€ and 37.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -3.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Verallia Société Anonyme stock

Verallia Société Anonyme finds support from accumulated volume at 36.80€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.58€ between high and low, or 4.33%. For the last week the stock has had daily average volatility of 2.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VRLA.PA) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Verallia Société Anonyme to open at 37.15€, and during the day (based on 14 day Average True Range), to move between 36.02€ and 37.70€, which gives a possible trading interval of +/-0.84€ (+/-2.27%) up or down from last closing price. If Verallia Société Anonyme takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 36.80€ (0.16%) than the resistance at 37.08€ (0.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Verallia Société Anonyme stock A Buy?

Verallia Société Anonyme holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -3.444 Sell Candidate Downgraded

Predicted Opening Price for Verallia Société Anonyme of Monday, June 24, 2024

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