Veolia Environnement S.A. Stock Forecast
Veolia Environnement S.A. stock price up 0.410% on Friday
(Updated on May 03, 2024)
The Veolia Environnement S.A. stock price gained 0.410% on the last trading day (Friday, 3rd May 2024), rising from 29.24€ to 29.36€. During the last trading day the stock fluctuated 1.84% from a day low at 29.34€ to a day high of 29.88€. The price has risen in 7 of the last 10 days and is up by 2.51% 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, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 109.16€ 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 -3.12% during the next 3 months and, with a 90% probability hold a price between 26.57€ and 29.02€ 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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VVD.F Signals & Forecast
Mostly positive signals in the chart today. The Veolia Environnement S.A. 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 29.03€ and 29.08€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.30%. 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). Veolia Environnement S.A. 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 Veolia Environnement S.A. stock
Veolia Environnement S.A. finds support from accumulated volume at 29.11€ 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 0.540€ between high and low, or 1.84%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: 27.97€ (-4.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (VVD.F) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Veolia Environnement S.A. to open at 29.53€, and during the day (based on 14 day Average True Range), to move between 28.85€ and 29.87€, which gives a possible trading interval of +/-0.506€ (+/-1.72%) 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 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 29.52€ (0.54%) than the support at 29.11€ (0.85%), 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 Veolia Environnement S.A. 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.
Current score: 1.757 Buy Candidate Unchanged
Predicted Opening Price for Veolia Environnement S.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 29.53€ ( 0.568%) | 29.36€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVD.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.07 | 2.41 % | |
| R2 | 29.86 | 1.70 % | ||
| R1 | 29.73 | 1.27 % | ||
| Current price: | 29.36 | |||
| Support | S1 | 29.32 | -0.135 % | |
| S2 | 29.19 | -0.569 % | ||
| S3 | 28.99 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.21 | 2.90 % | |
| R2 | 30.09 | 2.49 % | ||
| R1 | 29.52 | 0.545 % | ||
| Current price | 29.36 | |||
| Support | S1 | 29.11 | -0.85% | |
| S2 | 28.86 | -1.70% | ||
| S3 | 28.80 | -1.91% |
VVD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 10, 2024 | 1.25€ | 0% |
| 2 | Apr 08, 2024 | Apr 08, 2024 | Apr 08, 2024 | 0€ | 0% |
| 3 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 1.12€ | 0% |
| 4 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | 1.00€ | 0% |
| 5 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.675€ | 0% |
FAQ
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