Veolia Environnement S.A. Stock Forecast

Green day on Friday for Veolia Environnement S.A. stock after gaining 0.360%
(Updated on May 24, 2024)

VVD.F Signals & Forecast

The Veolia Environnement S.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 30.70€. On a fall, the stock will find some support from the long-term average at approximately 29.35€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.745%. 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 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 Veolia Environnement S.A. stock

Veolia Environnement S.A. finds support from accumulated volume at 30.06€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.260€ between high and low, or 0.86%. For the last week the stock has had daily average volatility of 1.19%.

Our recommended stop-loss: 29.59€ (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (VVD.F) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Veolia Environnement S.A. to open at 30.57€, and during the day (based on 14 day Average True Range), to move between 30.09€ and 31.23€, which gives a possible trading interval of +/-0.572€ (+/-1.87%) 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 3.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 30.71€ (0.16%) than the support at 30.06€ (1.96%), 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?

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: -0.544 Hold/Accumulate Unchanged

Predicted Opening Price for Veolia Environnement S.A. of Monday, May 27, 2024

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