BOLLORE INVESTISSEME Stock Forecast

BOLLORE INVESTISSEME stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)

BOIVF Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 0.770%. 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 BOLLORE INVESTISSEME 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 $6.59 and $6.70. 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). BOLLORE INVESTISSEME gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for BOLLORE INVESTISSEME stock

BOLLORE INVESTISSEME finds support from accumulated volume at $6.42 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 $0.308 between high and low, or 4.70%. For the last week the stock has had daily average volatility of 3.95%.

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

Trading Expectations (BOIVF) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect BOLLORE INVESTISSEME to open at $6.64, and during the day (based on 14 day Average True Range), to move between $6.33 and $6.75, which gives a possible trading interval of +/-$0.206 (+/-3.16%) up or down from last closing price. If BOLLORE INVESTISSEME takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.60 (0.96%) than the support at $6.42 (1.81%), 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 BOLLORE INVESTISSEME stock A Buy?

The BOLLORE INVESTISSEME stock holds several negative signals and despite the positive trend, we believe BOLLORE INVESTISSEME will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.

Current score: -1.877 Sell Candidate Downgraded

Predicted Opening Price for BOLLORE INVESTISSEME of Monday, April 22, 2024

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