Essilor International SA-ADR Stock Forecast
Essilor International SA-ADR stock upgraded to Buy Candidate.
(Updated on May 07, 2024)
The Essilor International SA-ADR stock price gained 3.15% on the last trading day (Tuesday, 7th May 2024), rising from $107.28 to $110.66. During the last trading day the stock fluctuated 1.99% from a day low at $108.75 to a day high of $110.91. The price has fallen in 6 of the last 10 days but is still up by 0.79% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 19 thousand shares were bought and sold for approximately $2.06 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.11% during the next 3 months and, with a 90% probability hold a price between $111.47 and $124.36 at the end of this 3-month period.
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ESLOY Signals & Forecast
The Essilor International SA-ADR 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 $108.22 and $110.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, March 20, 2024, and so far it has fallen -3.94%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Essilor International SA-ADR stock
Essilor International SA-ADR finds support from accumulated volume at $108.64 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 $2.16 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $105.96 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (ESLOY) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Essilor International SA-ADR to open at $110.11, and during the day (based on 14 day Average True Range), to move between $108.99 and $112.33, which gives a possible trading interval of +/-$1.67 (+/-1.51%) up or down from last closing price. If Essilor International SA-ADR takes out the full calculated possible swing range there will be an estimated 3.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $112.15 (1.35%) than the support at $108.64 (1.83%), 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 Essilor International SA-ADR stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Essilor International SA-ADR stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.944 Buy Candidate Upgraded
Predicted Opening Price for Essilor International SA-ADR of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $110.11 ( 0.500%) | $110.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESLOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.27 | 1.45 % | |
| R2 | 111.44 | 0.706 % | ||
| R1 | 110.93 | 0.246 % | ||
| Current price: | 110.66 | |||
| Support | S1 | 109.28 | -1.25 % | |
| S2 | 108.77 | -1.71 % | ||
| S3 | 107.95 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.37 | 2.45 % | |
| R2 | 112.51 | 1.67 % | ||
| R1 | 112.15 | 1.35 % | ||
| Current price | 110.66 | |||
| Support | S1 | 108.64 | -1.83% | |
| S2 | 105.99 | -4.22% | ||
| S3 | 101.50 | -8.28% |
ESLOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | Jun 18, 2024 | $2.11 | 1.91% |
| 2 | May 22, 2023 | May 22, 2023 | Jun 28, 2023 | $1.77 | 1.86% |
| 3 | May 27, 2022 | May 27, 2022 | Jul 06, 2022 | $1.33 | 1.80% |
| 4 | May 27, 2021 | Jun 04, 2021 | Jul 06, 2021 | $0.660 | 0.735% |
| 5 | Dec 30, 2020 | Dec 30, 2020 | Dec 30, 2020 | $0.702 | 0.89% |
FAQ
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