Groupe Bruxelles Lambert SA Stock Forecast

Groupe Bruxelles Lambert SA stock price up 0.85% on Monday
(Updated on Jul 13, 2020)

GBLB.BB Signals & Forecast

The Groupe Bruxelles Lambert SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 74.25€ and 72.78€. 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 is rising along with the price. This is considered to be a good technical 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, July 07, 2020, and so far it has fallen -0.419%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Groupe Bruxelles Lambert SA stock

Groupe Bruxelles Lambert SA finds support from accumulated volume at 75.30€ 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 1.48€ between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.69%.

Our recommended stop-loss: 72.27€ (-4.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GBLB.BB) For The Upcoming Trading Day Of Tuesday 14th

Since the stock is closer to the resistance from accumulated volume at 76.30€ (0.42%) than the support at 75.30€ (0.89%), 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 Groupe Bruxelles Lambert SA stock A Buy?

Groupe Bruxelles Lambert SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Groupe Bruxelles Lambert SA of Tuesday, July 14, 2020

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