Compagnie Immobiliere de Belgique SA Stock Forecast

Evaluation of Compagnie Immobiliere de Belgique SA stock downgraded after the last trading session.
(Updated on Apr 25, 2024)

IMMO.BB Signals & Forecast

There are few to no technical positive signals at the moment. The Compagnie Immobiliere de Belgique SA 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 26.53€ and 26.55€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -10.65%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Compagnie Immobiliere de Belgique SA stock

Compagnie Immobiliere de Belgique SA finds support from accumulated volume at 25.30€ 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 0.650€ between high and low, or 2.51%. For the last week the stock has had daily average volatility of 2.61%.

Compagnie Immobiliere de Belgique SA is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (IMMO.BB) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Compagnie Immobiliere de Belgique SA to open at 26.15€, and during the day (based on 14 day Average True Range), to move between 25.17€ and 26.83€, which gives a possible trading interval of +/-0.83€ (+/-3.17%) up or down from last closing price. If Compagnie Immobiliere de Belgique SA takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 26.55€ (2.12%) than the support at 25.30€ (2.69%), 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 Compagnie Immobiliere de Belgique SA stock A Buy?

The Compagnie Immobiliere de Belgique SA stock holds several negative signals and despite the positive trend, we believe Compagnie Immobiliere de Belgique SA 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 Sell to a Strong Sell candidate.

Current score: -5.147 Strong Sell Candidate Downgraded

Predicted Opening Price for Compagnie Immobiliere de Belgique SA of Friday, April 26, 2024

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