RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MGDDY
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Compagnie Generale DES Etablissements stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 2.99% PDF

The Compagnie Generale DES Etablissements stock price gained 0.469% on the last trading day (Wednesday, 27th Mar 2024), rising from $19.18 to $19.27. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.07% from a day low at $19.13 to a day high of $19.34. The price has risen in 7 of the last 10 days and is up by 2.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 96 thousand shares were bought and sold for approximately $1.86 million.

The stock lies in the middle of a wide and strong 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 14.69% during the next 3 months and, with a 90% probability hold a price between $20.56 and $22.89 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

MGDDY Signals & Forecast

The Compagnie Generale DES Etablissements 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 $19.27. On a fall, the stock will find some support from the long-term average at approximately $18.38. 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. 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 Wednesday, March 20, 2024, and so far it has fallen -2.43%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Compagnie Generale DES Etablissements stock

Compagnie Generale DES Etablissements finds support from accumulated volume at $18.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.205 (1.07%) between high and low. For the last week, the stock has had daily average volatility of 0.701%.

Our recommended stop-loss: $18.41 (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (MGDDY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Compagnie Generale DES Etablissements Michelin SCA to open at $19.25, and during the day (based on 14 day Average True Range), to move between $19.01 and $19.53, which gives a possible trading interval of +/-$0.258 (+/-1.34%) up or down from last closing price. If Compagnie Generale DES Etablissements Michelin SCA takes out the full calculated possible swing range there will be an estimated 2.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.28 (0.04%) than the support at $18.66 (3.17%), 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 Generale DES Etablissements Michelin SCA 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 Compagnie Generale DES Etablissements stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.861 Buy Candidate Upgraded

Predicted Opening Price for Compagnie Generale DES Etablissements Michelin SCA of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$19.25 ( 0.130%) $19.27

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

Trading levels for MGDDY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.45 0.93 %
R2 19.37 0.528 %
R1 19.32 0.277 %
Current price: 19.27
Support S1 19.17 -0.536 %
S2 19.12 -0.787 %
S3 19.04 -1.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 19.75 2.49 %
R1 19.28 0.0363 %
Current price 19.27
Support S1 18.66 -3.17%
S2 16.67 -13.49%
S3 16.43 -14.74%

MGDDY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 15, 2023 May 15, 2023 Jun 05, 2023 $0.682 4.69%
2 May 13, 2022 May 13, 2022 May 13, 2022 $0.619 2.55%
3 May 05, 2021 May 21, 2021 Jun 11, 2021 $0.346 1.76%
4 Jun 17, 2020 Jun 29, 2020 Jul 20, 2020 $0.281 2.08%
5 May 17, 2019 May 17, 2019 May 17, 2019 $0.517 3.49%

FAQ

What is the symbol for Compagnie Generale DES Etablissements Michelin SCA Stock and on which exchange is it traded?
The symbol for Compagnie Generale DES Etablissements Michelin SCA is MGDDY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Compagnie Generale DES Etablissements Michelin SCA Stock?
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 Compagnie Generale DES Etablissements stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Compagnie Generale DES Etablissements Michelin SCA Stock?
Compagnie Generale DES Etablissements Michelin SCA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Compagnie Generale DES Etablissements Michelin SCA Stock.

What's the current price of Compagnie Generale DES Etablissements Michelin SCA Stock?
As of the end of day on the 2024-03-27, the price of an Compagnie Generale DES Etablissements Michelin SCA (MGDDY) share was $19.27.

What is the 52-week high and low for Compagnie Generale DES Etablissements Michelin SCA Stock?
The 52-week high for Compagnie Generale DES Etablissements Michelin SCA Stock is $19.75 and the 52-week low is $14.03.

What is the market capitalization of Compagnie Generale DES Etablissements Michelin SCA Stock?
As of the 2024-03-27, the market capitalization of Compagnie Generale DES Etablissements Michelin SCA is 27.554B.
Click to get the best stock tips daily for free!

About Compagnie Generale DES Etablissements Michelin SCA

Compagnie Generale DES Etablissements Michelin SCA Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and ... MGDDY Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT