Montea SCA Stock Forecast

Montea SCA stock price down 0.88% on Thursday
(Updated on Apr 25, 2024)

MONT.BB Signals & Forecast

There are few to no technical positive signals at the moment. The Montea SCA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 79.60€ and 79.58€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -5.63%. 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 Montea SCA stock

Montea SCA finds support from accumulated volume at 77.60€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 1.90€ between high and low, or 2.43%. For the last week the stock has had daily average volatility of 2.08%

Our recommended stop-loss: 75.29€ (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

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

For the upcoming trading day on Friday, 26th we expect Montea SCA to open at 78.97€, and during the day (based on 14 day Average True Range), to move between 77.04€ and 80.56€, which gives a possible trading interval of +/-1.76€ (+/-2.24%) up or down from last closing price. If Montea SCA takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 79.80€ (1.27%) than the support at 77.60€ (1.52%), 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 Montea SCA stock A Buy?

Montea SCA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.448 Hold/Accumulate Unchanged

Predicted Opening Price for Montea SCA of Friday, April 26, 2024

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