SOLVAC S.A. Stock Forecast
Weaker technical forecast for SOLVAC S.A. as stock downgraded to Strong Sell Candidate.
(Updated on Apr 25, 2024)
The SOLVAC S.A. stock price fell by -0.96% on the last day (Thursday, 25th Apr 2024) from 104.00€ to 103.00€. During the last trading day the stock fluctuated 2.94% from a day low at 102.00€ to a day high of 105.00€. The price has fallen in 5 of the last 10 days and is down by -3.74% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately 468.86€ thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.99% during the next 3 months and, with a 90% probability hold a price between 91.02€ and 98.23€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SOLV.BB Signals & Forecast
There are few to no technical positive signals at the moment. The SOLVAC S.A. 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 104.64€ and 107.26€. 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 09, 2024, and so far it has fallen -6.36%. 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). SOLVAC S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for SOLVAC S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 3.00€ (2.94%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOLV.BB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SOLVAC S.A. to open at 103.33€, and during the day (based on 14 day Average True Range), to move between 100.64€ and 105.36€, which gives a possible trading interval of +/-2.36€ (+/-2.29%) up or down from last closing price. If SOLVAC S.A. takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 107.00€, some 4.00€ (3.88%) from the current price of 103.00€, our system finds the risk reward not very attractive.
Is SOLVAC S.A. stock A Buy?
SOLVAC S.A. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -5.167 Strong Sell Candidate Downgraded
Predicted Opening Price for SOLVAC S.A. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| 103.33€ ( 0.324%) | 103.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOLV.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.33 | 3.24 % | |
| R2 | 105.19 | 2.12 % | ||
| R1 | 104.48 | 1.44 % | ||
| Current price: | 103.00 | |||
| Support | S1 | 102.19 | -0.789 % | |
| S2 | 101.48 | -1.48 % | ||
| S3 | 100.33 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.00 | 6.80 % | |
| R2 | 109.00 | 5.83 % | ||
| R1 | 107.00 | 3.88 % | ||
| Current price | 103.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SOLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2023 | Dec 19, 2023 | Dec 19, 2023 | 2.46€ | 0% |
| 2 | Dec 20, 2022 | Dec 20, 2022 | Dec 20, 2022 | 2.32€ | 0% |
| 3 | Aug 04, 2022 | Aug 04, 2022 | Aug 04, 2022 | 3.26€ | 0% |
| 4 | Dec 15, 2021 | Dec 15, 2021 | Dec 15, 2021 | 2.18€ | 0% |
| 5 | Aug 04, 2021 | Aug 04, 2021 | Aug 04, 2021 | 3.26€ | 0% |
FAQ
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