Stevanato Group S.p.A. Stock Forecast
Stevanato Group S.p.A. stock price down 2.64% on Wednesday
(Updated on May 08, 2024)
The Stevanato Group S.p.A. stock price fell by -2.64% on the last day (Wednesday, 8th May 2024) from $27.64 to $26.91. During the last trading day the stock fluctuated 4.62% from a day low at $26.39 to a day high of $27.61. The price has risen in 6 of the last 10 days but is still down by -1.46% for this period. Volume has increased on the last day by 189 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, 571 thousand shares were bought and sold for approximately $15.37 million.
The stock lies in the middle of a wide and 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 -15.65% during the next 3 months and, with a 90% probability hold a price between $20.74 and $24.95 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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STVN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.74%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Stevanato Group S.p.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 $27.25 and $28.80. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Stevanato Group S.p.A. stock
Stevanato Group S.p.A. finds support from accumulated volume at $26.81 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.22 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 5.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STVN) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Stevanato Group S.p.A. to open at $26.97, and during the day (based on 14 day Average True Range), to move between $25.55 and $28.27, which gives a possible trading interval of +/-$1.36 (+/-5.05%) up or down from last closing price. If Stevanato Group S.p.A. takes out the full calculated possible swing range there will be an estimated 10.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.81 (0.37%) than the resistance at $31.01 (15.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Stevanato Group S.p.A. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.120. We will update the financials statements for Stevanato Group S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.45% in the first trading day after earnings release.
Is Stevanato Group S.p.A. stock A Buy?
Stevanato Group S.p.A. holds several negative signals and is within a wide and 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.
Current score: -3.392 Sell Candidate Unchanged
Predicted Opening Price for Stevanato Group S.p.A. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $26.97 ( 0.223%) | $26.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STVN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.19 | 4.76 % | |
| R2 | 27.72 | 3.02 % | ||
| R1 | 27.44 | 1.95 % | ||
| Current price: | 26.91 | |||
| Support | S1 | 26.50 | -1.51 % | |
| S2 | 26.22 | -2.58 % | ||
| S3 | 25.75 | -4.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.09 | 19.25 % | |
| R2 | 31.42 | 16.76 % | ||
| R1 | 31.01 | 15.24 % | ||
| Current price | 26.91 | |||
| Support | S1 | 26.81 | -0.372% | |
| S2 | 26.73 | -0.669% | ||
| S3 | 26.45 | -1.71% |
STVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jul 17, 2023 | $0.0577 | 0.182% |
| 2 | Jun 08, 2022 | Jun 13, 2022 | Jul 13, 2022 | $0.0510 | 0.343% |
FAQ
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