ACEA S.p.A. Stock Forecast

ACEA S.p.A. stock price ended at 16.88€ on Monday, after gaining 0.476%.
(Updated on May 20, 2024)

ACE.MI Signals & Forecast

The ACEA S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 16.67€ and 16.20€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Thursday, May 16, 2024, and so far it has fallen -1.34%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for ACEA S.p.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 15.72€ and 15.70€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ACEA S.p.A. finds support just below today's level at 15.72€. If this is broken, then the next support from accumulated volume will be at 15.70€ and 14.35€.

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 0.250€ (1.49%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.

Our recommended stop-loss: 16.31€ (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (ACE.MI) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect ACEA S.p.A. to open at 16.86€, and during the day (based on 14 day Average True Range), to move between 16.52€ and 17.24€, which gives a possible trading interval of +/-0.361€ (+/-2.14%) up or down from last closing price. If ACEA S.p.A. takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 17.11€ (1.36%) than the support at 15.72€ (6.87%), 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 ACEA S.p.A. 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 ACEA S.p.A. stock to perform well in the short-term.

Current score: 3.501 Buy Candidate Unchanged

Predicted Opening Price for ACEA S.p.A. of Tuesday, May 21, 2024

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