Alkemy S.p.A. Stock Forecast

Stronger technical forecast for Alkemy S.p.A. stock price after Friday trading.
(Updated on Jun 21, 2024)

ALK.MI Signals & Forecast

The Alkemy 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 12.13€ and 10.78€. 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). 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, June 13, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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

Alkemy S.p.A. finds support from accumulated volume at 12.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.1000€ between high and low, or 0.83%. For the last week the stock has had daily average volatility of 0.662%.

Our recommended stop-loss: 11.83€ (-3.04%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (ALK.MI) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Alkemy S.p.A. to open at 12.17€, and during the day (based on 14 day Average True Range), to move between 11.93€ and 12.47€, which gives a possible trading interval of +/-0.274€ (+/-2.25%) up or down from last closing price. If Alkemy S.p.A. takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 12.10€ (0.82%) than the resistance at 12.62€ (3.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alkemy S.p.A. stock A Buy?

Alkemy S.p.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.547 Hold/Accumulate Upgraded

Predicted Opening Price for Alkemy S.p.A. of Monday, June 24, 2024

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