Ascopiave S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Ascopiave S.p.A.
(Updated on May 03, 2024)
The Ascopiave S.p.A. stock price fell by -0.612% on the last day (Friday, 3rd May 2024) from 2.45€ to 2.44€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.44% from a day low at 2.43€ to a day high of 2.47€. The price has been going up and down for this period, and there has been a 3.84% gain for the last 2 weeks. Volume has increased on the last day by 75 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, 410 thousand shares were bought and sold for approximately 997.52€ thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.87% during the next 3 months and, with a 90% probability hold a price between 2.54€ and 2.80€ at the end of this 3-month period.
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ASC.MI Signals & Forecast
The Ascopiave 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 2.44€ and 2.37€. 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 Monday, April 29, 2024, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found. Ascopiave S.p.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 Ascopiave S.p.A. stock
Ascopiave S.p.A. finds support from accumulated volume at 2.39€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.0350€ (1.44%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: 2.36€ (-3.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ASC.MI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ascopiave S.p.A. to open at 2.44€, and during the day (based on 14 day Average True Range), to move between 2.39€ and 2.48€, which gives a possible trading interval of +/-0.0467€ (+/-1.92%) up or down from last closing price. If Ascopiave S.p.A. takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 2.46€ (1.03%) than the support at 2.39€ (1.85%), 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.
Earnings coming up
Ascopiave S.p.A. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Ascopiave S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.35% in the first trading day after earnings release.
Is Ascopiave 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 Ascopiave S.p.A. stock to perform well in the short-term.
Current score: 2.102 Buy Candidate Unchanged
Predicted Opening Price for Ascopiave S.p.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 2.44€ ( 0.342%) | 2.44€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASC.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.48 | 1.78 % | |
| R2 | 2.46 | 1.23 % | ||
| R1 | 2.46 | 0.89 % | ||
| Current price: | 2.44 | |||
| Support | S1 | 2.43 | -0.207 % | |
| S2 | 2.42 | -0.546 % | ||
| S3 | 2.41 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.52 | 3.29 % | |
| R2 | 2.48 | 1.85 % | ||
| R1 | 2.46 | 1.03 % | ||
| Current price | 2.44 | |||
| Support | S1 | 2.39 | -1.85% | |
| S2 | 2.36 | -3.08% | ||
| S3 | 2.36 | -3.29% |
ASC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 08, 2024 | 0.140€ | 5.71% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 0.130€ | 4.82% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 0.165€ | 4.80% |
| 4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 0.160€ | 4.08% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | 0.213€ | 5.01% |
FAQ
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