Avio S.p.A. Stock Forecast

Green day on Monday for Avio S.p.A. stock after gaining 1.91%
(Updated on May 20, 2024)

AVIO.MI Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -2.98%. 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). 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 also not. The Avio 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 11.64€ and 10.92€. A breakdown below any of these levels will issue sell signals.

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

Avio S.p.A. finds support from accumulated volume at 11.30€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.320€ between high and low, or 2.80%. For the last week the stock has had daily average volatility of 2.48%.

Our recommended stop-loss: 11.15€ (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)

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

For the upcoming trading day on Tuesday, 21st we expect Avio S.p.A. to open at 11.64€, and during the day (based on 14 day Average True Range), to move between 11.37€ and 12.07€, which gives a possible trading interval of +/-0.348€ (+/-2.97%) up or down from last closing price. If Avio S.p.A. takes out the full calculated possible swing range there will be an estimated 5.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 11.92€ (1.71%) than the support at 11.30€ (3.58%), 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 Avio 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 Avio S.p.A. stock to perform well in the short-term.

Current score: 2.186 Buy Candidate Unchanged

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

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