Banco BPM Società per Azioni Stock Forecast
Weaker technical forecast for Banco BPM Società per Azioni as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
The Banco BPM Società per Azioni stock price fell by -2.89% on the last day (Friday, 3rd May 2024) from 6.30€ to 6.12€. During the last trading day the stock fluctuated 4.98% from a day low at 6.02€ to a day high of 6.32€. The price has been going up and down for this period, and there has been a -3.75% loss for the last 2 weeks. Volume has increased on the last day by 5 million 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, 19 million shares were bought and sold for approximately 114.57€ million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 6.09€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.73% during the next 3 months and, with a 90% probability hold a price between 7.83€ and 8.51€ at the end of this 3-month period.
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BAMI.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Banco BPM Società per Azioni stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 6.17€ and 6.12€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -4.29%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Banco BPM Società per Azioni stock
On the downside, the stock finds support just below today's level from accumulated volume at 5.46€ and 5.19€. 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, Banco BPM Società per Azioni finds support just below today's level at 5.46€. If this is broken, then the next support from accumulated volume will be at 5.19€ and 5.18€.
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 0.300€ (4.98%) between high and low. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BAMI.MI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Banco BPM Società per Azioni to open at 6.15€, and during the day (based on 14 day Average True Range), to move between 5.94€ and 6.29€, which gives a possible trading interval of +/-0.171€ (+/-2.80%) up or down from last closing price. If Banco BPM Società per Azioni takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 6.16€ (0.69%) than the support at 5.46€ (10.66%), 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
Banco BPM Società per Azioni will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.240. We will update the financials statements for Banco BPM Società per Azioni, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.51% in the first trading day after earnings release.
Is Banco BPM Società per Azioni stock A Buy?
The Banco BPM Società per Azioni stock holds several negative signals and despite the positive trend, we believe Banco BPM Società per Azioni will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.343 Sell Candidate Downgraded
Predicted Opening Price for Banco BPM Società per Azioni of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 6.15€ ( 0.589%) | 6.12€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAMI.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.45 | 5.49 % | |
| R2 | 6.34 | 3.62 % | ||
| R1 | 6.27 | 2.46 % | ||
| Current price: | 6.12 | |||
| Support | S1 | 6.04 | -1.29 % | |
| S2 | 5.97 | -2.44 % | ||
| S3 | 5.85 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.39 | 4.48 % | |
| R2 | 6.35 | 3.89 % | ||
| R1 | 6.16 | 0.687 % | ||
| Current price | 6.12 | |||
| Support | S1 | 5.46 | -10.66% | |
| S2 | 5.19 | -15.11% | ||
| S3 | 5.18 | -15.24% |
BAMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 22, 2024 | 0€ | 0% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 24, 2024 | 0.560€ | 9.17% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 0.230€ | 5.62% |
| 4 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 0.190€ | 6.53% |
| 5 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 0.0600€ | 2.51% |
FAQ
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