Brunello Cucinelli S.p.A. Stock Forecast
Red day on Wednesday for Brunello Cucinelli S.p.A. stock after losing 1.78%
(Updated on Apr 24, 2024)
The Brunello Cucinelli S.p.A. stock price fell by -1.78% on the last day (Wednesday, 24th Apr 2024) from 98.30€ to 96.55€. During the last trading day the stock fluctuated 2.03% from a day low at 96.25€ to a day high of 98.20€. The price has fallen in 6 of the last 10 days and is down by -1.63% for this period. Volume has increased on the last day by 21 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, 130 thousand shares were bought and sold for approximately 12.52€ million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Brunello Cucinelli S.p.A. stock with a 90% probability to be traded between 89.47€ and 119.91€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BC.MI Signals & Forecast
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. The Brunello Cucinelli S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 97.76€ and 103.79€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -17.34%. Further fall is indicated until a new bottom pivot has been found. 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 Brunello Cucinelli S.p.A. stock
Brunello Cucinelli S.p.A. finds support from accumulated volume at 95.90€ 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 1.95€ (2.03%) between high and low. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BC.MI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Brunello Cucinelli S.p.A. to open at 97.00€, and during the day (based on 14 day Average True Range), to move between 93.64€ and 99.46€, which gives a possible trading interval of +/-2.91€ (+/-3.02%) up or down from last closing price. If Brunello Cucinelli S.p.A. takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 95.90€ (0.67%) than the resistance at 101.30€ (4.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brunello Cucinelli S.p.A. stock A Buy?
Brunello Cucinelli S.p.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.773 Sell Candidate Unchanged
Predicted Opening Price for Brunello Cucinelli S.p.A. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 97.00€ ( 0.466%) | 96.55€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BC.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.95 | 2.49 % | |
| R2 | 98.21 | 1.71 % | ||
| R1 | 97.74 | 1.24 % | ||
| Current price: | 96.55 | |||
| Support | S1 | 96.26 | -0.305 % | |
| S2 | 95.79 | -0.782 % | ||
| S3 | 95.05 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.80 | 16.83 % | |
| R2 | 107.50 | 11.34 % | ||
| R1 | 101.30 | 4.92 % | ||
| Current price | 96.55 | |||
| Support | S1 | 95.90 | -0.673% | |
| S2 | 92.30 | -4.40% | ||
| S3 | 91.10 | -5.64% |
BC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.91€ | 0.94% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.650€ | 0.783% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.420€ | 0.93% |
| 4 | May 20, 2019 | May 20, 2019 | May 20, 2019 | 0.300€ | 1.01% |
| 5 | May 21, 2018 | May 21, 2018 | May 21, 2018 | 0.270€ | 0% |
FAQ
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