Brunello Cucinelli S.p.A. Stock Forecast

Brunello Cucinelli S.p.A. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)

BC.MI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 101.01€. On a fall, the stock will find some support from the short-term average at 96.38€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

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

Brunello Cucinelli S.p.A. finds support from accumulated volume at 98.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 4.05€ between high and low, or 4.25%. For the last week the stock has had daily average volatility of 2.50%.

Our recommended stop-loss: 93.22€ (-4.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (BC.MI) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Brunello Cucinelli S.p.A. to open at 97.63€, and during the day (based on 14 day Average True Range), to move between 95.25€ and 100.85€, which gives a possible trading interval of +/-2.80€ (+/-2.85%) 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 5.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 98.00€ (0.05%) than the resistance at 101.30€ (3.31%), 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 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: 0.493 Hold/Accumulate Upgraded

Predicted Opening Price for Brunello Cucinelli S.p.A. of Monday, May 6, 2024

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