Bialetti Industrie S.p.A Stock Forecast

Bialetti Industrie S.p.A stock price up 0.93% on Thursday
(Updated on Jun 27, 2024)

BIA.MI Signals & Forecast

Bialetti Industrie S.p.A has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bialetti Industrie 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 0.218€ and 0.227€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -3.57%. 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).

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

Bialetti Industrie S.p.A finds support from accumulated volume at 0.215€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.0150€ between high and low, or 7.01%. For the last week, the stock has had daily average volatility of 4.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BIA.MI) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Bialetti Industrie S.p.A to open at 0.220€, and during the day (based on 14 day Average True Range), to move between 0.208€ and 0.224€, which gives a possible trading interval of +/-0.0078€ (+/-3.59%) up or down from last closing price. If Bialetti Industrie S.p.A takes out the full calculated possible swing range there will be an estimated 7.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.215€ (0.46%) than the resistance at 0.227€ (5.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bialetti Industrie S.p.A stock A Buy?

Bialetti Industrie S.p.A holds several negative signals and is within a 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: -1.687 Sell Candidate Unchanged

Predicted Opening Price for Bialetti Industrie S.p.A of Friday, June 28, 2024

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