Banca Mediolanum S.p.A. Stock Forecast

Red day on Friday for Banca Mediolanum S.p.A. stock after losing 0.294%
(Updated on May 03, 2024)

BMED.MI Signals & Forecast

The Banca Mediolanum S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 10.09€ and 10.13€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.294%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

Banca Mediolanum S.p.A. finds support from accumulated volume at 10.15€ 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 0.130€ between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.28%.

Our recommended stop-loss: 9.77€ (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

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

For the upcoming trading day on Monday, 6th we expect Banca Mediolanum S.p.A. to open at 10.19€, and during the day (based on 14 day Average True Range), to move between 10.01€ and 10.35€, which gives a possible trading interval of +/-0.172€ (+/-1.69%) up or down from last closing price. If Banca Mediolanum S.p.A. takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 10.15€ (0.29%) than the resistance at 10.26€ (0.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Banca Mediolanum 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 Banca Mediolanum S.p.A. stock to perform well in the short-term.

Current score: 1.634 Buy Candidate Unchanged

Predicted Opening Price for Banca Mediolanum S.p.A. of Monday, May 6, 2024

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