Biesse S.p.A. Stock Forecast
Biesse S.p.A. stock price down 1.75% on Friday
(Updated on May 17, 2024)
The Biesse S.p.A. stock price fell by -1.75% on the last day (Friday, 17th May 2024) from 12.58€ to 12.36€. During the last trading day the stock fluctuated 2.51% from a day low at 12.36€ to a day high of 12.67€. The price has been going up and down for this period, and there has been a 1.15% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -59 thousand shares and in total, 81 thousand shares were bought and sold for approximately 1.00€ million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Biesse S.p.A. stock with a 90% probability to be traded between 11.25€ and 12.97€ 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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BSS.MI Signals & Forecast
The Biesse S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 12.51€. On a fall, the stock will find some support from the long-term average at approximately 12.11€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 15, 2024, and so far it has fallen -4.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Biesse S.p.A. stock
Biesse S.p.A. finds support from accumulated volume at 12.04€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.310€ between high and low, or 2.51%. For the last week the stock has had daily average volatility of 3.66%.
Our recommended stop-loss: 11.71€ (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BSS.MI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Biesse S.p.A. to open at 12.46€, and during the day (based on 14 day Average True Range), to move between 12.02€ and 12.70€, which gives a possible trading interval of +/-0.336€ (+/-2.72%) up or down from last closing price. If Biesse S.p.A. takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 12.38€ (0.16%) than the support at 12.04€ (2.59%), 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.
Is Biesse S.p.A. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Biesse S.p.A. stock to perform well in the short-term period.
Current score: 1.002 Buy Candidate Unchanged
Predicted Opening Price for Biesse S.p.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 12.46€ ( 0.84%) | 12.36€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSS.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.77 | 3.34 % | |
| R2 | 12.65 | 2.39 % | ||
| R1 | 12.58 | 1.79 % | ||
| Current price: | 12.36 | |||
| Support | S1 | 12.34 | -0.122 % | |
| S2 | 12.27 | -0.714 % | ||
| S3 | 12.15 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.91 | 4.45 % | |
| R2 | 12.69 | 2.67 % | ||
| R1 | 12.38 | 0.162 % | ||
| Current price | 12.36 | |||
| Support | S1 | 12.04 | -2.59% | |
| S2 | 11.81 | -4.45% | ||
| S3 | 11.16 | -9.71% |
BSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 08, 2024 | 0.140€ | 1.15% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.330€ | 2.48% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.624€ | 3.93% |
| 4 | May 03, 2019 | May 03, 2019 | May 03, 2019 | 0.480€ | 2.38% |
| 5 | May 07, 2018 | May 07, 2018 | May 07, 2018 | 0.480€ | 1.03% |
FAQ
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