Buzzi Unicem S.p.A. Stock Forecast

Buzzi Unicem S.p.A. stock downgraded to Sell Candidate
(Updated on Apr 30, 2024)

BZU.MI Signals & Forecast

There are mixed signals in the stock today. The Buzzi Unicem 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 34.70€. On a fall, the stock will find some support from the short-term average at 33.49€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 3.74%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Buzzi Unicem S.p.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 31.52€ and 31.20€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Buzzi Unicem S.p.A. finds support just below today's level at 31.52€. If this is broken, then the next support from accumulated volume will be at 31.20€ and 30.86€.

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 0.680€ (2.01%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.

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

Trading Expectations (BZU.MI) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Buzzi Unicem S.p.A. to open at 34.09€, and during the day (based on 14 day Average True Range), to move between 33.12€ and 34.60€, which gives a possible trading interval of +/-0.744€ (+/-2.20%) up or down from last closing price. If Buzzi Unicem S.p.A. takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 35.00€ (3.37%) than the support at 31.52€ (6.91%), 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 Buzzi Unicem S.p.A. stock A Buy?

Buzzi Unicem S.p.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.437 Sell Candidate Downgraded

Predicted Opening Price for Buzzi Unicem S.p.A. of Thursday, May 2, 2024

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