Compagnie Industriali Riunite S.p.A. Stock Forecast

Weaker technical forecast for Compagnie Industriali Riunite S.p.A. as stock downgraded to Sell Candidate.
(Updated on May 20, 2024)

CIR.MI Signals & Forecast

There are few to no technical positive signals at the moment. The Compagnie Industriali Riunite S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 0.562€ and 0.560€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -3.95%. 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). 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 Compagnie Industriali Riunite S.p.A. stock

Compagnie Industriali Riunite S.p.A. finds support from accumulated volume at 0.543€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.0080€ between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.87%

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

Trading Expectations (CIR.MI) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Compagnie Industriali Riunite S.p.A. to open at 0.561€, and during the day (based on 14 day Average True Range), to move between 0.547€ and 0.571€, which gives a possible trading interval of +/-0.0116€ (+/-2.07%) up or down from last closing price. If Compagnie Industriali Riunite S.p.A. takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.561€ (0.36%) than the support at 0.543€ (2.86%), 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 Compagnie Industriali Riunite S.p.A. stock A Buy?

The Compagnie Industriali Riunite S.p.A. stock holds several negative signals and despite the positive trend, we believe Compagnie Industriali Riunite S.p.A. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -3.605 Sell Candidate Downgraded

Predicted Opening Price for Compagnie Industriali Riunite S.p.A. of Tuesday, May 21, 2024

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