Caleffi S.p.A. Stock Forecast
Red day on Tuesday for Caleffi S.p.A.
(Updated on May 21, 2024)
The Caleffi S.p.A. stock price fell by -0.92% on the last day (Tuesday, 21st May 2024) from 0.87€ to 0.86€. During the last trading day the stock fluctuated 1.64% from a day low at 0.85€ to a day high of 0.87€. The price has fallen in 5 of the last 10 days and is down by -4.23% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately 11.39€ thousand.
The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 0.86€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.28% during the next 3 months and, with a 90% probability hold a price between 0.795€ and 0.83€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CLF.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Caleffi 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 0.87€ and 0.88€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Caleffi S.p.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Caleffi S.p.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.0140€ between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CLF.MI) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Caleffi S.p.A. to open at 0.86€, and during the day (based on 14 day Average True Range), to move between 0.84€ and 0.88€, which gives a possible trading interval of +/-0.0238€ (+/-2.77%) up or down from last closing price. If Caleffi S.p.A. takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 0.89€, some 0.0260€ (3.02%) from the current price of 0.86€, our system finds the risk reward not very attractive.
Is Caleffi S.p.A. stock A Buy?
Caleffi S.p.A. holds several negative signals and is within a narrow 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: -1.653 Sell Candidate Unchanged
Predicted Opening Price for Caleffi S.p.A. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| 0.86€ ( 0.0775%) | 0.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLF.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.87 | 1.71 % | |
| R2 | 0.87 | 1.08 % | ||
| R1 | 0.87 | 0.699 % | ||
| Current price: | 0.86 | |||
| Support | S1 | 0.86 | -0.544 % | |
| S2 | 0.85 | -0.93 % | ||
| S3 | 0.85 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 4.65 % | |
| R2 | 0.89 | 3.26 % | ||
| R1 | 0.89 | 3.02 % | ||
| Current price | 0.86 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2017 | May 15, 2017 | May 15, 2017 | 0.0200€ | 1.53% |
| 2 | May 19, 2014 | May 19, 2014 | May 19, 2014 | 0.0100€ | 0.694% |
| 3 | May 17, 2010 | May 17, 2010 | May 17, 2010 | 0.0100€ | 0.91% |
| 4 | May 19, 2008 | May 19, 2008 | May 19, 2008 | 0.120€ | 4.56% |
| 5 | May 21, 2007 | May 21, 2007 | May 21, 2007 | 0.120€ | 2.96% |
FAQ
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