Davide Campari-Milano N.V. Stock Forecast
Red day on Friday for Davide Campari-Milano N.V.
(Updated on Jun 28, 2024)
The Davide Campari-Milano N.V. stock price fell by -1.52% on the last day (Friday, 28th Jun 2024) from 8.96€ to 8.82€. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.27% from a day low at 8.82€ to a day high of 9.02€. The price has fallen in 8 of the last 10 days and is down by -8.27% for this period. 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 -4 million shares and in total, 5 million shares were bought and sold for approximately 45.42€ million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 9.20€. A reaction back to this level may hold a second chance to get out before further falls.
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CPR.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Davide Campari-Milano N.V. 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 9.34€ and 9.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -10.45%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Davide Campari-Milano N.V. 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.
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 0.200€ (2.27%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.
Davide Campari-Milano N.V. is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPR.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Davide Campari-Milano N.V. to open at 8.89€, and during the day (based on 14 day Average True Range), to move between 8.62€ and 9.03€, which gives a possible trading interval of +/-0.201€ (+/-2.28%) up or down from last closing price. If Davide Campari-Milano N.V. takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 8.96€, some 0.136€ (1.54%) from the current price of 8.82€, our system finds the risk reward not very attractive.
Is Davide Campari-Milano N.V. stock A Buy?
The Davide Campari-Milano N.V. stock holds several negative signals and despite the positive trend, we believe Davide Campari-Milano N.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.133 Sell Candidate Unchanged
Predicted Opening Price for Davide Campari-Milano N.V. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 8.89€ ( 0.756%) | 8.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPR.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.09 | 3.02% |
| R2 | 9.01 | 2.16% |
| R1 | 8.97 | 1.62% |
| Price | 8.82 | |
| S1 | 8.81 | -0.110% |
| S2 | 8.77 | -0.645% |
| S3 | 8.69 | -1.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.08 | 14.23% |
| R2 | 9.17 | 3.97% |
| R1 | 8.96 | 1.54% |
| Price | 8.82 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 24, 2024 | 0.0650€ | 0.685% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 0.0600€ | 0.509% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 0.0600€ | 0.574% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 0.0550€ | 0.547% |
| 5 | Apr 20, 2020 | Apr 20, 2020 | Apr 20, 2020 | 0.0550€ | 0.82% |
FAQ
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