Carel Industries S.p.A. Stock Forecast

Carel Industries S.p.A. stock price down 0.728% on Wednesday
(Updated on May 08, 2024)

CRL.MI Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 6.47%. Further rise is indicated until a new top pivot has been found. 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. The Carel Industries 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 19.42€. On a fall, the stock will find some support from the short-term average at 19.06€. 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. Carel Industries 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".

Support, Risk & Stop-loss for Carel Industries S.p.A. stock

Carel Industries S.p.A. finds support from accumulated volume at 18.74€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.520€ between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 2.58%.

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

Trading Expectations (CRL.MI) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Carel Industries S.p.A. to open at 19.07€, and during the day (based on 14 day Average True Range), to move between 18.55€ and 19.61€, which gives a possible trading interval of +/-0.530€ (+/-2.78%) up or down from last closing price. If Carel Industries S.p.A. takes out the full calculated possible swing range there will be an estimated 5.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 19.30€ (1.15%) than the support at 18.74€ (1.78%), 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 Carel Industries S.p.A. stock A Buy?

Carel Industries 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.

Current score: -1.639 Sell Candidate Unchanged

Predicted Opening Price for Carel Industries S.p.A. of Thursday, May 9, 2024

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