Culti Milano S.p.A. Stock Forecast
Stronger technical forecast for Culti Milano S.p.A. stock price after Monday trading.
(Updated on Jun 17, 2024)
The Culti Milano S.p.A. stock price gained 1.22% on the last trading day (Monday, 17th Jun 2024), rising from 12.25€ to 12.40€. During the last trading day the stock fluctuated 5.79% from a day low at 12.10€ to a day high of 12.80€. The price has risen in 5 of the last 10 days and is up by 0.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 17.05€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.52% during the next 3 months and, with a 90% probability hold a price between 8.03€ and 9.95€ 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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CULT.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 8.77%. 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). Culti Milano S.p.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Culti Milano 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 12.96€. On a fall, the stock will find some support from the short-term average at 12.15€. 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.
Support, Risk & Stop-loss for Culti Milano S.p.A. stock
Culti Milano S.p.A. finds support from accumulated volume at 12.30€ 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 0.700€ between high and low, or 5.79%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: 11.85€ (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (CULT.MI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Culti Milano S.p.A. to open at 12.43€, and during the day (based on 14 day Average True Range), to move between 11.99€ and 12.81€, which gives a possible trading interval of +/-0.409€ (+/-3.30%) up or down from last closing price. If Culti Milano S.p.A. takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 12.50€ (0.81%) than the support at 12.30€ (0.81%), 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 Culti Milano S.p.A. stock A Buy?
Culti Milano S.p.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.057 Hold/Accumulate Upgraded
Predicted Opening Price for Culti Milano S.p.A. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 12.43€ ( 0.269%) | 12.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CULT.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.13 | 5.91% |
| R2 | 12.87 | 3.76% |
| R1 | 12.70 | 2.43% |
| Price | 12.40 | |
| S1 | 12.17 | -1.89% |
| S2 | 12.00 | -3.22% |
| S3 | 11.73 | -5.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.95 | 20.56% |
| R2 | 13.20 | 6.45% |
| R1 | 12.50 | 0.81% |
| Price | 12.40 | |
| S1 | 12.30 | -0.81% |
| S2 | 11.70 | -5.65% |
| S3 | 11.55 | -6.85% |
CULT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 24, 2024 | 0.100€ | 0.707% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 0.100€ | 0.508% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 0.100€ | 0.631% |
| 4 | Jul 12, 2021 | Jul 12, 2021 | Jul 12, 2021 | 0.0800€ | 0.482% |
| 5 | Oct 19, 2020 | Oct 19, 2020 | Oct 19, 2020 | 0.0800€ | 1.33% |
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