Culti Milano S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Culti Milano S.p.A. stock price ended at 12.80€ on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)
No changes to the price of Culti Milano S.p.A. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at 12.80€ to a day high of 12.80€. The price has risen in 5 of the last 10 days and is up by 5.79% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 12.82€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.08% during the next 3 months and, with a 90% probability hold a price between 7.97€ and 9.99€ 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
The Culti Milano S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 12.71€ and 12.69€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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.
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€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.67%
Our recommended stop-loss: 12.29€ (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (CULT.MI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Culti Milano S.p.A. to open at 12.80€, and during the day (based on 14 day Average True Range), to move between 12.46€ and 13.14€, which gives a possible trading interval of +/-0.339€ (+/-2.65%) 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 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 12.95€ (1.17%) than the support at 12.30€ (3.91%), 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.
Current score: -0.495 Hold/Accumulate Unchanged
Predicted Opening Price for Culti Milano S.p.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 12.80€ ( 0.00000000%) | 12.80€ |
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 | 12.80 | 0.00000000% |
| R2 | 12.80 | 0.00000000% |
| R1 | 12.80 | 0.00000000% |
| Price | 12.80 | |
| S1 | 12.80 | 0.00000000% |
| S2 | 12.80 | 0.00000000% |
| S3 | 12.80 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.15 | 10.55% |
| R2 | 13.20 | 3.12% |
| R1 | 12.95 | 1.17% |
| Price | 12.80 | |
| S1 | 12.30 | -3.91% |
| S2 | 11.70 | -8.59% |
| S3 | 11.55 | -9.77% |
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% |
FAQ
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