Datalogic S.p.A. Stock Forecast

Evaluation of Datalogic S.p.A. stock downgraded after the last trading session.
(Updated on May 08, 2024)

DAL.MI Signals & Forecast

The Datalogic S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 5.67€. On a fall, the stock will find some support from the long-term average at approximately 5.56€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.63%. 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. Datalogic 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 Datalogic S.p.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 5.35€ and 5.11€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Datalogic S.p.A. finds support just below today's level at 5.35€. If this is broken, then the next support from accumulated volume will be at 5.11€ and 5.05€.

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 0.100€ between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 2.32%.

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

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

For the upcoming trading day on Thursday, 9th we expect Datalogic S.p.A. to open at 5.67€, and during the day (based on 14 day Average True Range), to move between 5.48€ and 5.80€, which gives a possible trading interval of +/-0.158€ (+/-2.79%) up or down from last closing price. If Datalogic S.p.A. takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 5.68€ (0.71%) than the support at 5.35€ (5.23%), 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 Datalogic S.p.A. stock A Buy?

Datalogic 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.960 Sell Candidate Downgraded

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

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