Danieli & C. Officine Meccaniche 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
Danieli & C. Officine Meccaniche S.p.A. stock price down 0.84% on Friday
(Updated on Jun 28, 2024)
The Danieli & C. Officine Meccaniche S.p.A. stock price fell by -0.84% on the last day (Friday, 28th Jun 2024) from 35.90€ to 35.60€. During the last trading day the stock fluctuated 2.39% from a day low at 35.60€ to a day high of 36.45€. The price has fallen in 6 of the last 10 days and is down by -4.43% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 25 thousand shares were bought and sold for approximately 884.13€ thousand.
Given the current short-term trend, the stock is expected to rise 18.06% during the next 3 months and, with a 90% probability hold a price between 42.03€ and 46.07€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DAN.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Danieli & C. Officine Meccaniche S.p.A. 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 36.31€ and 36.38€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -6.93%. 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). Danieli & C. Officine Meccaniche 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 Danieli & C. Officine Meccaniche S.p.A. stock
Danieli & C. Officine Meccaniche S.p.A. finds support from accumulated volume at 34.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.85€ (2.39%) between high and low. For the last week, the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DAN.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Danieli & C. Officine Meccaniche S.p.A. to open at 35.88€, and during the day (based on 14 day Average True Range), to move between 34.52€ and 36.68€, which gives a possible trading interval of +/-1.08€ (+/-3.04%) up or down from last closing price. If Danieli & C. Officine Meccaniche S.p.A. takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 36.70€ (3.09%) than the support at 34.10€ (4.21%), 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 Danieli & C. Officine Meccaniche S.p.A. stock A Buy?
The Danieli & C. Officine Meccaniche S.p.A. stock holds several negative signals and despite the positive trend, we believe Danieli & C. Officine Meccaniche S.p.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.816 Sell Candidate Unchanged
Predicted Opening Price for Danieli & C. Officine Meccaniche S.p.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 35.88€ ( 0.796%) | 35.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAN.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.73 | 3.18% |
| R2 | 36.41 | 2.27% |
| R1 | 36.21 | 1.71% |
| Price | 35.60 | |
| S1 | 35.56 | -0.116% |
| S2 | 35.36 | -0.680% |
| S3 | 35.03 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.45 | 5.20% |
| R2 | 37.00 | 3.93% |
| R1 | 36.70 | 3.09% |
| Price | 35.60 | |
| S1 | 34.10 | -4.21% |
| S2 | 32.95 | -7.44% |
| S3 | 32.10 | -9.83% |
DAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | 0.310€ | 1.18% |
| 2 | Nov 21, 2022 | Nov 21, 2022 | Nov 21, 2022 | 0.279€ | 1.31% |
| 3 | Nov 22, 2021 | Nov 22, 2021 | Nov 22, 2021 | 0.170€ | 0.608% |
| 4 | Nov 23, 2020 | Nov 23, 2020 | Nov 23, 2020 | 0.140€ | 0.98% |
| 5 | Nov 18, 2019 | Nov 18, 2019 | Nov 18, 2019 | 0.150€ | 0.94% |
FAQ
Click here for our free guide on how to buy Danieli & C. Officine Meccaniche S.p.A. Stock.
