DiaSorin S.p.A. Stock Forecast

DiaSorin S.p.A. stock price up 0.167% on Wednesday
(Updated on Apr 24, 2024)

DIA.MI Signals & Forecast

Mostly positive signals in the chart today. The DiaSorin 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 92.21€ and 90.63€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 15.27%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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

DiaSorin S.p.A. finds support from accumulated volume at 93.94€ 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 2.76€ between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 2.99%.

The DiaSorin S.p.A. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 93.22€ (-2.92%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (DIA.MI) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect DiaSorin S.p.A. to open at 95.94€, and during the day (based on 14 day Average True Range), to move between 93.48€ and 98.56€, which gives a possible trading interval of +/-2.54€ (+/-2.64%) up or down from last closing price. If DiaSorin S.p.A. takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 96.80€ (0.81%) than the support at 93.94€ (2.17%), 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 DiaSorin S.p.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DiaSorin S.p.A. stock to perform well in the short-term.

Current score: 3.954 Buy Candidate Unchanged

Predicted Opening Price for DiaSorin S.p.A. of Thursday, April 25, 2024

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