EdiliziAcrobatica S.p.A. Stock Forecast
Green day on Friday for EdiliziAcrobatica S.p.A.
(Updated on May 03, 2024)
The EdiliziAcrobatica S.p.A. stock price gained 0.444% on the last trading day (Friday, 3rd May 2024), rising from 11.25€ to 11.30€. During the last trading day the stock fluctuated 1.78% from a day low at 11.25€ to a day high of 11.45€. The price has been going up and down for this period, and there has been a -0.44% loss for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately 24.57€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -12.82% during the next 3 months and, with a 90% probability hold a price between 9.28€ and 10.18€ 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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EDAC.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.67%. 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. The EdiliziAcrobatica 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 11.34€ and 11.71€. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for EdiliziAcrobatica S.p.A. stock
EdiliziAcrobatica S.p.A. finds support from accumulated volume at 11.20€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.200€ between high and low, or 1.78%. For the last week the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDAC.MI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect EdiliziAcrobatica S.p.A. to open at 11.33€, and during the day (based on 14 day Average True Range), to move between 10.92€ and 11.68€, which gives a possible trading interval of +/-0.383€ (+/-3.39%) up or down from last closing price. If EdiliziAcrobatica S.p.A. takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 11.20€ (0.88%) than the resistance at 11.50€ (1.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EdiliziAcrobatica S.p.A. stock A Buy?
EdiliziAcrobatica S.p.A. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.290 Sell Candidate Unchanged
Predicted Opening Price for EdiliziAcrobatica S.p.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 11.33€ ( 0.295%) | 11.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDAC.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.53 | 2.06 % | |
| R2 | 11.46 | 1.39 % | ||
| R1 | 11.41 | 0.97 % | ||
| Current price: | 11.30 | |||
| Support | S1 | 11.26 | -0.381 % | |
| S2 | 11.21 | -0.799 % | ||
| S3 | 11.13 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.45 | 10.18 % | |
| R2 | 11.85 | 4.87 % | ||
| R1 | 11.50 | 1.77 % | ||
| Current price | 11.30 | |||
| Support | S1 | 11.20 | -0.88% | |
| S2 | 11.00 | -2.65% | ||
| S3 | 10.90 | -3.54% |
EDAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 0.150€ | 1.32% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.500€ | 3.01% |
| 3 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | 0.80€ | 4.49% |
| 4 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | 0.80€ | 4.50% |
| 5 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 0.300€ | 1.91% |
FAQ
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