ERG S.p.A. Stock Forecast
ERG S.p.A. stock price ended at 24.24€ on Wednesday, after losing 0.411%.
(Updated on Apr 24, 2024)
The ERG S.p.A. stock price fell by -0.411% on the last day (Wednesday, 24th Apr 2024) from 24.34€ to 24.24€. During the last trading day the stock fluctuated 1.66% from a day low at 24.04€ to a day high of 24.44€. The price has been going up and down for this period, and there has been a 4.12% gain for the last 2 weeks. Volume has increased on the last day by 146 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, 626 thousand shares were bought and sold for approximately 15.18€ million.
The stock lies the upper part of a 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 24.28€ 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 -13.17% during the next 3 months and, with a 90% probability hold a price between 19.20€ and 21.08€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ERG.MI Signals & Forecast
The ERG 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 24.14€ and 24.09€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 5.12%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ERG S.p.A. stock
ERG S.p.A. finds support from accumulated volume at 24.06€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.400€ between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: 23.17€ (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ERG.MI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ERG S.p.A. to open at 24.24€, and during the day (based on 14 day Average True Range), to move between 23.73€ and 24.75€, which gives a possible trading interval of +/-0.515€ (+/-2.12%) up or down from last closing price. If ERG S.p.A. takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 24.06€ (0.74%) than the resistance at 25.14€ (3.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ERG S.p.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.849 Buy Candidate Unchanged
Predicted Opening Price for ERG S.p.A. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 24.24€ ( 0%) | 24.24€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERG.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.64 | 1.65 % | |
| R2 | 24.49 | 1.02 % | ||
| R1 | 24.39 | 0.630 % | ||
| Current price: | 24.24 | |||
| Support | S1 | 24.09 | -0.630 % | |
| S2 | 23.99 | -1.02 % | ||
| S3 | 23.84 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.04 | 7.43 % | |
| R2 | 25.64 | 5.78 % | ||
| R1 | 25.14 | 3.71 % | ||
| Current price | 24.24 | |||
| Support | S1 | 24.06 | -0.743% | |
| S2 | 23.90 | -1.40% | ||
| S3 | 23.76 | -1.98% |
ERG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 1.00€ | 4.13% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 1.00€ | 3.65% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.90€ | 2.68% |
| 4 | May 24, 2021 | May 24, 2021 | May 24, 2021 | 0.750€ | 3.00% |
| 5 | May 18, 2020 | May 18, 2020 | May 18, 2020 | 0.750€ | 4.37% |
FAQ
Click here for our free guide on how to buy ERG S.p.A. Stock.
