Askoll Eva Spa Stock Forecast

Red day on Friday for Askoll Eva Spa
(Updated on Jun 14, 2024)

EVA.MI Signals & Forecast

There are few to no technical positive signals at the moment. The Askoll Eva Spa 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 0.303€ and 0.314€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -13.79%. 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). Askoll Eva Spa 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Askoll Eva Spa stock

On the downside, the stock finds support just below today's level from accumulated volume at 0.270€ and 0.236€. 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, Askoll Eva Spa finds support just below today's level at 0.270€. If this is broken, then the next support from accumulated volume will be at 0.236€ and 0.226€.

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 0.0120€ between high and low, or 4.12%. For the last week, the stock has had daily average volatility of 0.89%.

Askoll Eva Spa is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (EVA.MI) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Askoll Eva Spa to open at 0.298€, and during the day (based on 14 day Average True Range), to move between 0.289€ and 0.311€, which gives a possible trading interval of +/-0.0105€ (+/-3.50%) up or down from last closing price. If Askoll Eva Spa takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.270€ (10.00%) than the resistance at 0.330€ (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Askoll Eva Spa stock A Buy?

The Askoll Eva Spa stock holds several negative signals and despite the positive trend, we believe Askoll Eva Spa will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.828 Sell Candidate Unchanged

Predicted Opening Price for Askoll Eva Spa of Monday, June 17, 2024

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