FinecoBank Banca Fineco 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
Green day on Monday for FinecoBank Banca Fineco S.p.A. stock after gaining 0.0352%
(Updated on Apr 29, 2024)
The FinecoBank Banca Fineco S.p.A. stock price gained 0.0352% on the last trading day (Monday, 29th Apr 2024), rising from 14.20€ to 14.21€. During the last trading day the stock fluctuated 1.24% from a day low at 14.14€ to a day high of 14.32€. The price has risen in 7 of the last 10 days and is up by 0.85% over the past 2 weeks. Volume fell on the last day by -182 thousand shares and in total, 2 million shares were bought and sold for approximately 22.86€ million. 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.70% during the next 3 months and, with a 90% probability hold a price between 15.37€ and 16.26€ at the end of this 3-month period.
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FBK.MI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.73%. 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). The FinecoBank Banca Fineco 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 14.19€ and 13.86€. A breakdown below any of these levels will issue sell signals. 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 FinecoBank Banca Fineco S.p.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 13.33€ and 13.16€. 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, FinecoBank Banca Fineco S.p.A. finds support just below today's level at 13.33€. If this is broken, then the next support from accumulated volume will be at 13.16€ and 12.84€.
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 0.175€ between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: 13.62€ (-4.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (FBK.MI) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect FinecoBank Banca Fineco S.p.A. to open at 14.22€, and during the day (based on 14 day Average True Range), to move between 13.90€ and 14.51€, which gives a possible trading interval of +/-0.305€ (+/-2.15%) up or down from last closing price. If FinecoBank Banca Fineco S.p.A. takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 14.26€ (0.35%) than the support at 13.33€ (6.20%), 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.
Earnings coming up
FinecoBank Banca Fineco S.p.A. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.260. We will update the financials statements for FinecoBank Banca Fineco S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.51% in the first trading day after earnings release.
Is FinecoBank Banca Fineco 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 FinecoBank Banca Fineco S.p.A. stock to perform well in the short-term.
Current score: 2.148 Buy Candidate Unchanged
Predicted Opening Price for FinecoBank Banca Fineco S.p.A. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| 14.22€ ( 0.106%) | 14.21€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBK.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.40 | 1.34 % | |
| R2 | 14.33 | 0.87 % | ||
| R1 | 14.29 | 0.576 % | ||
| Current price: | 14.21 | |||
| Support | S1 | 14.15 | -0.365 % | |
| S2 | 14.11 | -0.656 % | ||
| S3 | 14.05 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.39 | 1.27 % | |
| R2 | 14.29 | 0.598 % | ||
| R1 | 14.26 | 0.352 % | ||
| Current price | 14.21 | |||
| Support | S1 | 13.33 | -6.20% | |
| S2 | 13.16 | -7.39% | ||
| S3 | 12.84 | -9.64% |
FBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.690€ | 4.84% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.490€ | 3.99% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.390€ | 3.09% |
| 4 | Nov 22, 2021 | Nov 22, 2021 | Nov 22, 2021 | 0.530€ | 3.17% |
| 5 | May 18, 2020 | May 18, 2020 | May 18, 2020 | 0.320€ | 3.13% |
FAQ
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