Green day on Friday for Fiat Chrysler Automobiles NV stock after gaining 0.76%
(Updated on Oct 15, 2021)
Buy or Hold candidate since 2021-10-08 Gain 3.58% PDF
The Fiat Chrysler Automobiles NV stock price gained 0.76% on the last trading day (Friday, 15th Oct 2021), rising from $19.83 to $19.98. , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.11% from a day low at $19.84 to a day high of $20.06. The price has risen in 7 of the last 10 days and is up by 4.83% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 492 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $46.13 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fiat Chrysler Automobiles NV stock with a 90% probability to be traded between $18.44 and $21.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals & Forecast
Mostly positive signals in the chart today. The Fiat Chrysler Automobiles NV stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $19.48 and $19.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, October 06, 2021, and so far it has risen 7.71%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss
Fiat Chrysler Automobiles NV finds support from accumulated volume at $19.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.22 (1.11%) between high and low. For the last week, the stock has had a daily average volatility of 1.55%.
Our recommended stop-loss: $19.19 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Is Fiat Chrysler Automobiles NV stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fiat Chrysler Automobiles NV stock to perform well in the short-term period.
Current score: 4.807
Predicted Opening Price for Fiat Chrysler Automobiles NV of Monday, October 18, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price October 18, 2021||Current price|
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