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Fiat Chrysler Automobiles NV Stock Forecast NYSE:FCAU

$19.98 (0.76%)

Volume: 2M

Closed: Oct 15, 2021

Hollow Logo Score: 4.807

Fiat Chrysler Automobiles NV Stock Forecast

$19.98 (0.76%)

Volume: 2M

Closed: Oct 15, 2021

Score Hollow Logo 4.807
Which way will FCAU go? Request
Stop-loss: $19.19 (-3.94%)
Key Stats
Beta 1.21
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 53 and the stock is currently not being overbought or oversold

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%

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
$19.96 $19.98 (Overvalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.55 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.55 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $20.29
Price: $19.98
Support: $19.72

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 20.18 1.00 %
20.10 0.58 %
20.04 0.32 %
Current price: 19.98
Support 19.88 -0.52 %
19.82 -0.78 %
19.74 -1.20 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 20.57 2.95 %
20.34 1.80 %
20.29 1.55 %
Current price 19.98
Support 19.72 -1.30%
19.10 -4.40%
19.05 -4.65%

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About Fiat Chrysler Automobiles NV

Fiat Chrysler Automobiles NV Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxur... Read more

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