Fincantieri S.p.A. Stock Forecast

Big movements in Fincantieri S.p.A. stock price on Tuesday moving 13.55% between high and low
(Updated on Jun 25, 2024)

FCT.MI Signals & Forecast

The Fincantieri S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 4.91€. On a fall, the stock will find some support from the long-term average at approximately 1.46€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -14.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Fincantieri S.p.A. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 0.572€ between high and low, or 13.55%. For the last week, the stock has had daily average volatility of 13.06%.

Our recommended stop-loss: 4.11€ (-5.32%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (FCT.MI) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Fincantieri S.p.A. to open at 4.45€, and during the day (based on 14 day Average True Range), to move between 3.93€ and 4.76€, which gives a possible trading interval of +/-0.414€ (+/-9.52%) up or down from last closing price. If Fincantieri S.p.A. takes out the full calculated possible swing range there will be an estimated 19.05% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 4.79€, some 0.448€ (10.31%) from the current price of 4.34€, our system finds the risk reward not very attractive.

Is Fincantieri S.p.A. stock A Buy?

Fincantieri S.p.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.449 Hold/Accumulate Downgraded

Predicted Opening Price for Fincantieri S.p.A. of Wednesday, June 26, 2024

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