Fincantieri S.p.A. Stock Forecast
Fincantieri S.p.A. stock price ended at 5.01€ on Tuesday, after losing 0.239%.
(Updated on Jul 02, 2024)
The Fincantieri S.p.A. stock price fell by -0.239% on the last day (Tuesday, 2nd Jul 2024) from 5.02€ to 5.01€. During the last trading day the stock fluctuated 8.23% from a day low at 4.80€ to a day high of 5.20€. The price has fallen in 6 of the last 10 days and is down by -1.94% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 2 million shares were bought and sold for approximately 9.74€ million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 5.67€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 169.59% during the next 3 months and, with a 90% probability hold a price between 3.23€ and 15.30€ at the end of this 3-month period.
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FCT.MI Signals & Forecast
The Fincantieri 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 4.68€ and 2.04€. A breakdown below any of these levels will issue sell signals. 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 -1.94%. 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
Fincantieri S.p.A. finds support from accumulated volume at 4.79€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.395€ between high and low, or 8.23%. For the last week, the stock has had daily average volatility of 6.71%.
The Fincantieri S.p.A. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 4.83€ (-3.59%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (FCT.MI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Fincantieri S.p.A. to open at 5.00€, and during the day (based on 14 day Average True Range), to move between 4.62€ and 5.39€, which gives a possible trading interval of +/-0.385€ (+/-7.69%) 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 15.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.02€ (0.24%) than the support at 4.79€ (4.37%), 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.
Is Fincantieri 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 Fincantieri S.p.A. stock to perform well in the short-term.
Current score: 2.332 Buy Candidate Unchanged
Predicted Opening Price for Fincantieri S.p.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 5.00€ ( 0.126%) | 5.01€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FCT.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.40 | 7.76% |
| R2 | 5.25 | 4.75% |
| R1 | 5.15 | 2.89% |
| Price | 5.01 | |
| S1 | 4.85 | -3.14% |
| S2 | 4.76 | -5.00% |
| S3 | 4.61 | -8.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.08 | 1.44% |
| R2 | 5.06 | 1.06% |
| R1 | 5.02 | 0.240% |
| Price | 5.01 | |
| S1 | 4.79 | -4.37% |
| S2 | 4.53 | -9.54% |
| S3 | 4.34 | -13.31% |
FCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2019 | Apr 15, 2019 | Apr 15, 2019 | 0.0100€ | 0.0931% |
| 2 | May 21, 2018 | May 21, 2018 | May 21, 2018 | 0.0100€ | 0.0747% |
FAQ
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