Fine Foods & Pharmaceuticals N.T.M. Stock Forecast

Stronger technical forecast for Fine Foods & Pharmaceuticals N.T.M. stock price after Tuesday trading.
(Updated on Jun 25, 2024)

FF.MI Signals & Forecast

Mostly positive signals in the chart today. The Fine Foods & Pharmaceuticals N.T.M. 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 9.13€ and 8.78€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 12.53%. 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). Fine Foods & Pharmaceuticals N.T.M. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Fine Foods & Pharmaceuticals N.T.M. stock

On the downside, the stock finds support just below today's level from accumulated volume at 8.80€ and 8.70€. 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, Fine Foods & Pharmaceuticals N.T.M. finds support just below today's level at 8.80€. If this is broken, then the next support from accumulated volume will be at 8.70€ and 8.32€.

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 0.280€ (3.09%) between high and low. For the last week, the stock has had daily average volatility of 2.31%.

Our recommended stop-loss: 9.01€ (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect Fine Foods & Pharmaceuticals N.T.M. S.p.A. to open at 9.25€, and during the day (based on 14 day Average True Range), to move between 9.11€ and 9.57€, which gives a possible trading interval of +/-0.235€ (+/-2.51%) up or down from last closing price. If Fine Foods & Pharmaceuticals N.T.M. S.p.A. takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 8.80€, some 0.540€ (5.78%) from the current price of 9.34€, our system finds the risk reward attractive.

Is Fine Foods & Pharmaceuticals N.T.M. S.p.A. stock A Buy?

Fine Foods & Pharmaceuticals N.T.M. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 9.000 Strong Buy Candidate Upgraded

Predicted Opening Price for Fine Foods & Pharmaceuticals N.T.M. S.p.A. of Wednesday, June 26, 2024

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