Gefran S.p.A. Stock Forecast
Gefran S.p.A. stock price ended at 7.90€ on Wednesday, after losing 2.71%.
(Updated on May 08, 2024)
The Gefran S.p.A. stock price fell by -2.71% on the last day (Wednesday, 8th May 2024) from 8.12€ to 7.90€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.05% from a day low at 7.88€ to a day high of 8.12€. The price has been going up and down for this period, and there has been a -1.5% loss for the last 2 weeks. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 thousand shares were bought and sold for approximately 221.55€ thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 7.83€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Gefran S.p.A. stock with a 90% probability to be traded between 7.82€ and 8.97€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GE.MI Signals & Forecast
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. The Gefran S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 8.22€ and 8.12€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -12.03%. Further fall is indicated until a new bottom pivot has been found. Gefran S.p.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Gefran S.p.A. stock
Gefran S.p.A. finds support from accumulated volume at 7.87€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.240€ between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GE.MI) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Gefran S.p.A. to open at 7.97€, and during the day (based on 14 day Average True Range), to move between 7.67€ and 8.13€, which gives a possible trading interval of +/-0.229€ (+/-2.90%) up or down from last closing price. If Gefran S.p.A. takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 7.87€ (0.38%) than the resistance at 8.02€ (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Gefran S.p.A. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Gefran S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.00% in the first trading day after earnings release.
Is Gefran S.p.A. stock A Buy?
Gefran S.p.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.567 Sell Candidate Unchanged
Predicted Opening Price for Gefran S.p.A. of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
7.97€ ( 0.84%) | 7.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GE.MI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.21 | 3.88 % | |
R2 | 8.11 | 2.72 % | ||
R1 | 8.06 | 2.00 % | ||
Current price: | 7.90 | |||
Support | S1 | 7.87 | -0.317 % | |
S2 | 7.82 | -1.03 % | ||
S3 | 7.73 | -2.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.18 | 3.54 % | |
R2 | 8.12 | 2.78 % | ||
R1 | 8.02 | 1.52 % | ||
Current price | 7.90 | |||
Support | S1 | 7.87 | -0.380% | |
S2 | 7.83 | -0.89% | ||
S3 | 0 | . |
GE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 06, 2024 | May 06, 2024 | May 06, 2024 | 0€ | 0% |
2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.400€ | 4.08% |
3 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 0.380€ | 4.47% |
4 | Oct 11, 2021 | Oct 11, 2021 | Oct 11, 2021 | 0.330€ | 2.92% |
5 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.260€ | 3.43% |
FAQ
Click here for our free guide on how to buy Gefran S.p.A. Stock.