Grifal S.p.A. Stock Forecast
Green day on Friday for Grifal S.p.A.
(Updated on May 17, 2024)
The Grifal S.p.A. stock price gained 2.70% on the last trading day (Friday, 17th May 2024), rising from 2.22€ to 2.28€. During the last trading day the stock fluctuated 2.70% from a day low at 2.22€ to a day high of 2.28€. The price has risen in 6 of the last 10 days and is up by 5.56% 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, 3 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately 15.96€ thousand.
The stock lies in the upper part of a wide and weak 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 2.28€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.83% during the next 3 months and, with a 90% probability hold a price between 2.10€ and 2.37€ at the end of this 3-month period.
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GRAL.MI Signals & Forecast
The Grifal 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 2.20€ and 2.18€. A breakdown below any of these levels will issue sell signals. Grifal S.p.A. 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. 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 Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Grifal S.p.A. stock
Grifal S.p.A. finds support from accumulated volume at 2.23€ 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 0.0600€ (2.70%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: 2.19€ (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GRAL.MI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Grifal S.p.A. to open at 2.26€, and during the day (based on 14 day Average True Range), to move between 2.22€ and 2.34€, which gives a possible trading interval of +/-0.0639€ (+/-2.80%) up or down from last closing price. If Grifal S.p.A. takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 2.23€, some 0.0500€ (2.19%) from the current price of 2.28€, our system finds the risk reward attractive.
Is Grifal 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 Grifal S.p.A. stock to perform well in the short-term.
Current score: 1.093 Buy Candidate Unchanged
Predicted Opening Price for Grifal S.p.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 2.26€ ( 0.88%) | 2.28€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRAL.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.32 | 1.75 % | |
| R2 | 2.30 | 0.749 % | ||
| R1 | 2.28 | 0.128 % | ||
| Current price: | 2.28 | |||
| Support | S1 | 2.24 | -1.88 % | |
| S2 | 2.22 | -2.50 % | ||
| S3 | 2.20 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2.28 | |||
| Support | S1 | 2.23 | -2.19% | |
| S2 | 2.15 | -5.70% | ||
| S3 | 1.97 | -13.60% |
GRAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2019 | May 20, 2019 | May 20, 2019 | 0.0300€ | 0.668% |
FAQ
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