Grifal S.p.A. Stock Forecast
Grifal S.p.A. stock price ended at 2.14€ on Wednesday, after losing 2.28%.
(Updated on Jul 03, 2024)
The Grifal S.p.A. stock price fell by -2.28% on the last day (Wednesday, 3rd Jul 2024) from 2.19€ to 2.14€. During the last trading day the stock fluctuated 1.40% from a day low at 2.14€ to a day high of 2.17€. The price has risen in 5 of the last 10 days and is up by 3.38% over the past 2 weeks. Volume has increased on the last day by 2 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, 3 thousand shares were bought and sold for approximately 6.42€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Grifal S.p.A. stock with a 90% probability to be traded between 2.07€ and 2.28€ 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.
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GRAL.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Grifal S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 2.15€ and 2.18€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen -2.28%. 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). Grifal 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, May 20, 2024 with a target of 2.20€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Grifal S.p.A. stock
Grifal S.p.A. finds support from accumulated volume at 2.12€ 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 0.0300€ between high and low, or 1.40%. For the last week, the stock has had daily average volatility of 0.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRAL.MI) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Grifal S.p.A. to open at 2.15€, and during the day (based on 14 day Average True Range), to move between 2.09€ and 2.19€, which gives a possible trading interval of +/-0.0452€ (+/-2.11%) 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 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 2.16€ (0.93%) than the support at 2.12€ (0.93%), 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 Grifal S.p.A. stock A Buy?
Grifal 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: -3.953 Sell Candidate Unchanged
Predicted Opening Price for Grifal S.p.A. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| 2.15€ ( 0.467%) | 2.14€ |
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 | |
|---|---|---|
| R3 | 2.18 | 1.87% |
| R2 | 2.17 | 1.33% |
| R1 | 2.16 | 1.00% |
| Price | 2.14 | |
| S1 | 2.14 | -0.0682% |
| S2 | 2.13 | -0.399% |
| S3 | 2.12 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.28 | 6.54% |
| R2 | 2.27 | 6.07% |
| R1 | 2.16 | 0.93% |
| Price | 2.14 | |
| S1 | 2.12 | -0.93% |
| S2 | 2.10 | -1.87% |
| S3 | 2.07 | -3.27% |
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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