Banca IFIS S.p.A. Stock Forecast

Green day on Friday for Banca IFIS S.p.A.
(Updated on May 10, 2024)

IF.MI Signals & Forecast

The Banca IFIS S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 21.13€. On a fall, the stock will find some support from the long-term average at approximately 19.59€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 08, 2024, and so far it has fallen -3.62%. 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 Banca IFIS S.p.A. stock

Banca IFIS S.p.A. finds support from accumulated volume at 19.89€ 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 1.09€ between high and low, or 5.46%. For the last week, the stock has had daily average volatility of 3.02%.

Our recommended stop-loss: 19.66€ (-5.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (IF.MI) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Banca IFIS S.p.A. to open at 20.58€, and during the day (based on 14 day Average True Range), to move between 20.24€ and 21.24€, which gives a possible trading interval of +/-0.500€ (+/-2.41%) up or down from last closing price. If Banca IFIS S.p.A. takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 20.80€ (0.29%) than the support at 19.89€ (4.10%), 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 Banca IFIS 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 Banca IFIS S.p.A. stock to perform well in the short-term.

Current score: 1.833 Buy Candidate Unchanged

Predicted Opening Price for Banca IFIS S.p.A. of Monday, May 13, 2024

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