Immobiliare Grande Distribuzione SIIQ Stock Forecast
Red day on Wednesday for Immobiliare Grande Distribuzione SIIQ
(Updated on Apr 24, 2024)
The Immobiliare Grande Distribuzione SIIQ stock price fell by -4.80% on the last day (Wednesday, 24th Apr 2024) from 1.67€ to 1.59€. During the last trading day the stock fluctuated 6.24% from a day low at 1.57€ to a day high of 1.67€. The price has risen in 6 of the last 10 days and is up by 8.04% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -111 thousand shares and in total, 679 thousand shares were bought and sold for approximately 1.08€ million.
The stock lies the upper part of a very wide and falling 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 1.65€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -36.81% during the next 3 months and, with a 90% probability hold a price between 0.761€ and 1.04€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
IGD.MI Signals & Forecast
The Immobiliare Grande Distribuzione SIIQ 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 1.55€ and 1.51€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 12.80%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Immobiliare Grande Distribuzione SIIQ stock
On the downside, the stock finds support just below today's level from accumulated volume at 1.50€ and 1.46€. 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, Immobiliare Grande Distribuzione SIIQ finds support just below today's level at 1.50€. If this is broken, then the next support from accumulated volume will be at 1.46€ and 1.45€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0980€ between high and low, or 6.24%. For the last week the stock has had daily average volatility of 5.43%.
Our recommended stop-loss: 1.52€ (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (IGD.MI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Immobiliare Grande Distribuzione SIIQ S.p.A. to open at 1.61€, and during the day (based on 14 day Average True Range), to move between 1.52€ and 1.65€, which gives a possible trading interval of +/-0.0647€ (+/-4.08%) up or down from last closing price. If Immobiliare Grande Distribuzione SIIQ S.p.A. takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.50€ (5.42%) than the resistance at 1.70€ (7.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Immobiliare Grande Distribuzione SIIQ S.p.A. stock A Buy?
Immobiliare Grande Distribuzione SIIQ holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.785 Hold/Accumulate Unchanged
Predicted Opening Price for Immobiliare Grande Distribuzione SIIQ S.p.A. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 1.61€ ( 1.39%) | 1.59€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGD.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.71 | 7.57 % | |
| R2 | 1.67 | 5.21 % | ||
| R1 | 1.65 | 3.75 % | ||
| Current price: | 1.59 | |||
| Support | S1 | 1.57 | -0.97 % | |
| S2 | 1.55 | -2.43 % | ||
| S3 | 1.51 | -4.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.88 | 18.54 % | |
| R2 | 1.77 | 11.60 % | ||
| R1 | 1.70 | 7.06 % | ||
| Current price | 1.59 | |||
| Support | S1 | 1.50 | -5.42% | |
| S2 | 1.46 | -8.20% | ||
| S3 | 1.45 | -8.45% |
IGD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.300€ | 11.36% |
| 2 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 0.350€ | 9.10% |
| 3 | Jul 20, 2020 | Jul 20, 2020 | Jul 20, 2020 | 0.228€ | 6.75% |
| 4 | May 13, 2019 | May 13, 2019 | May 13, 2019 | 0.500€ | 8.17% |
| 5 | Jun 11, 2018 | Jun 11, 2018 | Jun 11, 2018 | 0.500€ | 7.05% |
FAQ
Click here for our free guide on how to buy Immobiliare Grande Distribuzione SIIQ S.p.A. Stock.
