illimity Bank S.p.A. Stock Forecast
illimity Bank S.p.A. stock price down 1.00% on Wednesday
(Updated on May 29, 2024)
The illimity Bank S.p.A. stock price fell by -1.00% on the last day (Wednesday, 29th May 2024) from 4.82€ to 4.77€. During the last trading day the stock fluctuated 1.64% from a day low at 4.75€ to a day high of 4.83€. The price has fallen in 6 of the last 10 days and is down by -10.84% for this period. 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 -64 thousand shares and in total, 198 thousand shares were bought and sold for approximately 946.34€ thousand.
Given the current short-term trend, the stock is expected to rise 16.35% during the next 3 months and, with a 90% probability hold a price between 5.55€ and 6.51€ at the end of this 3-month period.
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ILTY.MI Signals & Forecast
There are few to no technical positive signals at the moment. The illimity Bank 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 4.81€ and 4.97€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -12.48%. 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). 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 illimity Bank S.p.A. stock
illimity Bank S.p.A. finds support from accumulated volume at 4.66€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0780€ between high and low, or 1.64%. For the last week the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ILTY.MI) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect illimity Bank S.p.A. to open at 4.78€, and during the day (based on 14 day Average True Range), to move between 4.61€ and 4.93€, which gives a possible trading interval of +/-0.157€ (+/-3.29%) up or down from last closing price. If illimity Bank S.p.A. takes out the full calculated possible swing range there will be an estimated 6.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.66€ (2.22%) than the resistance at 5.16€ (8.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is illimity Bank S.p.A. stock A Buy?
The illimity Bank S.p.A. stock holds several negative signals and despite the positive trend, we believe illimity Bank S.p.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.643 Sell Candidate Unchanged
Predicted Opening Price for illimity Bank S.p.A. of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| 4.78€ ( 0.294%) | 4.77€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILTY.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.86 | 1.93 % | |
| R2 | 4.83 | 1.30 % | ||
| R1 | 4.81 | 0.92 % | ||
| Current price: | 4.77 | |||
| Support | S1 | 4.75 | -0.331 % | |
| S2 | 4.74 | -0.717 % | ||
| S3 | 4.71 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.45 | 14.26 % | |
| R2 | 5.36 | 12.37 % | ||
| R1 | 5.16 | 8.18 % | ||
| Current price | 4.77 | |||
| Support | S1 | 4.66 | -2.22% | |
| S2 | 4.60 | -3.48% | ||
| S3 | 4.45 | -6.67% |
ILTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.249€ | 5.09% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.180€ | 2.85% |
FAQ
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