Indel B S.p.A. Stock Forecast
Indel B S.p.A. stock downgraded from Sell Candidate to Strong Sell Candidate after Tuesday trading session.
(Updated on May 21, 2024)
The Indel B S.p.A. stock price fell by -2.70% on the last day (Tuesday, 21st May 2024) from 22.20€ to 21.60€. During the last trading day the stock fluctuated 2.78% from a day low at 21.60€ to a day high of 22.20€. The price has fallen in 4 of the last 10 days and is down by -2.7% for this period. Volume has increased on the last day by 536 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, 2 thousand shares were bought and sold for approximately 47.11€ thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 21.31€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.44% during the next 3 months and, with a 90% probability hold a price between 19.73€ and 21.21€ 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.
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INDB.MI Signals & Forecast
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. The Indel B 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 22.14€ and 22.60€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -4.42%. Further fall is indicated until a new bottom pivot has been found. Indel B 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 Thursday, March 28, 2024 with a target of 23.56€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Indel B S.p.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.600€ between high and low, or 2.78%. For the last week the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INDB.MI) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Indel B S.p.A. to open at 21.80€, and during the day (based on 14 day Average True Range), to move between 21.23€ and 21.97€, which gives a possible trading interval of +/-0.375€ (+/-1.74%) up or down from last closing price. If Indel B S.p.A. takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 22.40€, some 0.800€ (3.70%) from the current price of 21.60€, our system finds the risk reward not very attractive.
Is Indel B S.p.A. stock A Buy?
Indel B S.p.A. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.116 Strong Sell Candidate Downgraded
Predicted Opening Price for Indel B S.p.A. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| 21.80€ ( 0.93%) | 21.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDB.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.40 | 3.70 % | |
| R2 | 22.17 | 2.64 % | ||
| R1 | 22.03 | 1.99 % | ||
| Current price: | 21.60 | |||
| Support | S1 | 21.57 | -0.135 % | |
| S2 | 21.43 | -0.791 % | ||
| S3 | 21.20 | -1.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.40 | 8.33 % | |
| R2 | 22.60 | 4.63 % | ||
| R1 | 22.40 | 3.70 % | ||
| Current price | 21.60 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
INDB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 05, 2024 | 0.80€ | 3.70% |
| 2 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | 0.80€ | 3.40% |
| 3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | 1.00€ | 3.85% |
| 4 | May 31, 2021 | May 31, 2021 | May 31, 2021 | 0.520€ | 2.06% |
| 5 | May 24, 2019 | May 24, 2019 | May 24, 2019 | 0.690€ | 3.09% |
FAQ
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