Infrastrutture Wireless Italiane S.p.A. Stock Forecast
Stronger technical forecast for Infrastrutture Wireless Italiane S.p.A. stock price after Friday trading.
(Updated on May 03, 2024)
The Infrastrutture Wireless Italiane S.p.A. stock price gained 0.791% on the last trading day (Friday, 3rd May 2024), rising from 10.12€ to 10.20€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.48% from a day low at 10.08€ to a day high of 10.33€. The price has risen in 8 of the last 10 days and is up by 3.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 255 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 12.69€ million.
The stock lies the upper part of a 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 10.23€ 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 -8.49% during the next 3 months and, with a 90% probability hold a price between 8.75€ and 9.36€ 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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INW.MI Signals & Forecast
Mostly positive signals in the chart today. The Infrastrutture Wireless Italiane S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 10.04€ and 10.15€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.67%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Infrastrutture Wireless Italiane S.p.A. stock
Infrastrutture Wireless Italiane S.p.A. finds support from accumulated volume at 10.08€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.250€ between high and low, or 2.48%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: 9.69€ (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (INW.MI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Infrastrutture Wireless Italiane S.p.A. to open at 10.20€, and during the day (based on 14 day Average True Range), to move between 10.03€ and 10.37€, which gives a possible trading interval of +/-0.170€ (+/-1.67%) up or down from last closing price. If Infrastrutture Wireless Italiane S.p.A. takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.24€ (0.34%) than the support at 10.08€ (1.18%), 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.
Earnings coming up
Infrastrutture Wireless Italiane S.p.A. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.100. We will update the financials statements for Infrastrutture Wireless Italiane S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.73% in the first trading day after earnings release.
Is Infrastrutture Wireless Italiane S.p.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.387 Buy Candidate Upgraded
Predicted Opening Price for Infrastrutture Wireless Italiane S.p.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 10.20€ ( 0.0327%) | 10.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INW.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.45 | 2.48 % | |
| R2 | 10.36 | 1.55 % | ||
| R1 | 10.30 | 0.97 % | ||
| Current price: | 10.20 | |||
| Support | S1 | 10.11 | -0.90 % | |
| S2 | 10.05 | -1.48 % | ||
| S3 | 9.95 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.47 | 2.65 % | |
| R2 | 10.45 | 2.40 % | ||
| R1 | 10.24 | 0.343 % | ||
| Current price | 10.20 | |||
| Support | S1 | 10.08 | -1.18% | |
| S2 | 9.98 | -2.16% | ||
| S3 | 9.95 | -2.45% |
INW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.480€ | 4.70% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.347€ | 2.91% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.323€ | 3.19% |
| 4 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | 0.323€ | 3.16% |
| 5 | May 24, 2021 | May 24, 2021 | May 24, 2021 | 0.300€ | 3.29% |
FAQ
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