Intred S.p.A. Stock Forecast
Evaluation of Intred S.p.A. stock downgraded after the last trading session.
(Updated on May 20, 2024)
No changes to the price of Intred S.p.A. stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 2.04% from a day low at 9.80€ to a day high of 10.00€. The price has been going up and down for this period, and there has been a 3.53% gain for the last 2 weeks.
The stock lies the upper part of a 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 10.18€ 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 -4.45% during the next 3 months and, with a 90% probability hold a price between 8.73€ and 9.73€ 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.
ITD.MI Signals & Forecast
The Intred S.p.A. 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 9.97€ and 9.80€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.697%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Intred S.p.A. stock
Intred S.p.A. finds support from accumulated volume at 9.90€ 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 0.200€ between high and low, or 2.04%. For the last week the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: 9.60€ (-3.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (ITD.MI) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Intred S.p.A. to open at 9.93€, and during the day (based on 14 day Average True Range), to move between 9.70€ and 10.26€, which gives a possible trading interval of +/-0.283€ (+/-2.83%) up or down from last closing price. If Intred S.p.A. takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.00€ (0.20%) than the support at 9.90€ (0.80%), 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 Intred S.p.A. stock A Buy?
Intred S.p.A. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.220 Hold/Accumulate Downgraded
Predicted Opening Price for Intred S.p.A. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 9.93€ ( 0.534%) | 9.98€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITD.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.13 | 1.47 % | |
| R2 | 10.05 | 0.704 % | ||
| R1 | 10.00 | 0.231 % | ||
| Current price: | 9.98 | |||
| Support | S1 | 9.85 | -1.30 % | |
| S2 | 9.80 | -1.77 % | ||
| S3 | 9.73 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.40 | 4.21 % | |
| R2 | 10.10 | 1.20 % | ||
| R1 | 10.00 | 0.200 % | ||
| Current price | 9.98 | |||
| Support | S1 | 9.90 | -0.80% | |
| S2 | 9.88 | -1.00% | ||
| S3 | 9.80 | -1.80% |
ITD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 08, 2024 | 0.100€ | 1.00% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.0700€ | 0.538% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 0.0600€ | 0.414% |
| 4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 0.0400€ | 0.268% |
| 5 | May 04, 2020 | May 04, 2020 | May 04, 2020 | 0.0300€ | 0.355% |
FAQ
Click here for our free guide on how to buy Intred S.p.A. Stock.
