Juventus Football Club S.p.A. Stock Forecast
Juventus Football Club S.p.A. stock price down 0.674% on Monday
(Updated on May 06, 2024)
The Juventus Football Club S.p.A. stock price fell by -0.674% on the last day (Monday, 6th May 2024) from 1.87€ to 1.86€. During the last trading day the stock fluctuated 2.18% from a day low at 1.85€ to a day high of 1.89€. The price has risen in 6 of the last 10 days and is up by 9.02% 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 -2 million shares and in total, 561 thousand shares were bought and sold for approximately 1.04€ million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.14% during the next 3 months and, with a 90% probability hold a price between 1.08€ and 1.55€ 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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JUVE.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.02%. 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. The Juventus Football Club S.p.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 2.00€. On a fall, the stock will find some support from the short-term average at 1.79€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Juventus Football Club S.p.A. stock
Juventus Football Club S.p.A. finds support from accumulated volume at 1.85€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0404€ between high and low, or 2.18%. For the last week the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: 1.78€ (-4.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (JUVE.MI) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Juventus Football Club S.p.A. to open at 1.87€, and during the day (based on 14 day Average True Range), to move between 1.78€ and 1.94€, which gives a possible trading interval of +/-0.0784€ (+/-4.22%) up or down from last closing price. If Juventus Football Club S.p.A. takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.85€ (0.50%) than the resistance at 1.95€ (5.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Juventus Football Club S.p.A. stock A Buy?
Juventus Football Club 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.
Current score: 0.024 Hold/Accumulate Unchanged
Predicted Opening Price for Juventus Football Club S.p.A. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| 1.87€ ( 0.467%) | 1.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUVE.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.91 | 2.64 % | |
| R2 | 1.89 | 1.81 % | ||
| R1 | 1.88 | 1.30 % | ||
| Current price: | 1.86 | |||
| Support | S1 | 1.85 | -0.364 % | |
| S2 | 1.84 | -0.88 % | ||
| S3 | 1.83 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.17 | 16.65 % | |
| R2 | 2.12 | 13.99 % | ||
| R1 | 1.95 | 5.22 % | ||
| Current price | 1.86 | |||
| Support | S1 | 1.85 | -0.495% | |
| S2 | 1.77 | -4.78% | ||
| S3 | 1.70 | -8.27% |
JUVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 04, 2002 | Nov 04, 2002 | Nov 04, 2002 | 0.0032€ | 0.0736% |
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