Leonardo S.p.a. Stock Forecast
Red day on Tuesday for Leonardo S.p.a.
(Updated on Jun 25, 2024)
The Leonardo S.p.a. stock price fell by -2.92% on the last day (Tuesday, 25th Jun 2024) from 22.29€ to 21.64€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.54% from a day low at 21.26€ to a day high of 21.80€. The price has fallen in 6 of the last 10 days and is down by -7.16% for this period. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately 71.48€ million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.65% during the next 3 months and, with a 90% probability hold a price between 21.81€ and 23.68€ at the end of this 3-month period.
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LDO.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Leonardo 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 22.30€ and 22.98€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -5.25%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Leonardo S.p.a. stock
Leonardo S.p.a. finds support from accumulated volume at 21.63€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.540€ between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LDO.MI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Leonardo S.p.a. to open at 21.57€, and during the day (based on 14 day Average True Range), to move between 20.93€ and 22.35€, which gives a possible trading interval of +/-0.708€ (+/-3.27%) up or down from last closing price. If Leonardo S.p.a. takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 21.63€ (0.05%) than the resistance at 22.05€ (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Leonardo S.p.a. stock A Buy?
The Leonardo S.p.a. stock holds several negative signals and despite the positive trend, we believe Leonardo 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: -2.548 Sell Candidate Unchanged
Predicted Opening Price for Leonardo S.p.a. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 21.57€ ( 0.339%) | 21.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LDO.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.11 | 2.16% |
| R2 | 21.90 | 1.20% |
| R1 | 21.77 | 0.614% |
| Price | 21.64 | |
| S1 | 21.36 | -1.29% |
| S2 | 21.23 | -1.88% |
| S3 | 21.03 | -2.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.28 | 7.58% |
| R2 | 22.76 | 5.18% |
| R1 | 22.05 | 1.89% |
| Price | 21.64 | |
| S1 | 21.63 | -0.0462% |
| S2 | 21.58 | -0.277% |
| S3 | 21.42 | -1.02% |
LDO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jun 26, 2024 | 0.280€ | 1.29% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.140€ | 1.25% |
| 3 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | 0.140€ | 1.44% |
| 4 | Jun 22, 2020 | Jun 22, 2020 | Jun 22, 2020 | 0.140€ | 2.25% |
| 5 | May 20, 2019 | May 20, 2019 | May 20, 2019 | 0.140€ | 1.41% |
FAQ
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