LU-VE S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
LU-VE S.p.A. stock price ended at 26.00€ on Thursday, after gaining 2.16%.
(Updated on Jun 27, 2024)
The LU-VE S.p.A. stock price gained 2.16% on the last trading day (Thursday, 27th Jun 2024), rising from 25.45€ to 26.00€. During the last trading day the stock fluctuated 2.16% from a day low at 25.45€ to a day high of 26.00€. The price has risen in 6 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 20 thousand shares were bought and sold for approximately 531.57€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 20.57% during the next 3 months and, with a 90% probability hold a price between 29.56€ and 32.52€ at the end of this 3-month period.
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LUVE.MI Signals & Forecast
The LU-VE S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 26.04€. On a fall, the stock will find some support from the long-term average at approximately 24.82€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, June 20, 2024, and so far it has fallen -2.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for LU-VE S.p.A. stock
LU-VE S.p.A. finds support from accumulated volume at 25.75€ 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 0.550€ between high and low, or 2.16%. For the last week the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: 24.78€ (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (LUVE.MI) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect LU-VE S.p.A. to open at 25.82€, and during the day (based on 14 day Average True Range), to move between 25.30€ and 26.70€, which gives a possible trading interval of +/-0.704€ (+/-2.71%) up or down from last closing price. If LU-VE S.p.A. takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 26.20€ (0.77%) than the support at 25.75€ (0.96%), 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 LU-VE S.p.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for LU-VE S.p.A. stock to perform well in the short-term.
Current score: 2.396 Buy Candidate Unchanged
Predicted Opening Price for LU-VE S.p.A. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
25.82€ ( 0.705%) | 26.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUVE.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.37 | 1.41% |
R2 | 26.16 | 0.602% |
R1 | 26.03 | 0.103% |
Price | 26.00 | |
S1 | 25.61 | -1.51% |
S2 | 25.48 | -2.01% |
S3 | 25.27 | -2.82% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 26.30 | 1.15% |
R2 | 26.25 | 0.96% |
R1 | 26.20 | 0.769% |
Price | 26.00 | |
S1 | 25.75 | -0.96% |
S2 | 23.80 | -8.46% |
S3 | 22.45 | -13.65% |
LUVE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 06, 2024 | May 06, 2024 | May 08, 2024 | 0.400€ | 1.76% |
2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.380€ | 1.36% |
3 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 0.350€ | 1.98% |
4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 0.270€ | 1.75% |
5 | May 04, 2020 | May 04, 2020 | May 04, 2020 | 0.270€ | 2.50% |
FAQ
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