MARR S.p.A. Stock Forecast

MARR S.p.A. stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on May 14, 2024)

MARR.MI Signals & Forecast

The MARR 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 12.07€. On a fall, the stock will find some support from the long-term average at approximately 11.67€. 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 Monday, May 13, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for MARR S.p.A. stock

MARR S.p.A. finds support from accumulated volume at 11.82€ 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 0.240€ between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: 11.53€ (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (MARR.MI) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect MARR S.p.A. to open at 12.09€, and during the day (based on 14 day Average True Range), to move between 11.79€ and 12.29€, which gives a possible trading interval of +/-0.246€ (+/-2.04%) up or down from last closing price. If MARR S.p.A. takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 12.08€ (0.33%) than the support at 11.82€ (1.83%), 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 MARR 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 MARR S.p.A. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.180 Buy Candidate Downgraded

Predicted Opening Price for MARR S.p.A. of Wednesday, May 15, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.