MARR S.p.A. Stock Forecast
Green day on Friday for MARR S.p.A.
(Updated on May 24, 2024)
The MARR S.p.A. stock price gained 1.61% on the last trading day (Friday, 24th May 2024), rising from 11.16€ to 11.34€. During the last trading day the stock fluctuated 2.88% from a day low at 11.10€ to a day high of 11.42€. The price has fallen in 7 of the last 10 days and is down by -6.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 209 thousand shares were bought and sold for approximately 2.37€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 11.18€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.27% during the next 3 months and, with a 90% probability hold a price between 12.10€ and 13.64€ at the end of this 3-month period.
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MARR.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MARR 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 11.68€ and 11.71€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -4.00% to 10.89€ within 9 trading days since signal was issued (Monday, May 27, 2024).
Support, Risk & Stop-loss for MARR S.p.A. stock
MARR S.p.A. finds support from accumulated volume at 11.32€ 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 0.320€ between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MARR.MI) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect MARR S.p.A. to open at 11.29€, and during the day (based on 14 day Average True Range), to move between 11.03€ and 11.65€, which gives a possible trading interval of +/-0.311€ (+/-2.74%) 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 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.36€ (0.18%) than the support at 11.32€ (0.18%), 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?
The MARR S.p.A. stock holds several negative signals and despite the positive trend, we believe MARR 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: -1.343 Sell Candidate Unchanged
Predicted Opening Price for MARR S.p.A. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 11.29€ ( 0.470%) | 11.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MARR.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.61 | 2.35 % | |
| R2 | 11.48 | 1.27 % | ||
| R1 | 11.41 | 0.608 % | ||
| Current price: | 11.34 | |||
| Support | S1 | 11.16 | -1.55 % | |
| S2 | 11.09 | -2.21 % | ||
| S3 | 10.97 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.90 | 4.94 % | |
| R2 | 11.82 | 4.23 % | ||
| R1 | 11.36 | 0.176 % | ||
| Current price | 11.34 | |||
| Support | S1 | 11.32 | -0.176% | |
| S2 | 10.90 | -3.88% | ||
| S3 | 10.70 | -5.64% |
MARR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 20, 2024 | 0€ | 0% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.380€ | 2.63% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.470€ | 3.52% |
| 4 | Oct 18, 2021 | Oct 18, 2021 | Oct 18, 2021 | 0.350€ | 1.71% |
| 5 | May 25, 2020 | May 25, 2020 | May 25, 2020 | 0.400€ | 3.17% |
FAQ
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