MARR S.p.A. Stock Forecast
Stronger technical forecast for MARR S.p.A. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The MARR S.p.A. stock price fell by -0.82% on the last day (Tuesday, 2nd Jul 2024) from 12.16€ to 12.06€. During the last trading day the stock fluctuated 1.85% from a day low at 11.92€ to a day high of 12.14€. The price has fallen in 6 of the last 10 days and is down by -2.27% for this period. 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 -15 thousand shares and in total, 93 thousand shares were bought and sold for approximately 1.13€ million.
The stock lies in the middle of a wide and 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 5.96% during the next 3 months and, with a 90% probability hold a price between 12.17€ and 13.65€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 12.21€. On a fall, the stock will find some support from the long-term average at approximately 11.91€. 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. 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 -3.21%. 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 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.
A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -4.98% to 11.46€ within 25 trading days since signal was issued (Thursday, July 25, 2024).
Support, Risk & Stop-loss for MARR S.p.A. stock
MARR S.p.A. finds support from accumulated volume at 12.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.220€ between high and low, or 1.85%. For the last week the stock has had daily average volatility of 1.76%
Our recommended stop-loss: 11.52€ (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (MARR.MI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect MARR S.p.A. to open at 12.04€, and during the day (based on 14 day Average True Range), to move between 11.78€ and 12.34€, which gives a possible trading interval of +/-0.280€ (+/-2.32%) 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 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 12.10€ (0.33%) than the support at 12.00€ (0.50%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.417 Buy Candidate Upgraded
Predicted Opening Price for MARR S.p.A. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 12.04€ ( 0.166%) | 12.06€ |
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 | |
|---|---|---|
| R3 | 12.26 | 1.66% |
| R2 | 12.18 | 0.96% |
| R1 | 12.12 | 0.531% |
| Price | 12.06 | |
| S1 | 11.96 | -0.86% |
| S2 | 11.90 | -1.29% |
| S3 | 11.82 | -1.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.34 | 2.32% |
| R2 | 12.16 | 0.83% |
| R1 | 12.10 | 0.332% |
| Price | 12.06 | |
| S1 | 12.00 | -0.498% |
| S2 | 11.90 | -1.33% |
| S3 | 11.74 | -2.65% |
MARR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.600€ | 5.31% |
| 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
Click here for our free guide on how to buy MARR S.p.A. Stock.
