Arnoldo Mondadori Editore S.p.A. Stock Forecast
Arnoldo Mondadori Editore S.p.A. stock upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)
The Arnoldo Mondadori Editore S.p.A. stock price gained 2.74% on the last trading day (Friday, 28th Jun 2024), rising from 2.38€ to 2.44€. During the last trading day the stock fluctuated 4.66% from a day low at 2.36€ to a day high of 2.47€. The price has fallen in 5 of the last 10 days but is still up by 8.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 710 thousand more shares were traded than the day before. In total, 874 thousand shares were bought and sold for approximately 2.13€ million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 2.41€, a level that may pose a second chance to hit a runner. According to fan-theory 2.58€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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MN.MI Signals & Forecast
Mostly positive signals in the chart today. The Arnoldo Mondadori Editore S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 2.40€ and 2.31€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 9.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Arnoldo Mondadori Editore S.p.A. stock
Arnoldo Mondadori Editore S.p.A. finds support from accumulated volume at 2.42€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.110€ (4.66%) between high and low. For the last week, the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: 2.30€ (-5.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (MN.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Arnoldo Mondadori Editore S.p.A. to open at 2.42€, and during the day (based on 14 day Average True Range), to move between 2.37€ and 2.51€, which gives a possible trading interval of +/-0.0713€ (+/-2.92%) up or down from last closing price. If Arnoldo Mondadori Editore S.p.A. takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 2.42€, some 0.0250€ (1.02%) from the current price of 2.44€, our system finds the risk reward attractive.
Is Arnoldo Mondadori Editore S.p.A. stock A Buy?
Arnoldo Mondadori Editore S.p.A. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.465 Strong Buy Candidate Upgraded
Predicted Opening Price for Arnoldo Mondadori Editore S.p.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 2.42€ ( 0.683%) | 2.44€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MN.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.53 | 3.83% |
| R2 | 2.49 | 2.10% |
| R1 | 2.47 | 1.04% |
| Price | 2.44 | |
| S1 | 2.38 | -2.41% |
| S2 | 2.36 | -3.47% |
| S3 | 2.31 | -5.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2.44 | |
| S1 | 2.42 | -1.02% |
| S2 | 2.30 | -5.74% |
| S3 | 2.27 | -6.97% |
MN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 18, 2024 | Nov 18, 2024 | Nov 20, 2024 | 0.0600€ | 2.46% |
| 2 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.0600€ | 2.64% |
| 3 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.110€ | 5.95% |
| 4 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.0850€ | 4.67% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | 0.0600€ | 5.22% |
FAQ
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