Gruppo MutuiOnline S.p.A Stock Forecast
Gruppo MutuiOnline S.p.A stock price ended at 35.10€ on Friday, after gaining 2.48%.
(Updated on Apr 26, 2024)
The Gruppo MutuiOnline S.p.A stock price gained 2.48% on the last trading day (Friday, 26th Apr 2024), rising from 34.25€ to 35.10€. During the last trading day the stock fluctuated 4.74% from a day low at 33.75€ to a day high of 35.35€. The price has risen in 6 of the last 10 days but is still down by -0.71% for this period. Volume fell on the last day by -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately 187.15€ 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 34.34€ 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 15.56% during the next 3 months and, with a 90% probability hold a price between 39.68€ and 46.33€ at the end of this 3-month period.
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MOL.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Gruppo MutuiOnline S.p.A stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 35.51€. On a fall, the stock will find some support from the short-term average at 34.65€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -9.30%. 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 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 Gruppo MutuiOnline S.p.A stock
Gruppo MutuiOnline S.p.A finds support from accumulated volume at 34.70€ 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 1.60€ between high and low, or 4.74%. For the last week the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOL.MI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Gruppo MutuiOnline S.p.A to open at 34.73€, and during the day (based on 14 day Average True Range), to move between 34.01€ and 36.19€, which gives a possible trading interval of +/-1.09€ (+/-3.10%) up or down from last closing price. If Gruppo MutuiOnline S.p.A takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 35.25€ (0.43%) than the support at 34.70€ (1.14%), 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 Gruppo MutuiOnline S.p.A stock A Buy?
The Gruppo MutuiOnline S.p.A stock holds several negative signals and despite the positive trend, we believe Gruppo MutuiOnline 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: -3.397 Sell Candidate Unchanged
Predicted Opening Price for Gruppo MutuiOnline S.p.A of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 34.73€ ( 1.04%) | 35.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOL.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.33 | 3.51 % | |
| R2 | 35.72 | 1.77 % | ||
| R1 | 35.34 | 0.697 % | ||
| Current price: | 35.10 | |||
| Support | S1 | 34.12 | -2.79 % | |
| S2 | 33.74 | -3.86 % | ||
| S3 | 33.13 | -5.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.15 | 5.84 % | |
| R2 | 36.05 | 2.71 % | ||
| R1 | 35.25 | 0.427 % | ||
| Current price | 35.10 | |||
| Support | S1 | 34.70 | -1.14% | |
| S2 | 34.00 | -3.13% | ||
| S3 | 33.50 | -4.56% |
MOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 02, 2024 | 0€ | 0% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | 0.120€ | 0.399% |
| 3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 0.300€ | 1.05% |
| 4 | May 17, 2021 | May 17, 2021 | May 17, 2021 | 0.400€ | 0.93% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | 0.120€ | 0.642% |
FAQ
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