Moncler S.p.A. Stock Forecast
Green day on Friday for Moncler S.p.A.
(Updated on May 03, 2024)
The Moncler S.p.A. stock price gained 0.281% on the last trading day (Friday, 3rd May 2024), rising from 64.12€ to 64.30€. During the last trading day the stock fluctuated 1.93% from a day low at 64.14€ to a day high of 65.38€. The price has fallen in 5 of the last 10 days and is down by -2.04% for this period. Volume fell on the last day by -47 thousand shares and in total, 538 thousand shares were bought and sold for approximately 34.60€ million. 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 weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 62.84€ 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 7.53% during the next 3 months and, with a 90% probability hold a price between 67.57€ and 78.61€ at the end of this 3-month period.
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MONC.MI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Moncler 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 64.79€ and 66.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -8.59%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Moncler S.p.A. stock
Moncler S.p.A. finds support from accumulated volume at 64.12€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.24€ between high and low, or 1.93%. For the last week the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MONC.MI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Moncler S.p.A. to open at 64.61€, and during the day (based on 14 day Average True Range), to move between 62.80€ and 65.80€, which gives a possible trading interval of +/-1.50€ (+/-2.33%) up or down from last closing price. If Moncler S.p.A. takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 64.12€ (0.28%) than the resistance at 66.66€ (3.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moncler S.p.A. stock A Buy?
The Moncler S.p.A. stock holds several negative signals and despite the positive trend, we believe Moncler 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: -1.886 Sell Candidate Unchanged
Predicted Opening Price for Moncler S.p.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 64.61€ ( 0.477%) | 64.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MONC.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.85 | 2.41 % | |
| R2 | 65.37 | 1.67 % | ||
| R1 | 65.08 | 1.21 % | ||
| Current price: | 64.30 | |||
| Support | S1 | 64.13 | -0.260 % | |
| S2 | 63.84 | -0.715 % | ||
| S3 | 63.37 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.26 | 7.71 % | |
| R2 | 68.24 | 6.13 % | ||
| R1 | 66.66 | 3.67 % | ||
| Current price | 64.30 | |||
| Support | S1 | 64.12 | -0.280% | |
| S2 | 62.70 | -2.49% | ||
| S3 | 59.36 | -7.68% |
MONC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 1.15€ | 1.79% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 1.12€ | 1.73% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.600€ | 1.42% |
| 4 | May 24, 2021 | May 24, 2021 | May 24, 2021 | 0.450€ | 0.83% |
| 5 | Feb 24, 2021 | Feb 24, 2021 | Feb 24, 2021 | 0.450€ | 0.88% |
FAQ
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