Natuzzi S.p.A. Stock Forecast
Natuzzi S.p.A. stock price up 4.79% on Wednesday
(Updated on May 01, 2024)
The Natuzzi S.p.A. stock price gained 4.79% on the last trading day (Wednesday, 1st May 2024), rising from $6.14 to $6.43. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.98% from a day low at $5.90 to a day high of $6.43. The price has risen in 5 of the last 10 days and is up by 6.11% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $12.50 thousand.
Given the current short-term trend, the stock is expected to fall -4.67% during the next 3 months and, with a 90% probability hold a price between $5.55 and $6.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NTZ Signals & Forecast
The Natuzzi S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.00 and $6.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 9.91%. 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). Natuzzi S.p.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Natuzzi S.p.A. stock
Natuzzi S.p.A. finds support from accumulated volume at $6.25 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 $0.530 (8.98%) between high and low. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: $6.19 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (NTZ) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Natuzzi S.p.A. to open at $6.25, and during the day (based on 14 day Average True Range), to move between $6.22 and $6.64, which gives a possible trading interval of +/-$0.206 (+/-3.20%) up or down from last closing price. If Natuzzi S.p.A. takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.50 (1.09%) than the support at $6.25 (2.80%), 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 Natuzzi S.p.A. stock A Buy?
Natuzzi S.p.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.735 Hold/Accumulate Unchanged
Predicted Opening Price for Natuzzi S.p.A. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $6.25 ( 2.75%) | $6.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.78 | 5.50 % | |
| R2 | 6.58 | 2.35 % | ||
| R1 | 6.46 | 0.401 % | ||
| Current price: | 6.43 | |||
| Support | S1 | 6.05 | -5.90 % | |
| S2 | 5.93 | -7.84 % | ||
| S3 | 5.72 | -10.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 6.50 | 1.09 % | ||
| R1 | 6.50 | 1.09 % | ||
| Current price | 6.43 | |||
| Support | S1 | 6.25 | -2.80% | |
| S2 | 6.00 | -6.69% | ||
| S3 | 5.85 | -9.02% |
NTZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2005 | May 26, 2005 | Feb 21, 2019 | $0.440 | 7.42% |
| 2 | Apr 26, 2004 | May 26, 2004 | Jul 26, 2004 | $0.83 | 1.62% |
| 3 | May 02, 2003 | May 28, 2003 | Jul 14, 2003 | $1.84 | 4.60% |
| 4 | Apr 24, 2002 | May 29, 2002 | Jul 15, 2002 | $1.28 | 1.90% |
| 5 | Apr 30, 2001 | May 29, 2001 | Jul 17, 2001 | $0.225 | 0.335% |
FAQ
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