Pharmanutra S.p.A. Stock Forecast
Pharmanutra S.p.A. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Pharmanutra S.p.A. stock price fell by -0.518% on the last day (Friday, 17th May 2024) from 48.25€ to 48.00€. During the last trading day the stock fluctuated 2.75% from a day low at 47.25€ to a day high of 48.55€. The price has been going up and down for this period, and there has been a -7.87% loss for the last 2 weeks. 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 -4 thousand shares and in total, 9 thousand shares were bought and sold for approximately 427.63€ thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.03% during the next 3 months and, with a 90% probability hold a price between 36.68€ and 40.99€ 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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PHN.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 3.23%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pharmanutra 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 49.20€ and 52.95€. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Pharmanutra S.p.A. stock
Pharmanutra S.p.A. finds support from accumulated volume at 47.55€ 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 1.30€ between high and low, or 2.75%. For the last week the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHN.MI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Pharmanutra S.p.A. to open at 47.93€, and during the day (based on 14 day Average True Range), to move between 46.48€ and 49.52€, which gives a possible trading interval of +/-1.52€ (+/-3.16%) up or down from last closing price. If Pharmanutra S.p.A. takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 47.55€ (0.94%) than the resistance at 51.90€ (8.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pharmanutra S.p.A. stock A Buy?
Pharmanutra S.p.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.833 Sell Candidate Downgraded
Predicted Opening Price for Pharmanutra S.p.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 47.93€ ( 0.139%) | 48.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHN.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.23 | 2.57 % | |
| R2 | 48.74 | 1.53 % | ||
| R1 | 48.43 | 0.90 % | ||
| Current price: | 48.00 | |||
| Support | S1 | 47.44 | -1.17 % | |
| S2 | 47.13 | -1.81 % | ||
| S3 | 46.63 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.40 | 19.58 % | |
| R2 | 53.40 | 11.25 % | ||
| R1 | 51.90 | 8.13 % | ||
| Current price | 48.00 | |||
| Support | S1 | 47.55 | -0.94% | |
| S2 | 46.50 | -3.13% | ||
| S3 | 0 | . |
PHN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 08, 2024 | 0.85€ | 1.67% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | 0.80€ | 1.56% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | 0.710€ | 1.10% |
| 4 | May 03, 2021 | May 03, 2021 | May 03, 2021 | 0.670€ | 1.81% |
| 5 | May 11, 2020 | May 11, 2020 | May 11, 2020 | 0.460€ | 1.84% |
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