Pininfarina S.p.A. Stock Forecast
Pininfarina S.p.A. stock downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)
The Pininfarina S.p.A. stock price fell by -2.60% on the last day (Thursday, 20th Jun 2024) from 0.770€ to 0.750€. During the last trading day the stock fluctuated 2.67% from a day low at 0.750€ to a day high of 0.770€. The price has fallen in 5 of the last 10 days and is down by -3.35% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 thousand shares were bought and sold for approximately 6.65€ thousand.
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 0.732€ 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 2.04% during the next 3 months and, with a 90% probability hold a price between 0.747€ and 0.85€ at the end of this 3-month period.
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PINF.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 3.02%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pininfarina 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 0.762€ and 0.782€. A break-up above any of these levels will issue buy signals. Pininfarina S.p.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pininfarina S.p.A. stock
Pininfarina S.p.A. finds support from accumulated volume at 0.730€ 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 0.0200€ (2.67%) between high and low. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: 0.717€ (-4.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (PINF.MI) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Pininfarina S.p.A. to open at 0.757€, and during the day (based on 14 day Average True Range), to move between 0.724€ and 0.776€, which gives a possible trading interval of +/-0.0263€ (+/-3.51%) up or down from last closing price. If Pininfarina S.p.A. takes out the full calculated possible swing range there will be an estimated 7.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.760€ (1.33%) than the support at 0.730€ (2.67%), 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 Pininfarina S.p.A. stock A Buy?
Pininfarina S.p.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.469 Hold/Accumulate Downgraded
Predicted Opening Price for Pininfarina S.p.A. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| 0.757€ ( 0.89%) | 0.750€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PINF.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.777 | 3.56% |
| R2 | 0.769 | 2.54% |
| R1 | 0.764 | 1.91% |
| Price | 0.750 | |
| S1 | 0.749 | -0.130% |
| S2 | 0.744 | -0.759% |
| S3 | 0.737 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.788 | 5.07% |
| R2 | 0.786 | 4.80% |
| R1 | 0.760 | 1.33% |
| Price | 0.750 | |
| S1 | 0.730 | -2.67% |
| S2 | 0.728 | -2.93% |
| S3 | 0.720 | -4.00% |
PINF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2005 | May 23, 2005 | May 23, 2005 | 0.239€ | 1.46% |
| 2 | May 24, 2004 | May 24, 2004 | May 24, 2004 | 0.239€ | 1.48% |
| 3 | May 26, 2003 | May 26, 2003 | May 26, 2003 | 0.239€ | 1.61% |
| 4 | Jun 03, 2002 | Jun 03, 2002 | Jun 03, 2002 | 0.239€ | 1.61% |
| 5 | Jun 04, 2001 | Jun 04, 2001 | Jun 04, 2001 | 456.56€ | 2,092.65% |
FAQ
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