Prada S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Prada S.p.A. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Prada S.p.A. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $14.50 to a day high of $14.50. The price has been going up and down for this period, and there has been a -11.31% loss for the last 2 weeks.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $14.52. A reaction back to this level may hold a second chance to get out before further falls.
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PRDSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Prada 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 $14.95 and $16.03. 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).
Support, Risk & Stop-loss for Prada S.p.A. stock
Prada S.p.A. finds support from accumulated volume at $14.36 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: $13.63 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (PRDSY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Prada S.p.A. to open at $14.50, and during the day (based on 14 day Average True Range), to move between $14.30 and $14.70, which gives a possible trading interval of +/-$0.200 (+/-1.38%) up or down from last closing price. If Prada S.p.A. takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.36 (0.97%) than the resistance at $14.78 (1.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Prada S.p.A. stock A Buy?
Prada 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Prada S.p.A. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$14.50 ( 0%) | $14.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRDSY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 14.50 | - |
R2 | 14.50 | - |
R1 | 14.50 | - |
Price | 14.50 | |
S1 | 14.50 | - |
S2 | 14.50 | - |
S3 | 14.50 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.70 | 8.28% |
R2 | 15.10 | 4.14% |
R1 | 14.78 | 1.93% |
Price | 14.50 | |
S1 | 14.36 | -0.97% |
S2 | 0 | - |
S3 | 0 | - |
PRDSY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 02, 2024 | May 02, 2024 | $0.190 | 1.17% |
2 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | $0.190 | 1.17% |
3 | Aug 01, 2023 | May 03, 2023 | Jun 05, 2023 | $0.233 | 1.71% |
4 | May 04, 2022 | May 04, 2022 | Jun 13, 2022 | $0.152 | 1.37% |
5 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | $0.0850 | 0.625% |
FAQ
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