Banca Profilo S.p.A. Stock Forecast

Banca Profilo S.p.A. stock upgraded to Hold/Accumulate.
(Updated on May 20, 2024)

PRO.MI Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 0.98%. 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 Banca Profilo 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 0.208€ and 0.218€. 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, February 23, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Banca Profilo S.p.A. stock

Banca Profilo S.p.A. finds support from accumulated volume at 0.206€ 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 0.0030€ between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: 0.194€ (-6.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (PRO.MI) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Banca Profilo S.p.A. to open at 0.207€, and during the day (based on 14 day Average True Range), to move between 0.202€ and 0.212€, which gives a possible trading interval of +/-0.0045€ (+/-2.19%) up or down from last closing price. If Banca Profilo S.p.A. takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.208€ (0.48%) than the support at 0.206€ (0.48%), 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 Banca Profilo S.p.A. stock A Buy?

Banca Profilo 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.989 Hold/Accumulate Upgraded

Predicted Opening Price for Banca Profilo S.p.A. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.