Poste Italiane SpA Stock Forecast

Poste Italiane SpA stock price up 0.526% on Monday
(Updated on May 20, 2024)

PST.MI Signals & Forecast

The Poste Italiane SpA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 12.39€ and 11.90€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.96%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, December 01, 2023 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 Poste Italiane SpA stock

On the downside, the stock finds support just below today's level from accumulated volume at 11.72€ and 11.29€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Poste Italiane SpA finds support just below today's level at 11.72€. If this is broken, then the next support from accumulated volume will be at 11.29€ and 10.84€.

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 0.0850€ (0.687%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.

Our recommended stop-loss: 12.00€ (-3.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)

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

For the upcoming trading day on Tuesday, 21st we expect Poste Italiane SpA to open at 12.43€, and during the day (based on 14 day Average True Range), to move between 12.25€ and 12.61€, which gives a possible trading interval of +/-0.185€ (+/-1.49%) up or down from last closing price. If Poste Italiane SpA takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 12.55€ (0.97%) than the support at 11.72€ (5.71%), 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 Poste Italiane SpA stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Poste Italiane SpA stock to perform well in the short-term.

Current score: 2.125 Buy Candidate Unchanged

Predicted Opening Price for Poste Italiane SpA of Tuesday, May 21, 2024

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