RCS MediaGroup S.p.A. Stock Forecast
Weaker technical forecast for RCS MediaGroup S.p.A. as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The RCS MediaGroup S.p.A. stock price fell by -1.06% on the last day (Tuesday, 25th Jun 2024) from 0.758€ to 0.750€. During the last trading day the stock fluctuated 1.88% from a day low at 0.746€ to a day high of 0.760€. The price has fallen in 6 of the last 10 days and is down by -3.35% for this period. Volume has increased on the last day by 608 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, 734 thousand shares were bought and sold for approximately 550.59€ thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 0.740€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.16% during the next 3 months and, with a 90% probability hold a price between 0.709€ and 0.85€ at the end of this 3-month period.
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RCS.MI Signals & Forecast
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 RCS MediaGroup 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 0.761€ and 0.80€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -16.67%. Further fall is indicated until a new bottom pivot has been found. RCS MediaGroup 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 stock had a Golden Star Signal on Tuesday, December 05, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, December 05, 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 RCS MediaGroup S.p.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0140€ between high and low, or 1.88%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RCS.MI) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect RCS MediaGroup S.p.A. to open at 0.752€, and during the day (based on 14 day Average True Range), to move between 0.735€ and 0.765€, which gives a possible trading interval of +/-0.0155€ (+/-2.06%) up or down from last closing price. If RCS MediaGroup S.p.A. takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 0.81€, some 0.0560€ (7.47%) from the current price of 0.750€, our system finds the risk reward not very attractive.
Is RCS MediaGroup S.p.A. stock A Buy?
RCS MediaGroup 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: -3.776 Sell Candidate Downgraded
Predicted Opening Price for RCS MediaGroup S.p.A. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
0.752€ ( 0.267%) | 0.750€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RCS.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.766 | 2.13% |
R2 | 0.761 | 1.42% |
R1 | 0.757 | 0.98% |
Price | 0.750 | |
S1 | 0.747 | -0.446% |
S2 | 0.743 | -0.89% |
S3 | 0.738 | -1.60% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.88 | 17.33% |
R2 | 0.82 | 9.07% |
R1 | 0.81 | 7.47% |
Price | 0.750 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
RCS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.0700€ | 8.68% |
2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.0600€ | 8.17% |
3 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 0.0600€ | 8.24% |
4 | May 17, 2021 | May 17, 2021 | May 17, 2021 | 0.0300€ | 4.02% |
5 | May 18, 2020 | May 18, 2020 | May 18, 2020 | 0.0300€ | 4.91% |
FAQ
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