Recordati Industria Chimica e 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:
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
Recordati Industria Chimica e stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Recordati Industria Chimica e stock price gained 1.10% on the last trading day (Friday, 3rd May 2024), rising from 50.20€ to 50.75€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.99% from a day low at 50.15€ to a day high of 51.15€. The price has risen in 8 of the last 10 days and is up by 2.03% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 257 thousand shares were bought and sold for approximately 13.05€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.24% during the next 3 months and, with a 90% probability hold a price between 46.59€ and 50.70€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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REC.MI Signals & Forecast
Mostly positive signals in the chart today. The Recordati Industria Chimica e stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 49.76€ and 50.58€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.00%. 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). 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. The stock had a Golden Star Signal on Tuesday, April 30, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 30, 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.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 and based on theory for this formation the price should go up by 0.240% to 50.87€ within 14 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Recordati Industria Chimica e stock
Recordati Industria Chimica e finds support from accumulated volume at 49.98€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.00€ between high and low, or 1.99%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: 48.63€ (-4.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (REC.MI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Recordati Industria Chimica e Farmaceutica S.p.A. to open at 50.68€, and during the day (based on 14 day Average True Range), to move between 49.66€ and 51.84€, which gives a possible trading interval of +/-1.09€ (+/-2.15%) up or down from last closing price. If Recordati Industria Chimica e Farmaceutica S.p.A. takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 51.10€ (0.69%) than the support at 49.98€ (1.52%), 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.
Earnings coming up
Recordati Industria Chimica e Farmaceutica S.p.A. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.660. We will update the financials statements for Recordati Industria Chimica e Farmaceutica S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.81% in the first trading day after earnings release.
Is Recordati Industria Chimica e Farmaceutica S.p.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.307 Buy Candidate Upgraded
Predicted Opening Price for Recordati Industria Chimica e Farmaceutica S.p.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 50.68€ ( 0.131%) | 50.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REC.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.68 | 1.84 % | |
| R2 | 51.30 | 1.09 % | ||
| R1 | 51.07 | 0.621 % | ||
| Current price: | 50.75 | |||
| Support | S1 | 50.30 | -0.88 % | |
| S2 | 50.07 | -1.35 % | ||
| S3 | 49.68 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.84 | 4.12 % | |
| R2 | 51.76 | 1.99 % | ||
| R1 | 51.10 | 0.690 % | ||
| Current price | 50.75 | |||
| Support | S1 | 49.98 | -1.52% | |
| S2 | 49.10 | -3.25% | ||
| S3 | 48.80 | -3.84% |
REC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.630€ | 1.23% |
| 2 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | 0.570€ | 1.28% |
| 3 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.600€ | 1.36% |
| 4 | Nov 21, 2022 | Nov 21, 2022 | Nov 21, 2022 | 0.550€ | 1.41% |
| 5 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.570€ | 1.35% |
FAQ
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