Rai Way S.p.A. Stock Forecast
Rai Way S.p.A. stock price ended at 5.35€ on Friday, after gaining 0.187%.
(Updated on May 03, 2024)
The Rai Way S.p.A. stock price gained 0.187% on the last trading day (Friday, 3rd May 2024), rising from 5.34€ to 5.35€. During the last trading day the stock fluctuated 0.748% from a day low at 5.35€ to a day high of 5.39€. The price has risen in 5 of the last 10 days and is up by 2.49% over the past 2 weeks. Volume fell on the last day by -185 thousand shares and in total, 135 thousand shares were bought and sold for approximately 724.33€ thousand. 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 5.40€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.00% during the next 3 months and, with a 90% probability hold a price between 5.51€ and 5.94€ at the end of this 3-month period.
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RWAY.MI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.558%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Rai Way S.p.A. 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 5.31€ and 5.09€. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, December 19, 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 19, 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 Rai Way S.p.A. stock
Rai Way S.p.A. finds support from accumulated volume at 5.18€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.0400€ between high and low, or 0.748%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: 5.17€ (-3.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (RWAY.MI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Rai Way S.p.A. to open at 5.36€, and during the day (based on 14 day Average True Range), to move between 5.26€ and 5.44€, which gives a possible trading interval of +/-0.0898€ (+/-1.68%) up or down from last closing price. If Rai Way S.p.A. takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.38€ (0.56%) than the support at 5.18€ (3.18%), 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
Rai Way S.p.A. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Rai Way S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.15% in the first trading day after earnings release.
Is Rai Way S.p.A. 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 Rai Way S.p.A. stock to perform well in the short-term.
Current score: 2.520 Buy Candidate Unchanged
Predicted Opening Price for Rai Way S.p.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 5.36€ ( 0.249%) | 5.35€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RWAY.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.40 | 1.00 % | |
| R2 | 5.39 | 0.711 % | ||
| R1 | 5.38 | 0.535 % | ||
| Current price: | 5.35 | |||
| Support | S1 | 5.35 | -0.0364 % | |
| S2 | 5.34 | -0.213 % | ||
| S3 | 5.32 | -0.498 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 5.38 | 0.561 % | ||
| Current price | 5.35 | |||
| Support | S1 | 5.18 | -3.18% | |
| S2 | 5.15 | -3.74% | ||
| S3 | 4.80 | -10.28% |
RWAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.322€ | 6.00% |
| 2 | May 29, 2023 | May 29, 2023 | May 29, 2023 | 0.275€ | 5.19% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.244€ | 4.57% |
| 4 | May 24, 2021 | May 24, 2021 | May 24, 2021 | 0.239€ | 4.86% |
| 5 | Jul 27, 2020 | Jul 27, 2020 | Jul 27, 2020 | 0.233€ | 4.14% |
FAQ
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