Rai Way S.p.A. Stock Forecast
Green day on Friday for Rai Way S.p.A.
(Updated on May 17, 2024)
The Rai Way S.p.A. stock price gained 0.192% on the last trading day (Friday, 17th May 2024), rising from 5.21€ to 5.22€. During the last trading day the stock fluctuated 1.94% from a day low at 5.15€ to a day high of 5.25€. The price has fallen in 6 of the last 10 days and is down by -2.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 250 thousand more shares were traded than the day before. In total, 627 thousand shares were bought and sold for approximately 3.27€ million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 5.18€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.42% during the next 3 months and, with a 90% probability hold a price between 5.88€ and 6.20€ at the end of this 3-month period.
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RWAY.MI Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rai Way S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 5.32€ and 5.23€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -3.33%. 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). 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.1000€ between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RWAY.MI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Rai Way S.p.A. to open at 5.21€, and during the day (based on 14 day Average True Range), to move between 5.13€ and 5.31€, which gives a possible trading interval of +/-0.0924€ (+/-1.77%) 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 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.18€ (0.77%) than the resistance at 5.27€ (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rai Way S.p.A. stock A Buy?
The Rai Way S.p.A. stock holds several negative signals and despite the positive trend, we believe Rai Way S.p.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.446 Sell Candidate Unchanged
Predicted Opening Price for Rai Way S.p.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 5.21€ ( 0.255%) | 5.22€ |
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 | 5.31 | 1.66 % | |
| R2 | 5.27 | 0.93 % | ||
| R1 | 5.24 | 0.476 % | ||
| Current price: | 5.22 | |||
| Support | S1 | 5.17 | -0.99 % | |
| S2 | 5.14 | -1.44 % | ||
| S3 | 5.11 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.38 | 3.07 % | |
| R2 | 5.35 | 2.49 % | ||
| R1 | 5.27 | 0.96 % | ||
| Current price | 5.22 | |||
| Support | S1 | 5.18 | -0.766% | |
| S2 | 5.15 | -1.34% | ||
| S3 | 4.80 | -8.05% |
RWAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.322€ | 6.17% |
| 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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