Rai Way S.p.A. 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
Weaker technical forecast for Rai Way S.p.A. as stock downgraded to Sell Candidate.
(Updated on May 21, 2024)
The Rai Way S.p.A. stock price gained 0.103% on the last trading day (Tuesday, 21st May 2024), rising from 4.88€ to 4.88€. During the last trading day the stock fluctuated 2.29% from a day low at 4.80€ to a day high of 4.91€. The price has fallen in 7 of the last 10 days and is down by -9.29% for this period. Volume fell on the last day by -49 thousand shares and in total, 586 thousand shares were bought and sold for approximately 2.86€ 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 has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 4.88€. A reaction back to this level may hold a second chance to get out before further falls.
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RWAY.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 0.103%. Further rise is indicated until a new top pivot has been found. 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. 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. 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 5.17€ and 5.21€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Rai Way S.p.A. stock
Rai Way S.p.A. finds support from accumulated volume at 4.87€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.110€ (2.29%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Rai Way S.p.A. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Rai Way S.p.A. to open at 4.86€, and during the day (based on 14 day Average True Range), to move between 4.77€ and 4.99€, which gives a possible trading interval of +/-0.111€ (+/-2.27%) 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 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.87€ (0.31%) than the resistance at 5.15€ (5.53%), 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. 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: -1.697 Sell Candidate Downgraded
Predicted Opening Price for Rai Way S.p.A. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| 4.86€ ( 0.342%) | 4.88€ |
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 | 4.97 | 1.91 % | |
| R2 | 4.93 | 1.05 % | ||
| R1 | 4.91 | 0.520 % | ||
| Current price: | 4.88 | |||
| Support | S1 | 4.82 | -1.20 % | |
| S2 | 4.80 | -1.73 % | ||
| S3 | 4.75 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.38 | 10.25 % | |
| R2 | 5.18 | 6.15 % | ||
| R1 | 5.15 | 5.53 % | ||
| Current price | 4.88 | |||
| Support | S1 | 4.87 | -0.307% | |
| S2 | 4.83 | -1.02% | ||
| S3 | 4.80 | -1.64% |
RWAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.322€ | 6.63% |
| 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€ | 4.56% |
| 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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