Sciuker Frames S.p.A. Stock Forecast

Red day on Friday for Sciuker Frames S.p.A.
(Updated on May 17, 2024)

SCK.MI Signals & Forecast

The Sciuker Frames S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 3.96€. On a fall, the stock will find some support from the long-term average at approximately 3.37€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -5.91%. Further fall is indicated until a new bottom pivot has been found. Sciuker Frames 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".

Support, Risk & Stop-loss for Sciuker Frames S.p.A. stock

Sciuker Frames S.p.A. finds support from accumulated volume at 3.73€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.270€ between high and low, or 7.26%. For the last week, the stock has had daily average volatility of 5.14%.

Our recommended stop-loss: 3.66€ (-4.12%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (SCK.MI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Sciuker Frames S.p.A. to open at 3.84€, and during the day (based on 14 day Average True Range), to move between 3.63€ and 4.01€, which gives a possible trading interval of +/-0.193€ (+/-5.06%) up or down from last closing price. If Sciuker Frames S.p.A. takes out the full calculated possible swing range there will be an estimated 10.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 3.85€ (0.79%) than the support at 3.73€ (2.36%), 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.

Is Sciuker Frames 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 Sciuker Frames S.p.A. stock to perform well in the short-term.

Current score: 1.422 Buy Candidate Unchanged

Predicted Opening Price for Sciuker Frames S.p.A. of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.