Seri Industrial S.p.A. Stock Forecast
Big movements in Seri Industrial S.p.A. stock price on Friday moving 12.18% between high and low
(Updated on Apr 26, 2024)
The Seri Industrial S.p.A. stock price gained 9.34% on the last trading day (Friday, 26th Apr 2024), rising from 3.96€ to 4.33€. It has now gained 4 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 12.18% from a day low at 3.94€ to a day high of 4.42€. The price has risen in 6 of the last 10 days and is up by 32.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 371 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 4.71€ million.
Given the current short-term trend, the stock is expected to rise 22.91% during the next 3 months and, with a 90% probability hold a price between 3.20€ and 5.32€ at the end of this 3-month period.
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SERI.MI Signals & Forecast
The Seri Industrial 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 3.70€ and 3.05€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 90.33%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Seri Industrial S.p.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 3.49€ and 3.48€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Seri Industrial S.p.A. finds support just below today's level at 3.49€. If this is broken, then the next support from accumulated volume will be at 3.48€ and 3.47€.
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 0.480€ between high and low, or 12.18%. For the last week, the stock has had daily average volatility of 7.19%.
Our recommended stop-loss: 4.18€ (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (SERI.MI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Seri Industrial S.p.A. to open at 4.23€, and during the day (based on 14 day Average True Range), to move between 4.10€ and 4.56€, which gives a possible trading interval of +/-0.230€ (+/-5.32%) up or down from last closing price. If Seri Industrial S.p.A. takes out the full calculated possible swing range there will be an estimated 10.63% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 3.49€, some 0.84€ (19.40%) from the current price of 4.33€, our system finds the risk reward attractive.
Is Seri Industrial S.p.A. stock A Buy?
Seri Industrial S.p.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.500 Strong Buy Candidate Unchanged
Predicted Opening Price for Seri Industrial S.p.A. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
4.23€ ( 2.31%) | 4.33€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SERI.MI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.71 | 8.78 % | |
R2 | 4.53 | 4.54 % | ||
R1 | 4.41 | 1.93 % | ||
Current price: | 4.33 | |||
Support | S1 | 4.05 | -6.54 % | |
S2 | 3.93 | -9.16 % | ||
S3 | 3.75 | -13.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 4.33 | |||
Support | S1 | 3.49 | -19.40% | |
S2 | 3.48 | -19.63% | ||
S3 | 3.47 | -19.86% |
FAQ
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