SeSa S.p.A. Stock Forecast
SeSa S.p.A. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The SeSa S.p.A. stock price fell by -1.32% on the last day (Friday, 17th May 2024) from 106.00€ to 104.60€. During the last trading day the stock fluctuated 1.73% from a day low at 104.20€ to a day high of 106.00€. The price has risen in 6 of the last 10 days and is up by 5.66% over the past 2 weeks. Volume has increased on the last day by 551 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately 821.53€ thousand.
The stock lies the upper part of a wide and falling 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 105.70€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.77% during the next 3 months and, with a 90% probability hold a price between 78.58€ and 90.09€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SES.MI Signals & Forecast
The SeSa 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 103.61€ and 100.33€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 8.17%. Further rise is indicated until a new top pivot has been found. 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. SeSa 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 SeSa S.p.A. stock
SeSa S.p.A. finds support from accumulated volume at 102.40€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.80€ between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: 100.71€ (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SES.MI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SeSa S.p.A. to open at 104.93€, and during the day (based on 14 day Average True Range), to move between 102.43€ and 106.77€, which gives a possible trading interval of +/-2.17€ (+/-2.07%) up or down from last closing price. If SeSa S.p.A. takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 105.00€ (0.38%) than the support at 102.40€ (2.10%), 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 SeSa S.p.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.867 Buy Candidate Upgraded
Predicted Opening Price for SeSa S.p.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 104.93€ ( 0.319%) | 104.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SES.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.73 | 2.04 % | |
| R2 | 106.05 | 1.38 % | ||
| R1 | 105.62 | 0.98 % | ||
| Current price: | 104.60 | |||
| Support | S1 | 104.25 | -0.339 % | |
| S2 | 103.82 | -0.745 % | ||
| S3 | 103.13 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.80 | 12.62 % | |
| R2 | 113.20 | 8.22 % | ||
| R1 | 105.00 | 0.382 % | ||
| Current price | 104.60 | |||
| Support | S1 | 102.40 | -2.10% | |
| S2 | 101.50 | -2.96% | ||
| S3 | 99.00 | -5.35% |
SES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | 1.00€ | 0.99% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | 0.90€ | 0.82% |
| 3 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | 0.85€ | 0.505% |
| 4 | Sep 23, 2019 | Sep 23, 2019 | Sep 23, 2019 | 0.630€ | 1.58% |
| 5 | Sep 24, 2018 | Sep 24, 2018 | Sep 24, 2018 | 0.600€ | 2.16% |
FAQ
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