SeSa S.p.A. Stock Forecast

Red day on Friday for SeSa S.p.A. stock after losing 1.21%
(Updated on May 31, 2024)

SES.MI Signals & Forecast

The SeSa 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 107.87€. On a fall, the stock will find some support from the long-term average at approximately 102.30€. 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 Monday, May 27, 2024, and so far it has fallen -3.01%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

SeSa S.p.A. finds support from accumulated volume at 105.00€ 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 2.90€ between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 2.29%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SES.MI) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect SeSa S.p.A. to open at 106.10€, and during the day (based on 14 day Average True Range), to move between 103.97€ and 108.43€, which gives a possible trading interval of +/-2.23€ (+/-2.10%) 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 4.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 105.00€ (1.13%) than the resistance at 107.60€ (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SeSa S.p.A. stock A Buy?

SeSa S.p.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.643 Sell Candidate Unchanged

Predicted Opening Price for SeSa S.p.A. of Monday, June 3, 2024

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