Safilo Group S.p.A. Stock Forecast
Safilo Group S.p.A. stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The Safilo Group S.p.A. stock price gained 0.515% on the last trading day (Friday, 31st May 2024), rising from 1.16€ to 1.17€. During the last trading day the stock fluctuated 2.80% from a day low at 1.14€ to a day high of 1.18€. The price has fallen in 7 of the last 10 days and is down by -4.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 555 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 1.26€ million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.29% during the next 3 months and, with a 90% probability hold a price between 1.11€ and 1.27€ at the end of this 3-month period.
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SFL.MI Signals & Forecast
The Safilo Group 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 1.17€. On a fall, the stock will find some support from the long-term average at approximately 1.16€. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found. Safilo Group S.p.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Safilo Group S.p.A. stock
Safilo Group S.p.A. finds support from accumulated volume at 1.16€ 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 0.0320€ (2.80%) between high and low. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: 1.11€ (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (SFL.MI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Safilo Group S.p.A. to open at 1.16€, and during the day (based on 14 day Average True Range), to move between 1.13€ and 1.21€, which gives a possible trading interval of +/-0.0363€ (+/-3.10%) up or down from last closing price. If Safilo Group S.p.A. takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.17€ (0.17%) than the support at 1.16€ (0.68%), 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 Safilo Group 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 Safilo Group S.p.A. 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: 3.133 Buy Candidate Upgraded
Predicted Opening Price for Safilo Group S.p.A. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
1.16€ ( 0.570%) | 1.17€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SFL.MI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.20 | 2.17 % | |
R2 | 1.18 | 1.12 % | ||
R1 | 1.18 | 0.475 % | ||
Current price: | 1.17 | |||
Support | S1 | 1.15 | -1.61 % | |
S2 | 1.14 | -2.26 % | ||
S3 | 1.13 | -3.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.24 | 5.64 % | |
R2 | 1.18 | 1.03 % | ||
R1 | 1.17 | 0.171 % | ||
Current price | 1.17 | |||
Support | S1 | 1.16 | -0.684% | |
S2 | 1.16 | -0.94% | ||
S3 | 1.15 | -1.88% |
SFL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 12, 2008 | May 12, 2008 | May 12, 2008 | 0.645€ | 4.41% |
2 | May 21, 2007 | May 21, 2007 | May 21, 2007 | 0.152€ | 0.370% |
FAQ
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