SAES Getters S.p.A. Stock Forecast

Red day on Friday for SAES Getters S.p.A. stock after losing 0.189%
(Updated on May 03, 2024)

SG.MI Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SAES Getters S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 31.44€ and 35.17€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 SAES Getters S.p.A. stock

SAES Getters S.p.A. finds support from accumulated volume at 26.30€ 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 0.150€ between high and low, or 0.570%. For the last week, the stock has had daily average volatility of 0.91%.

SAES Getters S.p.A. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (SG.MI) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect SAES Getters S.p.A. to open at 26.37€, and during the day (based on 14 day Average True Range), to move between 25.21€ and 27.49€, which gives a possible trading interval of +/-1.14€ (+/-4.34%) up or down from last closing price. If SAES Getters S.p.A. takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 26.40€ (0.19%) than the support at 26.30€ (0.19%), 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 SAES Getters S.p.A. stock A Buy?

SAES Getters S.p.A. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.885 Sell Candidate Unchanged

Predicted Opening Price for SAES Getters S.p.A. of Monday, May 6, 2024

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