Servizi Italia S.p.A. Stock Forecast
Red day on Friday for Servizi Italia S.p.A.
(Updated on May 24, 2024)
No changes to the price of Servizi Italia S.p.A. stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 0% from a day low at 1.93€ to a day high of 1.93€. The price has risen in 5 of the last 10 days and is up by 5.18% over the past 2 weeks.
The stock lies in the upper part of a wide and weak rising 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 1.94€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.69% during the next 3 months and, with a 90% probability hold a price between 1.90€ and 2.09€ at the end of this 3-month period.
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SRI.MI Signals & Forecast
The Servizi Italia 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 1.90€ and 1.82€. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 22, 2024, and so far it has fallen -0.515%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Servizi Italia S.p.A. stock
Servizi Italia S.p.A. finds support from accumulated volume at 1.89€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: 1.86€ (-3.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (SRI.MI) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Servizi Italia S.p.A. to open at 1.93€, and during the day (based on 14 day Average True Range), to move between 1.89€ and 1.97€, which gives a possible trading interval of +/-0.0365€ (+/-1.89%) up or down from last closing price. If Servizi Italia S.p.A. takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.94€ (0.52%) than the support at 1.89€ (2.07%), 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 Servizi Italia 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 Servizi Italia S.p.A. stock to perform well in the short-term.
Current score: 2.835 Buy Candidate Unchanged
Predicted Opening Price for Servizi Italia S.p.A. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 1.93€ ( 0%) | 1.93€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRI.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.93 | . | |
| R2 | 1.93 | . | ||
| R1 | 1.93 | . | ||
| Current price: | 1.93 | |||
| Support | S1 | 1.93 | . | |
| S2 | 1.93 | . | ||
| S3 | 1.93 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1.94 | 0.518 % | ||
| Current price | 1.93 | |||
| Support | S1 | 1.89 | -2.07% | |
| S2 | 1.71 | -11.66% | ||
| S3 | 1.70 | -11.92% |
SRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 02, 2024 | 0.0300€ | 1.67% |
| 2 | May 11, 2020 | May 11, 2020 | May 11, 2020 | 0.140€ | 4.96% |
| 3 | Jun 10, 2019 | Jun 10, 2019 | Jun 10, 2019 | 0.160€ | 4.71% |
| 4 | Apr 30, 2018 | Apr 30, 2018 | Apr 30, 2018 | 0.170€ | 3.14% |
| 5 | Apr 23, 2018 | Apr 23, 2018 | Apr 23, 2018 | 0.170€ | 3.20% |
FAQ
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