Servizi Italia S.p.A. Stock Forecast
Servizi Italia S.p.A. stock upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Servizi Italia S.p.A. stock price gained 1.63% on the last trading day (Monday, 17th Jun 2024), rising from 1.84€ to 1.87€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.08% from a day low at 1.85€ to a day high of 1.87€. The price has fallen in 5 of the last 10 days and is down by -1.58% for this period. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately 4.46€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 1.83€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.75% during the next 3 months and, with a 90% probability hold a price between 2.03€ and 2.21€ at the end of this 3-month period.
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SRI.MI Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -3.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 1.83€ and 1.86€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Servizi Italia S.p.A. stock
Servizi Italia S.p.A. finds support from accumulated volume at 1.84€ 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 0.0200€ between high and low, or 1.08%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: 1.76€ (-5.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (SRI.MI) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Servizi Italia S.p.A. to open at 1.86€, and during the day (based on 14 day Average True Range), to move between 1.83€ and 1.90€, which gives a possible trading interval of +/-0.0309€ (+/-1.66%) 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 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.89€ (1.34%) than the support at 1.84€ (1.61%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.844 Buy Candidate Upgraded
Predicted Opening Price for Servizi Italia S.p.A. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
1.86€ ( 0.357%) | 1.87€ |
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 | |
---|---|---|
R3 | 1.88 | 0.715% |
R2 | 1.87 | 0.305% |
R1 | 1.87 | 0.0522% |
Price | 1.87 | |
S1 | 1.85 | -0.767% |
S2 | 1.85 | -1.02% |
S3 | 1.84 | -1.43% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.94 | 4.02% |
R2 | 1.90 | 1.88% |
R1 | 1.89 | 1.34% |
Price | 1.87 | |
S1 | 1.84 | -1.61% |
S2 | 1.83 | -1.88% |
S3 | 1.74 | -6.70% |
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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