Stevanato Group S.p.A. Stock Forecast
Stevanato Group S.p.A. stock price down 0.89% on Friday
(Updated on May 24, 2024)
The Stevanato Group S.p.A. stock price fell by -0.89% on the last day (Friday, 24th May 2024) from $20.15 to $19.97. During the last trading day the stock fluctuated 3.75% from a day low at $19.86 to a day high of $20.60. The price has fallen in 6 of the last 10 days and is down by -8.48% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -747 thousand shares and in total, 412 thousand shares were bought and sold for approximately $8.24 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.73 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.73% during the next 3 months and, with a 90% probability hold a price between $12.97 and $17.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STVN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 3.69%. 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 Stevanato Group 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 $20.08 and $25.43. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Stevanato Group S.p.A. stock
Stevanato Group S.p.A. finds support from accumulated volume at $19.39 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 $0.745 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 8.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STVN) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Stevanato Group S.p.A. to open at $20.14, and during the day (based on 14 day Average True Range), to move between $18.33 and $21.61, which gives a possible trading interval of +/-$1.64 (+/-8.23%) up or down from last closing price. If Stevanato Group S.p.A. takes out the full calculated possible swing range there will be an estimated 16.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.15 (0.90%) than the support at $19.39 (2.90%), 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 Stevanato Group S.p.A. stock A Buy?
Stevanato Group 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: -3.646 Sell Candidate Unchanged
Predicted Opening Price for Stevanato Group S.p.A. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $20.14 ( 0.86%) | $19.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STVN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.89 | 4.59 % | |
| R2 | 20.60 | 3.16 % | ||
| R1 | 20.43 | 2.28 % | ||
| Current price: | 19.97 | |||
| Support | S1 | 19.86 | -0.565 % | |
| S2 | 19.68 | -1.44 % | ||
| S3 | 19.40 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.82 | 9.26 % | |
| R2 | 21.10 | 5.66 % | ||
| R1 | 20.15 | 0.90 % | ||
| Current price | 19.97 | |||
| Support | S1 | 19.39 | -2.90% | |
| S2 | 19.26 | -3.56% | ||
| S3 | 0 | . |
STVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2023 | Jun 07, 2023 | Jul 17, 2023 | $0.0577 | 0.182% |
| 2 | Jun 08, 2022 | Jun 13, 2022 | Jul 13, 2022 | $0.0510 | 0.343% |
FAQ
Click here for our free guide on how to buy Stevanato Group S.p.A. Stock.
