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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TES.MI
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Red day on Friday for Tesmec S.p.A.
(Updated on Jun 14, 2024)

Sell candidate since Jun 13, 2024 Loss -2.25% PDF

The Tesmec S.p.A. stock price fell by -2.25% on the last day (Friday, 14th Jun 2024) from 0.0887€ to 0.0867€. During the last trading day the stock fluctuated 5.39% from a day low at 0.0854€ to a day high of 0.0900€. The price has fallen in 7 of the last 10 days and is down by -4.93% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately 192.80€ thousand.

Given the current short-term trend, the stock is expected to fall -2.39% during the next 3 months and, with a 90% probability hold a price between 0.0846€ and 0.0987€ at the end of this 3-month period.

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TES.MI Signals & Forecast

There are few to no technical positive signals at the moment. The Tesmec 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 0.0902€ and 0.0930€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -15.99%. 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). Tesmec S.p.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Tesmec S.p.A. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0046€ between high and low, or 5.39%. For the last week the stock has had daily average volatility of 3.40%.

Tesmec S.p.A. is oversold on RSI14 (21). 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 (TES.MI) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Tesmec S.p.A. to open at 0.0874€, and during the day (based on 14 day Average True Range), to move between 0.0838€ and 0.0896€, which gives a possible trading interval of +/-0.0029€ (+/-3.35%) up or down from last closing price. If Tesmec S.p.A. takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 0.0892€, some 0.0025€ (2.88%) from the current price of 0.0867€, our system finds the risk reward not very attractive.

Is Tesmec S.p.A. stock A Buy?

Tesmec S.p.A. holds several negative signals and is within a 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: -3.897 Sell Candidate Unchanged

Predicted Opening Price for Tesmec S.p.A. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
0.0874€ ( 0.769%) 0.0867€

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

Trading levels for TES.MI

Fibonacci Support & Resistance Levels

Level Price
R3 0.0920 6.07%
R2 0.0902 4.05%
R1 0.0891 2.80%
Price 0.0867
S1 0.0856 -1.26%
S2 0.0845 -2.51%
S3 0.0828 -4.54%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.103 19.03%
R2 0.0930 7.27%
R1 0.0892 2.88%
Price 0.0867
S1 0 -
S2 0 -
S3 0 -

TES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 23, 2016 May 23, 2016 May 23, 2016 0.0133€ 2.55%
2 May 25, 2015 May 25, 2015 May 25, 2015 0.0122€ 1.65%
3 May 26, 2014 May 26, 2014 May 26, 2014 0.0085€ 1.24%
4 May 20, 2013 May 20, 2013 May 20, 2013 0.0186€ 2.76%
5 May 21, 2012 May 21, 2012 May 21, 2012 0.0159€ 4.68%

FAQ

What is the symbol for Tesmec S.p.A. Stock and on which exchange is it traded?
The symbol for Tesmec S.p.A. is TES.MI and it is traded on the MIL (Milan Stock Exchange).

Should I buy or sell Tesmec S.p.A. Stock?
Tesmec S.p.A. holds several negative signals and is within a 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.

How to buy Tesmec S.p.A. Stock?
Tesmec S.p.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tesmec S.p.A. Stock.

What's the current price of Tesmec S.p.A. Stock?
As of the end of day on the Jun 14, 2024, the price of an Tesmec S.p.A. (TES.MI) share was 0.0867€.

What is the 52-week high and low for Tesmec S.p.A. Stock?
The 52-week high for Tesmec S.p.A. Stock is 0.145€ and the 52-week low is 0.0854€.

What is the market capitalization of Tesmec S.p.A. Stock?
As of the Jun 14, 2024, the market capitalization of Tesmec S.p.A. is 52.172M.

When is the next earnings date for Tesmec S.p.A.?
The upcoming earnings date for Tesmec S.p.A. is Aug 02, 2024.
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