TOD'S S.p.A. Stock Forecast

Red day on Friday for TOD'S S.p.A. stock after losing 0%
(Updated on Apr 26, 2024)

TOD.MI Signals & Forecast

A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -0.463%. 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 price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Some positive signals were issued as well, and these may have some influence on the near short-term development. The TOD'S S.p.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 43.01€. On a fall, the stock will find some support from the long-term average at approximately 42.98€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

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

TOD'S S.p.A. finds support from accumulated volume at 42.72€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0400€ between high and low, or 0.0930%. For the last week the stock has had daily average volatility of 0.149%.

Our recommended stop-loss: 40.74€ (-5.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (TOD.MI) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect TOD'S S.p.A. to open at 43.01€, and during the day (based on 14 day Average True Range), to move between 42.87€ and 43.13€, which gives a possible trading interval of +/-0.127€ (+/-0.29%) up or down from last closing price. If TOD'S S.p.A. takes out the full calculated possible swing range there will be an estimated 0.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 43.02€ (0.05%) than the support at 42.72€ (0.65%), 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 TOD'S 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.

Current score: 1.935 Buy Candidate Unchanged

Predicted Opening Price for TOD'S S.p.A. of Monday, April 29, 2024

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