TOD'S S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for TOD'S S.p.A. stock after losing 0.606%
(Updated on May 07, 2024)
The TOD'S S.p.A. stock price fell by -0.606% on the last day (Tuesday, 7th May 2024) from 42.92€ to 42.66€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.89% from a day low at 42.66€ to a day high of 43.04€. The price has fallen in 5 of the last 10 days and is down by -0.97% 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 -58 thousand shares and in total, 59 thousand shares were bought and sold for approximately 2.52€ million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.77% during the next 3 months and, with a 90% probability hold a price between 38.55€ and 45.39€ at the end of this 3-month period.
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TOD.MI Signals & Forecast
There are few to no technical positive signals at the moment. The TOD'S 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 42.95€ and 42.97€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -1.25%. 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 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 TOD'S S.p.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 36.36€ and 36.32€. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at 36.32€ may give a huge drop in the stock price.
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 0.380€ between high and low, or 0.89%. For the last week the stock has had daily average volatility of 0.346%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOD.MI) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect TOD'S S.p.A. to open at 42.79€, and during the day (based on 14 day Average True Range), to move between 42.52€ and 42.80€, which gives a possible trading interval of +/-0.136€ (+/-0.32%) 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 0.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 43.00€ (0.80%) than the support at 36.36€ (14.77%), 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?
The TOD'S S.p.A. stock holds several negative signals and despite the positive trend, we believe TOD'S S.p.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.113 Sell Candidate Unchanged
Predicted Opening Price for TOD'S S.p.A. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 42.79€ ( 0.297%) | 42.66€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOD.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.17 | 1.19 % | |
| R2 | 43.02 | 0.85 % | ||
| R1 | 42.93 | 0.637 % | ||
| Current price: | 42.66 | |||
| Support | S1 | 42.64 | -0.0434 % | |
| S2 | 42.55 | -0.254 % | ||
| S3 | 42.41 | -0.594 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.10 | 1.03 % | |
| R2 | 43.04 | 0.89 % | ||
| R1 | 43.00 | 0.797 % | ||
| Current price | 42.66 | |||
| Support | S1 | 36.36 | -14.77% | |
| S2 | 36.32 | -14.86% | ||
| S3 | 0 | . |
TOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2019 | May 20, 2019 | May 20, 2019 | 1.00€ | 2.35% |
| 2 | May 21, 2018 | May 21, 2018 | May 21, 2018 | 1.40€ | 2.45% |
| 3 | May 22, 2017 | May 22, 2017 | May 22, 2017 | 1.70€ | 2.70% |
| 4 | May 23, 2016 | May 23, 2016 | May 23, 2016 | 2.00€ | 3.72% |
| 5 | May 18, 2015 | May 18, 2015 | May 18, 2015 | 2.00€ | 2.42% |
FAQ
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