Technoprobe S.p.a. Stock Forecast
Technoprobe S.p.a. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Technoprobe S.p.a. stock price fell by -1.45% on the last day (Thursday, 27th Jun 2024) from 9.33€ to 9.19€. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 4.50% from a day low at 9.00€ to a day high of 9.41€. The price has fallen in 7 of the last 10 days and is down by -3.06% for this period. Volume has increased on the last day by 109 thousand 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, 216 thousand shares were bought and sold for approximately 1.99€ million.
Given the current short-term trend, the stock is expected to rise 3.55% during the next 3 months and, with a 90% probability hold a price between 9.52€ and 10.29€ at the end of this 3-month period.
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TPRO.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Technoprobe S.p.a. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 9.40€ and 9.36€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -5.55%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Technoprobe S.p.a. stock
Technoprobe S.p.a. finds support from accumulated volume at 9.16€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.405€ (4.50%) between high and low. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TPRO.MI) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Technoprobe S.p.a. to open at 9.20€, and during the day (based on 14 day Average True Range), to move between 8.91€ and 9.47€, which gives a possible trading interval of +/-0.279€ (+/-3.03%) up or down from last closing price. If Technoprobe S.p.a. takes out the full calculated possible swing range there will be an estimated 6.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 9.16€ (0.38%) than the resistance at 9.30€ (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Technoprobe S.p.a. stock A Buy?
The Technoprobe S.p.a. stock holds several negative signals and despite the positive trend, we believe Technoprobe S.p.a. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.938 Sell Candidate Downgraded
Predicted Opening Price for Technoprobe S.p.a. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 9.20€ ( 0.0907%) | 9.19€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPRO.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.60 | 4.50% |
| R2 | 9.45 | 2.81% |
| R1 | 9.35 | 1.77% |
| Price | 9.19 | |
| S1 | 9.04 | -1.59% |
| S2 | 8.95 | -2.63% |
| S3 | 8.79 | -4.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.73 | 5.88% |
| R2 | 9.70 | 5.55% |
| R1 | 9.30 | 1.14% |
| Price | 9.19 | |
| S1 | 9.16 | -0.381% |
| S2 | 9.10 | -0.98% |
| S3 | 9.08 | -1.25% |
FAQ
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