Telecom Italia S.p.A. Stock Forecast
On Monday, Telecom Italia S.p.A. stock price gained an impressive 7.14%
(Updated on Apr 15, 2024)
The Telecom Italia S.p.A. stock price gained 7.14% on the last trading day (Monday, 15th Apr 2024), rising from 0.216€ to 0.231€. During the last trading day the stock fluctuated 1.85% from a day low at 0.227€ to a day high of 0.231€. The price has risen in 5 of the last 10 days and is up by 2.44% over the past 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 2 thousand shares were bought and sold for approximately 462.00€ . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 0.244€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.72% during the next 3 months and, with a 90% probability hold a price between 0.117€ and 0.183€ 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.
TQI.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 23.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Telecom Italia S.p.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 0.235€. On a fall, the stock will find some support from the short-term average at 0.225€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Telecom Italia S.p.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 0.219€ and 0.214€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Telecom Italia S.p.A. finds support just below today's level at 0.219€. If this is broken, then the next support from accumulated volume will be at 0.214€ and 0.187€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0042€ between high and low, or 1.85%. For the last week the stock has had daily average volatility of 3.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TQI.DE) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Telecom Italia S.p.A. to open at 0.230€, and during the day (based on 14 day Average True Range), to move between 0.220€ and 0.242€, which gives a possible trading interval of +/-0.0112€ (+/-4.87%) up or down from last closing price. If Telecom Italia S.p.A. takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.235€ (1.73%) than the support at 0.219€ (5.19%), 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 Telecom Italia S.p.A. stock A Buy?
Telecom Italia S.p.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.466 Sell Candidate Unchanged
Predicted Opening Price for Telecom Italia S.p.A. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| 0.230€ ( 0.606%) | 0.231€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TQI.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.234 | 1.21 % | |
| R2 | 0.232 | 0.518 % | ||
| R1 | 0.231 | 0.0885 % | ||
| Current price: | 0.231 | |||
| Support | S1 | 0.228 | -1.30 % | |
| S2 | 0.227 | -1.73 % | ||
| S3 | 0.225 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.286 | 23.59 % | |
| R2 | 0.279 | 20.56 % | ||
| R1 | 0.235 | 1.73 % | ||
| Current price | 0.231 | |||
| Support | S1 | 0.219 | -5.19% | |
| S2 | 0.214 | -7.23% | ||
| S3 | 0.187 | -18.96% |
TQI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | 0.0100€ | 2.30% |
| 2 | Mar 12, 2020 | Jun 22, 2020 | Jun 24, 2020 | 0.0100€ | 2.74% |
| 3 | Mar 08, 2013 | Apr 22, 2013 | Apr 25, 2013 | 0.0200€ | 3.22% |
| 4 | Mar 30, 2012 | May 21, 2012 | May 24, 2012 | 0.0430€ | 6.06% |
| 5 | Feb 25, 2011 | Apr 18, 2011 | Apr 21, 2011 | 0.0580€ | 5.86% |
FAQ
Click here for our free guide on how to buy Telecom Italia S.p.A. Stock.
