Telecom Italia S.p.A. Stock Forecast
Telecom Italia S.p.A. stock price down 0% on Friday
(Updated on May 10, 2024)
No changes to the price of Telecom Italia S.p.A. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at 0.222€ to a day high of 0.222€. The price has been going up and down for this period, and there has been a -1.03% loss for the last 2 weeks.
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 0.232€ 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 -21.24% during the next 3 months and, with a 90% probability hold a price between 0.113€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TQI.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 18.59%. Further rise is indicated until a new top pivot has been found. 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 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 0.225€ and 0.225€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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
Telecom Italia S.p.A. finds support from accumulated volume at 0.219€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.514%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TQI.F) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Telecom Italia S.p.A. to open at 0.222€, and during the day (based on 14 day Average True Range), to move between 0.217€ and 0.227€, which gives a possible trading interval of +/-0.0055€ (+/-2.47%) 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 4.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.225€ (1.35%) than the support at 0.219€ (1.35%), 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.
Earnings coming up
Telecom Italia S.p.A. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Telecom Italia S.p.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 22.89% in the first trading day after earnings release.
Is Telecom Italia S.p.A. stock A Buy?
Telecom Italia S.p.A. holds several negative signals and is within a very 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: -1.725 Sell Candidate Unchanged
Predicted Opening Price for Telecom Italia S.p.A. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 0.222€ ( 0%) | 0.222€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TQI.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.222 | . | |
| R2 | 0.222 | . | ||
| R1 | 0.222 | . | ||
| Current price: | 0.222 | |||
| Support | S1 | 0.222 | . | |
| S2 | 0.222 | . | ||
| S3 | 0.222 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.228 | 2.70 % | |
| R2 | 0.228 | 2.66 % | ||
| R1 | 0.225 | 1.35 % | ||
| Current price | 0.222 | |||
| Support | S1 | 0.219 | -1.35% | |
| S2 | 0.214 | -3.47% | ||
| S3 | 0.187 | -15.68% |
TQI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | 0.0100€ | 0% |
| 2 | Mar 12, 2020 | Jun 22, 2020 | Jun 24, 2020 | 0.0100€ | 0% |
| 3 | Mar 08, 2013 | Apr 22, 2013 | Apr 25, 2013 | 0.0200€ | 0% |
| 4 | Mar 30, 2012 | May 21, 2012 | May 24, 2012 | 0.0430€ | 0% |
| 5 | Feb 25, 2011 | Apr 18, 2011 | Apr 21, 2011 | 0.0580€ | 0% |
FAQ
Click here for our free guide on how to buy Telecom Italia S.p.A. Stock.
