Trigano S.A. Stock Forecast

Evaluation of Trigano S.A. stock downgraded after the last trading session.
(Updated on Apr 25, 2024)

TRI.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has fallen 0%. 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 Trigano S.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 146.79€ and 149.97€. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Trigano S.A. stock

Trigano S.A. finds support from accumulated volume at 142.70€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 3.00€ between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 2.79%.

Trigano S.A. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 134.91€ (-5.66%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (TRI.PA) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Trigano S.A. to open at 143.40€, and during the day (based on 14 day Average True Range), to move between 139.63€ and 146.37€, which gives a possible trading interval of +/-3.37€ (+/-2.35%) up or down from last closing price. If Trigano S.A. takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 142.70€ (0.21%) than the resistance at 144.50€ (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Trigano S.A. stock A Buy?

Trigano S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.314 Hold/Accumulate Downgraded

Predicted Opening Price for Trigano S.A. of Friday, April 26, 2024

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