Terna - Rete Elettrica Nazionale Stock Forecast
Evaluation of Terna - Rete Elettrica Nazionale stock downgraded after the last trading session.
(Updated on Jun 27, 2024)
The Terna - Rete Elettrica Nazionale stock price fell by -0.89% on the last day (Thursday, 27th Jun 2024) from 7.41€ to 7.34€. During the last trading day the stock fluctuated 1.62% from a day low at 7.31€ to a day high of 7.42€. The price has fallen in 7 of the last 10 days and is down by -3.52% for this period. Volume has increased on the last day by 442 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, 4 million shares were bought and sold for approximately 30.09€ million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 7.34€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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TRN.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Terna - Rete Elettrica Nazionale 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 7.48€ and 7.68€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -7.53%. 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 Terna - Rete Elettrica Nazionale stock
Terna - Rete Elettrica Nazionale finds support from accumulated volume at 7.27€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.118€ between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRN.MI) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Terna - Rete Elettrica Nazionale Società per Azioni to open at 7.36€, and during the day (based on 14 day Average True Range), to move between 7.21€ and 7.47€, which gives a possible trading interval of +/-0.127€ (+/-1.73%) up or down from last closing price. If Terna - Rete Elettrica Nazionale Società per Azioni takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 7.27€ (0.98%) than the resistance at 7.52€ (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Terna - Rete Elettrica Nazionale Società per Azioni stock A Buy?
Terna - Rete Elettrica Nazionale holds several negative signals and is within a 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. 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: -1.316 Sell Candidate Downgraded
Predicted Opening Price for Terna - Rete Elettrica Nazionale Società per Azioni of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 7.36€ ( 0.227%) | 7.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRN.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.47 | 1.83% |
| R2 | 7.43 | 1.22% |
| R1 | 7.40 | 0.84% |
| Price | 7.34 | |
| S1 | 7.31 | -0.387% |
| S2 | 7.28 | -0.766% |
| S3 | 7.24 | -1.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.72 | 5.20% |
| R2 | 7.61 | 3.62% |
| R1 | 7.52 | 2.51% |
| Price | 7.34 | |
| S1 | 7.27 | -0.98% |
| S2 | 7.27 | -1.01% |
| S3 | 7.26 | -1.09% |
TRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jun 26, 2024 | 0.208€ | 2.81% |
| 2 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | 0.115€ | 1.54% |
| 3 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | 0.208€ | 2.67% |
| 4 | Nov 21, 2022 | Nov 21, 2022 | Nov 21, 2022 | 0.106€ | 1.47% |
| 5 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | 0.193€ | 2.66% |
FAQ
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