Tessellis S.p.a. Stock Forecast

Stronger technical forecast for Tessellis S.p.a. stock price after Friday trading.
(Updated on Jun 28, 2024)

TSL.MI Signals & Forecast

The Tessellis 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 0.649€ and 0.653€. 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). Tessellis S.p.a. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.36%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Tessellis S.p.a. stock

Tessellis S.p.a. finds support from accumulated volume at 0.619€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.0260€ between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 4.96%.

Our recommended stop-loss: 0.615€ (-4.86%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (TSL.MI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tessellis S.p.a. to open at 0.653€, and during the day (based on 14 day Average True Range), to move between 0.602€ and 0.690€, which gives a possible trading interval of +/-0.0441€ (+/-6.82%) up or down from last closing price. If Tessellis S.p.a. takes out the full calculated possible swing range there will be an estimated 13.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.667€ (3.25%) than the support at 0.619€ (4.18%), 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 Tessellis S.p.a. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.888 Buy Candidate Upgraded

Predicted Opening Price for Tessellis S.p.a. of Monday, July 1, 2024

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