TXT e-solutions S.p.A. Stock Forecast
On Thursday, TXT e-solutions S.p.A. stock price gained an impressive 6.60%
(Updated on Jun 13, 2024)
The TXT e-solutions S.p.A. stock price gained 6.60% on the last trading day (Thursday, 13th Jun 2024), rising from 23.50€ to 25.05€. During the last trading day the stock fluctuated 9.85% from a day low at 22.85€ to a day high of 25.10€. The price has fallen in 6 of the last 10 days but is still up by 5.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 76 thousand shares were bought and sold for approximately 1.89€ million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 24.98€, a level that may pose a second chance to hit a runner. According to fan-theory 27.77€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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TXT.MI Signals & Forecast
The TXT e-solutions S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 23.55€ and 22.93€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 9.63%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TXT e-solutions S.p.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 23.45€ and 23.25€. 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, TXT e-solutions S.p.A. finds support just below today's level at 23.45€. If this is broken, then the next support from accumulated volume will be at 23.25€ and 22.80€.
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 2.25€ between high and low, or 9.85%. For the last week the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: 23.71€ (-5.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (TXT.MI) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect TXT e-solutions S.p.A. to open at 24.33€, and during the day (based on 14 day Average True Range), to move between 24.36€ and 25.74€, which gives a possible trading interval of +/-0.689€ (+/-2.75%) up or down from last closing price. If TXT e-solutions S.p.A. takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 23.45€, some 1.60€ (6.39%) from the current price of 25.05€, our system finds the risk reward attractive.
Is TXT e-solutions S.p.A. stock A Buy?
TXT e-solutions S.p.A. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.131 Strong Buy Candidate Upgraded
Predicted Opening Price for TXT e-solutions S.p.A. of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| 24.33€ ( 2.86%) | 25.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TXT.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.58 | 6.12% |
| R2 | 25.72 | 2.69% |
| R1 | 25.19 | 0.570% |
| Price | 25.05 | |
| S1 | 23.47 | -6.29% |
| S2 | 22.94 | -8.41% |
| S3 | 22.08 | -11.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 25.05 | |
| S1 | 23.45 | -6.39% |
| S2 | 23.25 | -7.19% |
| S3 | 22.80 | -8.98% |
TXT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.250€ | 1.05% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.180€ | 0.93% |
| 3 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 0.0400€ | 0.530% |
| 4 | May 03, 2019 | May 03, 2019 | May 03, 2019 | 0.500€ | 5.25% |
| 5 | May 07, 2018 | May 07, 2018 | May 07, 2018 | 1.00€ | 7.94% |
FAQ
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