Toscana Aeroporti S.p.A. Stock Forecast
Toscana Aeroporti S.p.A. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Toscana Aeroporti S.p.A. stock price fell by -0.82% on the last day (Friday, 10th May 2024) from 12.15€ to 12.05€. During the last trading day the stock fluctuated 2.95% from a day low at 11.85€ to a day high of 12.20€. The price has risen in 4 of the last 10 days and is up by 2.99% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -41 shares and in total, 448 shares were bought and sold for approximately 5.40€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Toscana Aeroporti S.p.A. stock with a 90% probability to be traded between 11.55€ and 12.85€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TYA.MI Signals & Forecast
The Toscana Aeroporti 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 12.04€ and 11.98€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Toscana Aeroporti S.p.A. stock
Toscana Aeroporti S.p.A. finds support from accumulated volume at 12.00€ 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 0.350€ between high and low, or 2.95%. For the last week the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: 11.47€ (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TYA.MI) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Toscana Aeroporti S.p.A. to open at 12.03€, and during the day (based on 14 day Average True Range), to move between 11.75€ and 12.35€, which gives a possible trading interval of +/-0.299€ (+/-2.48%) up or down from last closing price. If Toscana Aeroporti S.p.A. takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 12.10€ (0.41%) than the support at 12.00€ (0.41%), 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 Toscana Aeroporti S.p.A. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Toscana Aeroporti S.p.A. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.433 Buy Candidate Upgraded
Predicted Opening Price for Toscana Aeroporti S.p.A. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 12.03€ ( 0.138%) | 12.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TYA.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.38 | 2.77 % | |
| R2 | 12.25 | 1.66 % | ||
| R1 | 12.17 | 0.97 % | ||
| Current price: | 12.05 | |||
| Support | S1 | 11.90 | -1.25 % | |
| S2 | 11.82 | -1.93 % | ||
| S3 | 11.68 | -3.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.70 | 5.39 % | |
| R2 | 12.20 | 1.24 % | ||
| R1 | 12.10 | 0.415 % | ||
| Current price | 12.05 | |||
| Support | S1 | 12.00 | -0.415% | |
| S2 | 11.95 | -0.83% | ||
| S3 | 11.70 | -2.90% |
TYA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 24, 2023 | Jul 24, 2023 | Jul 24, 2023 | 0.376€ | 2.96% |
| 2 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.376€ | 3.01% |
| 3 | May 03, 2019 | May 03, 2019 | May 03, 2019 | 0.700€ | 4.08% |
| 4 | Jun 04, 2018 | Jun 04, 2018 | Jun 04, 2018 | 0.531€ | 3.56% |
| 5 | May 08, 2017 | May 08, 2017 | May 08, 2017 | 0.498€ | 3.03% |
FAQ
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