Unipol Gruppo S.p.A. Stock Forecast
Unipol Gruppo S.p.A. stock upgraded to Strong Buy Candidate.
(Updated on Apr 26, 2024)
The Unipol Gruppo S.p.A. stock price gained 0.782% on the last trading day (Friday, 26th Apr 2024), rising from 8.31€ to 8.38€. During the last trading day the stock fluctuated 1.39% from a day low at 8.30€ to a day high of 8.41€. The price has risen in 8 of the last 10 days and is up by 5.48% 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, 253 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately 12.09€ million.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 8.35€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.36% during the next 3 months and, with a 90% probability hold a price between 12.14€ and 12.64€ at the end of this 3-month period.
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UNI.MI Signals & Forecast
Mostly positive signals in the chart today. The Unipol Gruppo 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 8.29€ and 7.88€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 6.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Unipol Gruppo S.p.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 7.43€ and 7.00€. 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, Unipol Gruppo S.p.A. finds support just below today's level at 7.43€. If this is broken, then the next support from accumulated volume will be at 7.00€ and 6.95€.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.115€ (1.39%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: 7.99€ (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (UNI.MI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Unipol Gruppo S.p.A. to open at 8.36€, and during the day (based on 14 day Average True Range), to move between 8.23€ and 8.52€, which gives a possible trading interval of +/-0.145€ (+/-1.73%) up or down from last closing price. If Unipol Gruppo S.p.A. takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 7.43€, some 0.94€ (11.26%) from the current price of 8.38€, our system finds the risk reward attractive.
Is Unipol Gruppo S.p.A. stock A Buy?
Unipol Gruppo S.p.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". 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: 5.404 Strong Buy Candidate Upgraded
Predicted Opening Price for Unipol Gruppo S.p.A. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 8.36€ ( 0.179%) | 8.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNI.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.48 | 1.19 % | |
| R2 | 8.43 | 0.669 % | ||
| R1 | 8.40 | 0.345 % | ||
| Current price: | 8.38 | |||
| Support | S1 | 8.32 | -0.704 % | |
| S2 | 8.29 | -1.03 % | ||
| S3 | 8.25 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.38 | |||
| Support | S1 | 7.43 | -11.26% | |
| S2 | 7.00 | -16.42% | ||
| S3 | 6.95 | -16.99% |
UNI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2024 | May 20, 2024 | May 22, 2024 | 0.380€ | 4.53% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 0.370€ | 7.71% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.300€ | 6.16% |
| 4 | Oct 18, 2021 | Oct 18, 2021 | Oct 18, 2021 | 0.280€ | 5.63% |
| 5 | May 24, 2021 | May 24, 2021 | May 24, 2021 | 0.280€ | 5.83% |
FAQ
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