Unieuro S.p.A. Stock Forecast
Unieuro S.p.A. stock price ended at 8.80€ on Friday, after losing 0.340%.
(Updated on May 17, 2024)
The Unieuro S.p.A. stock price fell by -0.340% on the last day (Friday, 17th May 2024) from 8.83€ to 8.80€. During the last trading day the stock fluctuated 1.61% from a day low at 8.71€ to a day high of 8.85€. The price has fallen in 5 of the last 10 days and is down by -3.3% for this period. 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 -7 thousand shares and in total, 77 thousand shares were bought and sold for approximately 674.27€ 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 Unieuro S.p.A. stock with a 90% probability to be traded between 8.21€ and 9.20€ 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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UNIR.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 0.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Unieuro S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 8.96€ and 8.88€. 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). 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.
Support, Risk & Stop-loss for Unieuro S.p.A. stock
Unieuro S.p.A. finds support from accumulated volume at 8.79€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.140€ between high and low, or 1.61%. For the last week the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UNIR.MI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Unieuro S.p.A. to open at 8.79€, and during the day (based on 14 day Average True Range), to move between 8.58€ and 9.02€, which gives a possible trading interval of +/-0.217€ (+/-2.46%) up or down from last closing price. If Unieuro S.p.A. takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 8.79€ (0.17%) than the resistance at 8.85€ (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Unieuro S.p.A. stock A Buy?
Unieuro S.p.A. holds several negative signals and is within a wide and 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.
Current score: -1.140 Sell Candidate Unchanged
Predicted Opening Price for Unieuro S.p.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 8.79€ ( 0.152%) | 8.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UNIR.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.93 | 1.44 % | |
| R2 | 8.87 | 0.83 % | ||
| R1 | 8.84 | 0.456 % | ||
| Current price: | 8.80 | |||
| Support | S1 | 8.73 | -0.759 % | |
| S2 | 8.70 | -1.13 % | ||
| S3 | 8.65 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.34 | 6.14 % | |
| R2 | 9.06 | 2.95 % | ||
| R1 | 8.85 | 0.568 % | ||
| Current price | 8.80 | |||
| Support | S1 | 8.79 | -0.170% | |
| S2 | 8.72 | -0.91% | ||
| S3 | 8.53 | -3.07% |
UNIR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 24, 2024 | Jun 24, 2024 | Jun 24, 2024 | 0€ | 0% |
| 2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | 0.490€ | 5.04% |
| 3 | Jun 27, 2022 | Jun 27, 2022 | Jun 27, 2022 | 1.35€ | 8.13% |
| 4 | Jun 21, 2021 | Jun 21, 2021 | Jun 21, 2021 | 2.60€ | 9.33% |
| 5 | Jun 24, 2019 | Jun 24, 2019 | Jun 24, 2019 | 1.07€ | 7.75% |
FAQ
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