UnipolSai Assicurazioni S.p.A. Stock Forecast

Weaker technical forecast for UnipolSai Assicurazioni S.p.A. as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)

US.MI Signals & Forecast

The UnipolSai Assicurazioni S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 2.68€ and 2.69€. 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 Thursday, May 16, 2024, and so far it has fallen -0.297%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, August 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for UnipolSai Assicurazioni S.p.A. stock

UnipolSai Assicurazioni S.p.A. finds support from accumulated volume at 2.68€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0140€ between high and low, or 0.522%. For the last week the stock has had daily average volatility of 0.507%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (US.MI) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect UnipolSai Assicurazioni S.p.A. to open at 2.69€, and during the day (based on 14 day Average True Range), to move between 2.67€ and 2.70€, which gives a possible trading interval of +/-0.0112€ (+/-0.42%) up or down from last closing price. If UnipolSai Assicurazioni S.p.A. takes out the full calculated possible swing range there will be an estimated 0.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 2.69€ (0.07%) than the support at 2.68€ (0.22%), 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 UnipolSai Assicurazioni S.p.A. stock A Buy?

UnipolSai Assicurazioni S.p.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.223 Sell Candidate Downgraded

Predicted Opening Price for UnipolSai Assicurazioni S.p.A. of Monday, May 20, 2024

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