Intesa Sanpaolo S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Intesa Sanpaolo S.p.A. stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Intesa Sanpaolo S.p.A. stock price gained 1.89% on the last trading day (Wednesday, 17th Apr 2024), rising from $20.86 to $21.25. During the last trading day the stock fluctuated 1.40% from a day low at $21.03 to a day high of $21.32. The price has fallen in 7 of the last 10 days and is down by -3.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 460 thousand more shares were traded than the day before. In total, 810 thousand shares were bought and sold for approximately $17.22 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.93 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 24.18% during the next 3 months and, with a 90% probability hold a price between $25.99 and $28.28 at the end of this 3-month period.
ISNPY Signals & Forecast
The Intesa Sanpaolo 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 $21.22 and $20.99. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -3.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Intesa Sanpaolo S.p.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $18.63 and $18.43. 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, Intesa Sanpaolo S.p.A. finds support just below today's level at $18.63. If this is broken, then the next support from accumulated volume will be at $18.43 and $18.39.
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 $0.295 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: $20.21 (-4.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (ISNPY) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Intesa Sanpaolo S.p.A. to open at $21.20, and during the day (based on 14 day Average True Range), to move between $20.90 and $21.61, which gives a possible trading interval of +/-$0.353 (+/-1.66%) up or down from last closing price. If Intesa Sanpaolo S.p.A. takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.40 (0.69%) than the support at $18.63 (12.33%), 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 Intesa Sanpaolo S.p.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Intesa Sanpaolo S.p.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.193 Buy Candidate Upgraded
Predicted Opening Price for Intesa Sanpaolo S.p.A. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $21.20 ( 0.256%) | $21.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISNPY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.49 | 1.13 % | |
| R2 | 21.38 | 0.602 % | ||
| R1 | 21.31 | 0.275 % | ||
| Current price: | 21.25 | |||
| Support | S1 | 21.09 | -0.786 % | |
| S2 | 21.02 | -1.11 % | ||
| S3 | 20.90 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.66 | 1.91 % | |
| R2 | 21.63 | 1.77 % | ||
| R1 | 21.40 | 0.687 % | ||
| Current price | 21.25 | |||
| Support | S1 | 18.63 | -12.33% | |
| S2 | 18.43 | -13.29% | ||
| S3 | 18.39 | -13.48% |
ISNPY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | $0.663 | 3.93% |
| 2 | May 26, 2023 | May 26, 2023 | Jun 06, 2023 | $0.582 | 3.95% |
| 3 | Nov 21, 2022 | Nov 21, 2022 | Dec 08, 2022 | $0.457 | 3.50% |
| 4 | May 23, 2022 | May 23, 2022 | May 23, 2022 | $0.520 | 4.11% |
| 5 | Nov 22, 2021 | Nov 22, 2021 | Nov 22, 2021 | $0.499 | 3.18% |
FAQ
Click here for our free guide on how to buy Intesa Sanpaolo S.p.A. Stock.
