Natuzzi S.p.A. Stock Forecast
Natuzzi S.p.A. stock price ended at $6.00 on Thursday, after losing 0.99%.
(Updated on Apr 18, 2024)
The Natuzzi S.p.A. stock price fell by -0.99% on the last day (Thursday, 18th Apr 2024) from $6.06 to $6.00. During the last trading day the stock fluctuated 6.67% from a day low at $6.00 to a day high of $6.40. The price has fallen in 5 of the last 10 days and is down by -4.61% for this period. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 thousand shares were bought and sold for approximately $70.95 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.93 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.92% during the next 3 months and, with a 90% probability hold a price between $5.70 and $6.05 at the end of this 3-month period.
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NTZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.84%. 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 Natuzzi S.p.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $6.06 and $6.21. 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). Natuzzi S.p.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Natuzzi S.p.A. stock
Natuzzi S.p.A. finds support from accumulated volume at $5.95 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 $0.400 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NTZ) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Natuzzi S.p.A. to open at $6.13, and during the day (based on 14 day Average True Range), to move between $5.85 and $6.15, which gives a possible trading interval of +/-$0.148 (+/-2.46%) up or down from last closing price. If Natuzzi S.p.A. takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.95 (0.83%) than the resistance at $6.18 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Natuzzi S.p.A. stock A Buy?
Natuzzi S.p.A. holds several negative signals and is within a 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: -2.322 Sell Candidate Unchanged
Predicted Opening Price for Natuzzi S.p.A. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $6.13 ( 2.22%) | $6.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NTZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.53 | 8.89 % | |
| R2 | 6.38 | 6.34 % | ||
| R1 | 6.29 | 4.77 % | ||
| Current price: | 6.00 | |||
| Support | S1 | 5.98 | -0.324 % | |
| S2 | 5.89 | -1.90 % | ||
| S3 | 5.73 | -4.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.25 | 4.17 % | |
| R2 | 6.20 | 3.33 % | ||
| R1 | 6.18 | 3.00 % | ||
| Current price | 6.00 | |||
| Support | S1 | 5.95 | -0.83% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NTZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2005 | May 26, 2005 | Feb 21, 2019 | $0.440 | 7.42% |
| 2 | Apr 26, 2004 | May 26, 2004 | Jul 26, 2004 | $0.83 | 1.62% |
| 3 | May 02, 2003 | May 28, 2003 | Jul 14, 2003 | $1.84 | 4.60% |
| 4 | Apr 24, 2002 | May 29, 2002 | Jul 15, 2002 | $1.28 | 1.90% |
| 5 | Apr 30, 2001 | May 29, 2001 | Jul 17, 2001 | $0.225 | 0.335% |
FAQ
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