AZM trade ideas
AZIMUT SHARES WILL BE PUMMELED DOWN -27.5%Azimut stock price chart on a monthly scale provides a clear view of the structural price range channel. The stock price has drifted well below the middle line and breaking all support, with a clear SELL SIGNAL where the stock price has drifted below the IKH A/B cloud. The repricing of AZIMUT stock will see AZIMUT pummelled down by -27.5% to €12 euro stock price.
Azimut (AZM.mi) bearish scenario:The technical figure Triangle can be found in the Italian company Azimut Holding (AZM.mi) at daily chart. Azimut Holding is an Italian asset management company, based in Milan, Italy, with branches in Australia, Brazil, Chile, China, Egypt, Ireland, Luxembourg, Mexico, Monaco, Singapore, Switzerland, Taiwan, Turkey, United Arab Emirates and the United States. Traded on the Borsa Italiana, the company is specialized in investment management aimed at private and institutional clients. The Triangle has broken through the support line on 26/01/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 44 days towards 21.500 EUR. Your stop loss order according to experts should be placed at 26.73 EUR if you decide to enter this position.
Italian asset manager Azimut Holding said its U.S. subsidiary had struck a deal to buy a minority stake in U.S. private credit investment manager Pathlight Capital. Under the deal, Azimut Alternative Capital Partners (ACCP) will buy a stake of around 20% in Pathlight and contribute “permanent capital to the business going forward”, the companies said in a joint statement, adding there would be no changes to Pathlight’s strategy or management as a result of the agreement.
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AZM Little retracement for the AZIMUT stock and if the price passes the resistance we could see the price at 24€ per share.
Generic Analysis AZIMUT HOLDINGSI have a strong bullish vision on Azimut, the company is doing quite well in the last years.
I believe the last leg down is mainly due to the italian election and the rise of populist parties. Not a specific problem with the company.
Recently the main shareholders have managed to secure the control of the company buying more shares in the downturn.
The company have announcted recently a buyback problem.
Long term bullish scenario on AZIMUT, targeting 40 euro long terAzimut is a very good company that is running a huge dividend.
It could reach 40 euro long term.
Short Float over 8 % todayReally big short float, but I saw financials, and I have to say fundament is not really bad...Valuation, no debt, sector is also still atractive...We will see. goo.gl
