It Seems Natuzzi S.p.A. (NTZ) Will Go Down. Formed A Few Months Bearish Multiple Bottom Chart Pattern

June 18, 2018 - By Vivian Currie

Natuzzi S.p.A. (NYSE:NTZ) Logo

The stock of Natuzzi S.p.A. (NTZ) shows a multiple bottoms pattern with $1.46 target or 9.00 % below today’s $1.60 share price. The 8 months chart pattern indicates high risk for the $87.77 million company. It was reported on Jun, 18 by Finviz.com. If the $1.46 price target is reached, the company will be worth $7.90M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

It closed at $1.6 lastly. It is down 46.43% since June 18, 2017 and is downtrending. It has underperformed by 59.00% the S&P500.

More news for Natuzzi S.p.A. (NYSE:NTZ) were recently published by: Seekingalpha.com, which released: “Natuzzi SPA: Heads I Win, Tails I Win Even More” on May 24, 2018. Seekingalpha.com‘s article titled: “Natuzzi SpA (NTZ) CEO Pasquale Natuzzi on Q1 2018 Results – Earnings Call Transcript” and published on May 30, 2018 is yet another important article.

Natuzzi S.p.A. designs, manufactures, and markets leather and fabric upholstered furniture worldwide. The company has market cap of $87.77 million. The Company’s products primarily include stationary furniture, such as sofas, loveseats, and armchairs; sectional furniture; motion furniture; sofa beds; occasional chairs, including recliners and massage chairs; and furnishings and accessories for the living room and beds, bed linens, and bedroom furnishings. It currently has negative earnings. The firm sells its products primarily under the Natuzzi Italia, Natuzzi Re-vive, Natuzzi Editions, and Softaly brand names.

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