AC Spólka Akcyjna Stock Forecast

Red day on Friday for AC Spólka Akcyjna stock after losing 0%
(Updated on May 17, 2024)

ACG.WA Signals & Forecast

The AC Spólka Akcyjna 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 33.54zł and 31.28zł. 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%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AC Spólka Akcyjna stock

AC Spólka Akcyjna finds support from accumulated volume at 33.40zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.500zł between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.49%.

Our recommended stop-loss: 32.54zł (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ACG.WA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect AC Spólka Akcyjna to open at 33.93zł, and during the day (based on 14 day Average True Range), to move between 33.38zł and 34.42zł, which gives a possible trading interval of +/-0.520zł (+/-1.53%) up or down from last closing price. If AC Spólka Akcyjna takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 33.40zł, some 0.500zł (1.47%) from the current price of 33.90zł, our system finds the risk reward attractive.

Is AC Spólka Akcyjna 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 AC Spólka Akcyjna stock to perform well in the short-term.

Current score: 2.581 Buy Candidate Unchanged

Predicted Opening Price for AC Spólka Akcyjna of Monday, May 20, 2024

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