Asseco Poland S.A. Stock Forecast
Red day on Friday for Asseco Poland S.A.
(Updated on Jun 28, 2024)
The Asseco Poland S.A. stock price fell by -0.187% on the last day (Friday, 28th Jun 2024) from 80.20zł to 80.05zł. During the last trading day the stock fluctuated 1.75% from a day low at 79.80zł to a day high of 81.20zł. The price has risen in 6 of the last 10 days but is still down by -1.72% for this period. Volume has increased on the last day by 27 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, 97 thousand shares were bought and sold for approximately 7.73zł million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 79.19zł 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 4.43% during the next 3 months and, with a 90% probability hold a price between 82.69zł and 93.78zł at the end of this 3-month period.
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ACP.WA Signals & Forecast
There are mixed signals in the stock today. The Asseco Poland S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 83.48zł. On a fall, the stock will find some support from the short-term average at 79.91zł. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.33%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Asseco Poland S.A. stock
Asseco Poland S.A. finds support from accumulated volume at 79.75zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.40zł (1.75%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACP.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Asseco Poland S.A. to open at 80.35zł, and during the day (based on 14 day Average True Range), to move between 78.09zł and 82.01zł, which gives a possible trading interval of +/-1.96zł (+/-2.45%) up or down from last closing price. If Asseco Poland S.A. takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 79.75zł (0.37%) than the resistance at 80.45zł (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Asseco Poland S.A. stock A Buy?
Asseco Poland S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.041 Sell Candidate Unchanged
Predicted Opening Price for Asseco Poland S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 80.35zł ( 0.375%) | 80.05zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACP.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.75 | 2.12% |
| R2 | 81.22 | 1.46% |
| R1 | 80.88 | 1.04% |
| Price | 80.05 | |
| S1 | 79.82 | -0.293% |
| S2 | 79.48 | -0.706% |
| S3 | 78.95 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 87.60 | 9.43% |
| R2 | 87.50 | 9.31% |
| R1 | 80.45 | 0.500% |
| Price | 80.05 | |
| S1 | 79.75 | -0.375% |
| S2 | 79.20 | -1.06% |
| S3 | 79.00 | -1.31% |
ACP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jun 28, 2024 | 3.66zł | 4.57% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | 3.50zł | 4.29% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | 3.36zł | 4.77% |
| 4 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | 3.11zł | 4.38% |
| 5 | Jun 04, 2020 | Jun 04, 2020 | Jun 04, 2020 | 3.01zł | 4.11% |
FAQ
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