Asseco South Eastern Europe S.A. Stock Forecast

Asseco South Eastern Europe S.A. stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)

ASE.WA Signals & Forecast

The Asseco South Eastern Europe S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 50.63zł and 50.65zł. A breakdown below any of these levels will issue sell signals. 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, June 27, 2024, and so far it has fallen -1.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Asseco South Eastern Europe S.A. stock

Asseco South Eastern Europe S.A. finds support from accumulated volume at 50.60zł 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.600zł between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.43%

Our recommended stop-loss: 48.56zł (-4.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (ASE.WA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Asseco South Eastern Europe S.A. to open at 51.00zł, and during the day (based on 14 day Average True Range), to move between 50.02zł and 51.58zł, which gives a possible trading interval of +/-0.778zł (+/-1.53%) up or down from last closing price. If Asseco South Eastern Europe S.A. takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 50.60zł (0.39%) than the resistance at 51.00zł (0.39%), 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 South Eastern Europe S.A. stock A Buy?

Asseco South Eastern Europe S.A. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.792 Hold/Accumulate Downgraded

Predicted Opening Price for Asseco South Eastern Europe S.A. of Monday, July 1, 2024

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