Brand 24 S.A. Stock Forecast

Brand 24 S.A. stock price down 0% on Wednesday
(Updated on Jun 26, 2024)

B24.WA Signals & Forecast

The Brand 24 S.A. 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 46.44zł and 45.52zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 6.11%. Further rise is indicated until a new top pivot has been found. 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. 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".

Support, Risk & Stop-loss for Brand 24 S.A. stock

Brand 24 S.A. finds support from accumulated volume at 45.60zł 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 0.100zł between high and low, or 0.214%. For the last week the stock has had daily average volatility of 1.35%

Our recommended stop-loss: 45.14zł (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)

Trading Expectations (B24.WA) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Brand 24 S.A. to open at 46.87zł, and during the day (based on 14 day Average True Range), to move between 46.13zł and 47.67zł, which gives a possible trading interval of +/-0.769zł (+/-1.64%) up or down from last closing price. If Brand 24 S.A. takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 47.00zł (0.21%) than the support at 45.60zł (2.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Brand 24 S.A. stock A Buy?

Brand 24 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.

Current score: 0.638 Hold/Accumulate Unchanged

Predicted Opening Price for Brand 24 S.A. of Thursday, June 27, 2024

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