Brand 24 S.A. Stock Forecast

Weaker technical forecast for Brand 24 S.A. as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

B24.WA Signals & Forecast

The Brand 24 S.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 46.70zł. On a fall, the stock will find some support from the long-term average at approximately 45.65zł. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 5.43%. 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 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.

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 0.800zł between high and low, or 1.74%. For the last week the stock has had daily average volatility of 0.95%

Our recommended stop-loss: 44.81zł (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)

Trading Expectations (B24.WA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Brand 24 S.A. to open at 46.47zł, and during the day (based on 14 day Average True Range), to move between 45.85zł and 47.35zł, which gives a possible trading interval of +/-0.750zł (+/-1.61%) 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 3.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 46.90zł (0.64%) than the support at 45.60zł (2.15%), 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. 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: 0.523 Hold/Accumulate Downgraded

Predicted Opening Price for Brand 24 S.A. of Monday, July 1, 2024

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