Betacom S.A. Stock Forecast
Betacom S.A. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Betacom S.A. stock price gained 3.45% on the last trading day (Tuesday, 25th Jun 2024), rising from 5.80zł to 6.00zł. During the last trading day the stock fluctuated 0% from a day low at 6.00zł to a day high of 6.00zł. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 52 shares were bought and sold for approximately 312.00zł . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Betacom S.A. stock with a 90% probability to be traded between 5.56zł and 6.26zł at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BCM.WA Signals & Forecast
The Betacom 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 5.91zł and 5.99zł. 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 Monday, May 13, 2024, and so far it has fallen -3.23%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Betacom S.A. stock
Betacom S.A. finds support from accumulated volume at 5.90zł 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 0zł between high and low, or 0%. For the last week the stock has had daily average volatility of 1.22%
Our recommended stop-loss: 5.67zł (-5.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (BCM.WA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Betacom S.A. to open at 6.00zł, and during the day (based on 14 day Average True Range), to move between 5.87zł and 6.13zł, which gives a possible trading interval of +/-0.126zł (+/-2.10%) up or down from last closing price. If Betacom S.A. takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 6.05zł (0.83%) than the support at 5.90zł (1.67%), 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 Betacom S.A. stock A Buy?
Betacom 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.439 Hold/Accumulate Upgraded
Predicted Opening Price for Betacom S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 6.00zł ( 0%) | 6.00zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCM.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.00 | - |
| R2 | 6.00 | - |
| R1 | 6.00 | - |
| Price | 6.00 | |
| S1 | 6.00 | - |
| S2 | 6.00 | - |
| S3 | 6.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.15 | 2.50% |
| R2 | 6.10 | 1.67% |
| R1 | 6.05 | 0.83% |
| Price | 6.00 | |
| S1 | 5.90 | -1.67% |
| S2 | 5.80 | -3.33% |
| S3 | 5.70 | -5.00% |
BCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2023 | Sep 27, 2023 | Sep 27, 2023 | 0.230zł | 4.67% |
| 2 | Oct 03, 2022 | Oct 03, 2022 | Oct 03, 2022 | 0.360zł | 10.00% |
| 3 | Sep 10, 2019 | Sep 10, 2019 | Sep 10, 2019 | 0.300zł | 5.71% |
| 4 | Sep 05, 2018 | Sep 05, 2018 | Sep 05, 2018 | 0.750zł | 10.00% |
| 5 | Aug 03, 2017 | Aug 03, 2017 | Aug 03, 2017 | 0.0500zł | 0.89% |
FAQ
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