Budimex SA Stock Forecast
Weaker technical forecast for Budimex SA as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Budimex SA stock price fell by -1.90% on the last day (Tuesday, 25th Jun 2024) from 709.00zł to 695.50zł. During the last trading day the stock fluctuated 1.87% from a day low at 693.50zł to a day high of 706.50zł. The price has been going up and down for this period, and there has been a 4.43% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 13 thousand shares were bought and sold for approximately 8.97zł million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.33% during the next 3 months and, with a 90% probability hold a price between 681.93zł and 824.80zł at the end of this 3-month period.
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BDX.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 4.51%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Budimex SA 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 726.19zł. On a fall, the stock will find some support from the short-term average at 681.14zł. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Budimex SA stock
Budimex SA finds support from accumulated volume at 690.00zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 13.00zł between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BDX.WA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Budimex SA to open at 698.50zł, and during the day (based on 14 day Average True Range), to move between 670.50zł and 720.50zł, which gives a possible trading interval of +/-25.00zł (+/-3.59%) up or down from last closing price. If Budimex SA takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 700.00zł (0.65%) than the support at 690.00zł (0.79%), 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 Budimex SA stock A Buy?
Budimex SA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.605 Sell Candidate Downgraded
Predicted Opening Price for Budimex SA of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
698.50zł ( 0.431%) | 695.50zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDX.WA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 711.50 | 2.30% |
R2 | 706.53 | 1.59% |
R1 | 703.47 | 1.15% |
Price | 695.50 | |
S1 | 693.53 | -0.283% |
S2 | 690.47 | -0.724% |
S3 | 685.50 | -1.44% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 747.50 | 7.48% |
R2 | 722.50 | 3.88% |
R1 | 700.00 | 0.647% |
Price | 695.50 | |
S1 | 690.00 | -0.791% |
S2 | 684.00 | -1.65% |
S3 | 673.00 | -3.24% |
BDX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 28, 2024 | May 28, 2024 | Jun 06, 2024 | 35.69zł | 4.92% |
2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 17.99zł | 5.24% |
3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 23.47zł | 10.57% |
4 | Oct 08, 2021 | Oct 08, 2021 | Oct 08, 2021 | 14.90zł | 5.18% |
5 | May 31, 2021 | May 31, 2021 | May 31, 2021 | 16.70zł | 5.59% |
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