Bumech S.A. Stock Forecast
On Friday, Bumech S.A. stock price gained an impressive 5.85%
(Updated on Jun 28, 2024)
The Bumech S.A. stock price gained 5.85% on the last trading day (Friday, 28th Jun 2024), rising from 12.30zł to 13.02zł. During the last trading day the stock fluctuated 6.82% from a day low at 12.32zł to a day high of 13.16zł. The price has been going up and down for this period, and there has been a 5% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately 414.78zł thousand.
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 Bumech S.A. stock with a 90% probability to be traded between 11.62zł and 13.80zł 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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BMC.WA Signals & Forecast
The Bumech 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 12.73zł and 12.60zł. 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). Bumech S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Tuesday, June 18, 2024, and so far it has fallen -0.611%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bumech S.A. stock
Bumech S.A. finds support from accumulated volume at 12.98zł 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 0.84zł between high and low, or 6.82%. For the last week, the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: 12.54zł (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (BMC.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bumech S.A. to open at 12.83zł, and during the day (based on 14 day Average True Range), to move between 12.53zł and 13.51zł, which gives a possible trading interval of +/-0.493zł (+/-3.79%) up or down from last closing price. If Bumech S.A. takes out the full calculated possible swing range there will be an estimated 7.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 12.98zł (0.31%) than the resistance at 13.10zł (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bumech S.A. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bumech S.A. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.695 Buy Candidate Upgraded
Predicted Opening Price for Bumech S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 12.83zł ( 1.43%) | 13.02zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMC.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.67 | 5.02% |
| R2 | 13.35 | 2.55% |
| R1 | 13.15 | 1.03% |
| Price | 13.02 | |
| S1 | 12.51 | -3.90% |
| S2 | 12.31 | -5.42% |
| S3 | 11.99 | -7.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.70 | 5.22% |
| R2 | 13.26 | 1.84% |
| R1 | 13.10 | 0.614% |
| Price | 13.02 | |
| S1 | 12.98 | -0.307% |
| S2 | 12.48 | -4.15% |
| S3 | 12.02 | -7.68% |
BMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 18, 2023 | Oct 18, 2023 | Oct 18, 2023 | 2.00zł | 7.06% |
| 2 | Sep 28, 2022 | Sep 28, 2022 | Sep 28, 2022 | 1.00zł | 1.90% |
FAQ
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