BNP Paribas Bank Polska S.A. Stock Forecast
BNP Paribas Bank Polska S.A. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)
No changes to the price of BNP Paribas Bank Polska S.A. stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 1.04% from a day low at 96.00zł to a day high of 97.00zł. The price has been going up and down for this period, and there has been a 0.41% gain for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 98.17zł will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.09% during the next 3 months and, with a 90% probability hold a price between 77.02zł and 85.32zł at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BNP.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 3.41%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The BNP Paribas Bank Polska S.A. 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 98.06zł. On a fall, the stock will find some support from the short-term average at 96.94zł. 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.
Support, Risk & Stop-loss for BNP Paribas Bank Polska S.A. stock
BNP Paribas Bank Polska S.A. finds support from accumulated volume at 96.80zł 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.00zł between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNP.WA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect BNP Paribas Bank Polska S.A. to open at 96.67zł, and during the day (based on 14 day Average True Range), to move between 94.88zł and 99.12zł, which gives a possible trading interval of +/-2.12zł (+/-2.19%) up or down from last closing price. If BNP Paribas Bank Polska S.A. takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 96.80zł (0.21%) than the resistance at 102.50zł (5.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BNP Paribas Bank Polska S.A. stock A Buy?
BNP Paribas Bank Polska S.A. 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: -1.097 Sell Candidate Downgraded
Predicted Opening Price for BNP Paribas Bank Polska S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 96.67zł ( 0.344%) | 97.00zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNP.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.67 | 0.687% |
| R2 | 97.28 | 0.293% |
| R1 | 97.05 | 0.0502% |
| Price | 97.00 | |
| S1 | 96.28 | -0.737% |
| S2 | 96.05 | -0.98% |
| S3 | 95.67 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 108.00 | 11.34% |
| R2 | 104.50 | 7.73% |
| R1 | 102.50 | 5.67% |
| Price | 97.00 | |
| S1 | 96.80 | -0.206% |
| S2 | 96.40 | -0.619% |
| S3 | 93.80 | -3.30% |
BNP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | May 10, 2024 | 3.41zł | 3.45% |
FAQ
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