CCC S.A. Stock Forecast
Stronger technical forecast for CCC S.A. stock price after Tuesday trading.
(Updated on May 07, 2024)
The CCC S.A. stock price fell by -1.37% on the last day (Tuesday, 7th May 2024) from 98.90zł to 97.55zł. During the last trading day the stock fluctuated 2.67% from a day low at 97.20zł to a day high of 99.80zł. The price has risen in 6 of the last 10 days and is up by 18.1% over the past 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 -55 thousand shares and in total, 311 thousand shares were bought and sold for approximately 30.30zł million.
The stock lies in the upper part of a very wide and strong rising 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 99.29zł will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 29.78% during the next 3 months and, with a 90% probability hold a price between 95.97zł and 128.85zł at the end of this 3-month period.
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CCC.WA Signals & Forecast
The CCC 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 92.90zł and 77.89zł. 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 06, 2024, and so far it has fallen -1.37%. Further fall is indicated until a new bottom pivot has been found. 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 CCC S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 83.00zł and 80.65zł. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CCC S.A. finds support just below today's level at 83.00zł. If this is broken, then the next support from accumulated volume will be at 80.65zł and 76.00zł.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 2.60zł between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: 93.59zł (-4.06%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CCC.WA) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect CCC S.A. to open at 98.18zł, and during the day (based on 14 day Average True Range), to move between 93.76zł and 101.34zł, which gives a possible trading interval of +/-3.79zł (+/-3.88%) up or down from last closing price. If CCC S.A. takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 98.90zł (1.38%) than the support at 83.00zł (14.92%), 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 CCC S.A. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CCC S.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.934 Buy Candidate Upgraded
Predicted Opening Price for CCC S.A. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 98.18zł ( 0.649%) | 97.55zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCC.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.78 | 3.31 % | |
| R2 | 99.79 | 2.30 % | ||
| R1 | 99.18 | 1.67 % | ||
| Current price: | 97.55 | |||
| Support | S1 | 97.19 | -0.369 % | |
| S2 | 96.58 | -1.00 % | ||
| S3 | 95.58 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 98.90 | 1.38 % | ||
| Current price | 97.55 | |||
| Support | S1 | 83.00 | -14.92% | |
| S2 | 80.65 | -17.32% | ||
| S3 | 76.00 | -22.09% |
CCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2019 | Sep 16, 2019 | Sep 16, 2019 | 0.480zł | 0.362% |
| 2 | Sep 18, 2018 | Sep 18, 2018 | Sep 18, 2018 | 2.30zł | 1.10% |
| 3 | Sep 06, 2017 | Sep 06, 2017 | Sep 06, 2017 | 2.59zł | 0.90% |
| 4 | Aug 30, 2016 | Aug 30, 2016 | Aug 30, 2016 | 2.19zł | 1.19% |
| 5 | Sep 22, 2015 | Sep 22, 2015 | Sep 22, 2015 | 3.00zł | 1.84% |
FAQ
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