CCC S.A. Stock Forecast
Green day on Wednesday for CCC S.A. stock after gaining 3.23%
(Updated on May 29, 2024)
The CCC S.A. stock price gained 3.23% on the last trading day (Wednesday, 29th May 2024), rising from 130.00zł to 134.20zł. During the last trading day the stock fluctuated 6.83% from a day low at 126.00zł to a day high of 134.60zł. The price has risen in 7 of the last 10 days and is up by 3.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 228 thousand more shares were traded than the day before. In total, 312 thousand shares were bought and sold for approximately 41.82zł million.
The stock lies in the middle of a very wide and strong 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 101.13% during the next 3 months and, with a 90% probability hold a price between 215.93zł and 289.54zł 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 132.13zł and 103.67zł. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, May 21, 2024, and so far it has fallen -1.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CCC S.A. stock
CCC S.A. finds support from accumulated volume at 132.80zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 8.60zł between high and low, or 6.83%. For the last week, the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: 128.95zł (-3.91%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (CCC.WA) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect CCC S.A. to open at 131.60zł, and during the day (based on 14 day Average True Range), to move between 128.78zł and 139.62zł, which gives a possible trading interval of +/-5.42zł (+/-4.04%) up or down from last closing price. If CCC S.A. takes out the full calculated possible swing range there will be an estimated 8.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 132.80zł (1.04%) than the resistance at 136.20zł (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: 3.617 Buy Candidate Unchanged
Predicted Opening Price for CCC S.A. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| 131.60zł ( 1.94%) | 134.20zł |
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 | 140.20 | 4.47 % | |
| R2 | 136.91 | 2.02 % | ||
| R1 | 134.89 | 0.511 % | ||
| Current price: | 134.20 | |||
| Support | S1 | 128.31 | -4.39 % | |
| S2 | 126.29 | -5.90 % | ||
| S3 | 123.00 | -8.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 136.60 | 1.79 % | ||
| R1 | 136.20 | 1.49 % | ||
| Current price | 134.20 | |||
| Support | S1 | 132.80 | -1.04% | |
| S2 | 126.70 | -5.59% | ||
| S3 | 126.00 | -6.11% |
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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