CD Projekt S.A. Stock Forecast
CD Projekt S.A. stock price up 0.325% on Friday
(Updated on Jun 28, 2024)
The CD Projekt S.A. stock price gained 0.325% on the last trading day (Friday, 28th Jun 2024), rising from 138.50zł to 138.95zł. During the last trading day the stock fluctuated 1.68% from a day low at 137.25zł to a day high of 139.55zł. The price has risen in 6 of the last 10 days and is up by 3.85% over the past 2 weeks. Volume fell on the last day by -154 thousand shares and in total, 285 thousand shares were bought and sold for approximately 39.54zł million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 135.94zł is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.24% during the next 3 months and, with a 90% probability hold a price between 167.53zł and 194.59zł at the end of this 3-month period.
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CDR.WA Signals & Forecast
The CD Projekt S.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 139.85zł. On a fall, the stock will find some support from the long-term average at approximately 137.64zł. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, May 22, 2024, and so far it has fallen -4.17%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CD Projekt S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 131.80zł and 130.30zł. 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, CD Projekt S.A. finds support just below today's level at 131.80zł. If this is broken, then the next support from accumulated volume will be at 130.30zł and 115.65zł.
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 2.30zł between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: 131.59zł (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (CDR.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CD Projekt S.A. to open at 138.58zł, and during the day (based on 14 day Average True Range), to move between 134.83zł and 143.07zł, which gives a possible trading interval of +/-4.12zł (+/-2.96%) up or down from last closing price. If CD Projekt S.A. takes out the full calculated possible swing range there will be an estimated 5.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 140.85zł (1.37%) than the support at 131.80zł (5.15%), 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 CD Projekt 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 CD Projekt S.A. stock to perform well in the short-term.
Current score: 1.244 Buy Candidate Unchanged
Predicted Opening Price for CD Projekt S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 138.58zł ( 0.264%) | 138.95zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CDR.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 140.88 | 1.39% |
| R2 | 140.00 | 0.759% |
| R1 | 139.46 | 0.368% |
| Price | 138.95 | |
| S1 | 137.70 | -0.90% |
| S2 | 137.16 | -1.29% |
| S3 | 136.28 | -1.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 145.00 | 4.35% |
| R2 | 143.05 | 2.95% |
| R1 | 140.85 | 1.37% |
| Price | 138.95 | |
| S1 | 131.80 | -5.15% |
| S2 | 130.30 | -6.23% |
| S3 | 115.65 | -16.77% |
CDR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jun 27, 2024 | 1.00zł | 0.722% |
| 2 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | 1.00zł | 0.707% |
| 3 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | 1.00zł | 1.05% |
| 4 | May 31, 2021 | May 31, 2021 | May 31, 2021 | 5.00zł | 2.96% |
| 5 | May 30, 2019 | May 30, 2019 | May 30, 2019 | 1.05zł | 0.490% |
FAQ
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