CI Games S.A. Stock Forecast
Green day on Friday for CI Games S.A. stock after gaining 0.92%
(Updated on Jun 21, 2024)
The CI Games S.A. stock price gained 0.92% on the last trading day (Friday, 21st Jun 2024), rising from 1.74zł to 1.76zł. During the last trading day the stock fluctuated 3.16% from a day low at 1.71zł to a day high of 1.77zł. The price has fallen in 6 of the last 10 days but is still up by 1.27% over the past 2 weeks. Volume fell on the last day by -480 thousand shares and in total, 380 thousand shares were bought and sold for approximately 669.02zł thousand. 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 middle of a wide and weak 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 8.66% during the next 3 months and, with a 90% probability hold a price between 1.68zł and 2.09zł at the end of this 3-month period.
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CIG.WA Signals & Forecast
The CI Games S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 1.70zł and 1.74zł. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen -5.38%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for CI Games S.A. stock
CI Games S.A. finds support from accumulated volume at 1.74zł 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.0540zł between high and low, or 3.16%. For the last week the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIG.WA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CI Games S.A. to open at 1.75zł, and during the day (based on 14 day Average True Range), to move between 1.69zł and 1.83zł, which gives a possible trading interval of +/-0.0733zł (+/-4.16%) up or down from last closing price. If CI Games S.A. takes out the full calculated possible swing range there will be an estimated 8.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.78zł (0.91%) than the support at 1.74zł (1.14%), 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 CI Games S.A. stock A Buy?
The CI Games S.A. stock holds several negative signals and despite the positive trend, we believe CI Games S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.400 Sell Candidate Unchanged
Predicted Opening Price for CI Games S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 1.75zł ( 0.83%) | 1.76zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIG.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.80 | 2.23% |
| R2 | 1.78 | 1.06% |
| R1 | 1.77 | 0.339% |
| Price | 1.76 | |
| S1 | 1.72 | -2.01% |
| S2 | 1.71 | -2.73% |
| S3 | 1.69 | -3.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.84 | 4.55% |
| R2 | 1.80 | 2.16% |
| R1 | 1.78 | 0.91% |
| Price | 1.76 | |
| S1 | 1.74 | -1.14% |
| S2 | 1.70 | -3.41% |
| S3 | 1.45 | -17.61% |
FAQ
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