Cyfrowy Polsat S.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Cyfrowy Polsat S.A. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Cyfrowy Polsat S.A. stock price fell by -0.247% on the last day (Friday, 28th Jun 2024) from 12.15zł to 12.12zł. During the last trading day the stock fluctuated 1.66% from a day low at 12.06zł to a day high of 12.26zł. The price has fallen in 6 of the last 10 days but is still up by 1.93% 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 -83 thousand shares and in total, 527 thousand shares were bought and sold for approximately 6.39zł million.
The stock lies in the lower part of a very 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 11.84zł 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 23.83% during the next 3 months and, with a 90% probability hold a price between 14.66zł and 18.39zł at the end of this 3-month period.
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CPS.WA Signals & Forecast
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. The Cyfrowy Polsat S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 12.17zł and 12.58zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -11.27%. 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 Cyfrowy Polsat S.A. stock
Cyfrowy Polsat S.A. finds support from accumulated volume at 11.85zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.200zł (1.66%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPS.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cyfrowy Polsat S.A. to open at 12.15zł, and during the day (based on 14 day Average True Range), to move between 11.73zł and 12.51zł, which gives a possible trading interval of +/-0.394zł (+/-3.25%) up or down from last closing price. If Cyfrowy Polsat S.A. takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 11.85zł (2.23%) than the resistance at 12.65zł (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cyfrowy Polsat S.A. stock A Buy?
The Cyfrowy Polsat S.A. stock holds several negative signals and despite the positive trend, we believe Cyfrowy Polsat S.A. will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.360 Sell Candidate Downgraded
Predicted Opening Price for Cyfrowy Polsat S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 12.15zł ( 0.220%) | 12.12zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPS.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.35 | 1.87% |
| R2 | 12.27 | 1.24% |
| R1 | 12.22 | 0.85% |
| Price | 12.12 | |
| S1 | 12.07 | -0.410% |
| S2 | 12.02 | -0.800% |
| S3 | 11.95 | -1.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.66 | 12.71% |
| R2 | 13.10 | 8.09% |
| R1 | 12.65 | 4.37% |
| Price | 12.12 | |
| S1 | 11.85 | -2.23% |
| S2 | 11.47 | -5.36% |
| S3 | 9.76 | -19.47% |
CPS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | 1.20zł | 6.98% |
| 2 | Sep 14, 2021 | Sep 14, 2021 | Sep 14, 2021 | 1.20zł | 3.47% |
| 3 | Oct 14, 2020 | Oct 14, 2020 | Oct 14, 2020 | 1.00zł | 3.77% |
| 4 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | 0.93zł | 3.13% |
| 5 | Jul 19, 2017 | Jul 19, 2017 | Jul 19, 2017 | 0.320zł | 1.24% |
FAQ
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