Dadelo S.A. Stock Forecast

Evaluation of Dadelo S.A. stock downgraded after the last trading session.
(Updated on May 06, 2024)

DAD.WA Signals & Forecast

The Dadelo 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 18.21zł. On a fall, the stock will find some support from the long-term average at approximately 16.88zł. 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). 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, April 29, 2024, and so far it has fallen -7.89%. Further fall is indicated until a new bottom pivot has been found. Dadelo S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Dadelo S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 16.50zł and 16.40zł. 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, Dadelo S.A. finds support just below today's level at 16.50zł. If this is broken, then the next support from accumulated volume will be at 16.40zł and 16.30zł.

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 0.95zł between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 3.61%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DAD.WA) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Dadelo S.A. to open at 17.68zł, and during the day (based on 14 day Average True Range), to move between 16.93zł and 18.07zł, which gives a possible trading interval of +/-0.566zł (+/-3.23%) up or down from last closing price. If Dadelo S.A. takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 17.80zł (1.71%) than the support at 16.50zł (5.71%), 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 Dadelo S.A. stock A Buy?

Dadelo S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Buy to a Sell candidate.

Current score: -1.036 Sell Candidate Downgraded

Predicted Opening Price for Dadelo S.A. of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.