Decora S.A. Stock Forecast
Decora S.A. stock price ended at 66.60zł on Monday, after losing 0.299%.
(Updated on Jun 17, 2024)
The Decora S.A. stock price fell by -0.299% on the last day (Monday, 17th Jun 2024) from 66.80zł to 66.60zł. During the last trading day the stock fluctuated 2.13% from a day low at 65.60zł to a day high of 67.00zł. The price has been going up and down for this period, and there has been a 5.71% gain for the last 2 weeks. Volume has increased on the last day by 652 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately 78.65zł thousand.
The stock lies in the middle of a 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 37.98% during the next 3 months and, with a 90% probability hold a price between 89.54zł and 95.57zł at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DCR.WA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -0.597%. 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). Decora 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. The Decora 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 65.94zł and 63.93zł. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Decora S.A. stock
Decora S.A. finds support from accumulated volume at 65.40zł 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 1.40zł (2.13%) between high and low. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: 64.50zł (-3.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (DCR.WA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Decora S.A. to open at 66.40zł, and during the day (based on 14 day Average True Range), to move between 64.48zł and 68.72zł, which gives a possible trading interval of +/-2.12zł (+/-3.18%) up or down from last closing price. If Decora S.A. takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 66.80zł (0.30%) than the support at 65.40zł (1.80%), 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 Decora 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 Decora S.A. stock to perform well in the short-term.
Current score: 1.992 Buy Candidate Unchanged
Predicted Opening Price for Decora S.A. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 66.40zł ( 0.300%) | 66.60zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCR.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.80 | 1.80% |
| R2 | 67.27 | 1.00% |
| R1 | 66.93 | 0.503% |
| Price | 66.60 | |
| S1 | 65.87 | -1.10% |
| S2 | 65.53 | -1.60% |
| S3 | 65.00 | -2.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 67.00 | 0.601% |
| R1 | 66.80 | 0.300% |
| Price | 66.60 | |
| S1 | 65.40 | -1.80% |
| S2 | 62.80 | -5.71% |
| S3 | 55.20 | -17.12% |
DCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2024 | Jul 04, 2024 | Jul 12, 2024 | 3.00zł | 4.50% |
| 2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | 2.00zł | 5.04% |
| 3 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | 2.00zł | 6.17% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | 2.00zł | 4.94% |
| 5 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | 1.50zł | 6.61% |
FAQ
Click here for our free guide on how to buy Decora S.A. Stock.
