Decora S.A. Stock Forecast
Decora S.A. stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Decora S.A. stock price fell by -4.20% on the last day (Tuesday, 25th Jun 2024) from 66.60zł to 63.80zł. During the last trading day the stock fluctuated 6.58% from a day low at 63.80zł to a day high of 68.00zł. The price has fallen in 6 of the last 10 days and is down by -4.78% for this period. Volume has increased on the last day by 1 thousand 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, 2 thousand shares were bought and sold for approximately 112.42zł thousand.
Given the current short-term trend, the stock is expected to rise 31.83% during the next 3 months and, with a 90% probability hold a price between 84.11zł and 92.03zł at the end of this 3-month period.
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DCR.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 Decora S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 65.09zł and 64.49zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -4.78%. Further fall is indicated until a new bottom pivot has been found. 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".
Support, Risk & Stop-loss for Decora S.A. stock
Decora S.A. finds support from accumulated volume at 62.80zł 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 4.20zł (6.58%) between high and low. For the last week, the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DCR.WA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Decora S.A. to open at 65.20zł, and during the day (based on 14 day Average True Range), to move between 61.59zł and 66.01zł, which gives a possible trading interval of +/-2.21zł (+/-3.47%) up or down from last closing price. If Decora S.A. takes out the full calculated possible swing range there will be an estimated 6.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 64.00zł (0.31%) than the support at 62.80zł (1.57%), 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?
The Decora S.A. stock holds several negative signals and despite the positive trend, we believe Decora 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 Buy to a Sell candidate.
Current score: -4.066 Sell Candidate Downgraded
Predicted Opening Price for Decora S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 65.20zł ( 2.19%) | 63.80zł |
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 | 69.40 | 8.78% |
| R2 | 67.80 | 6.26% |
| R1 | 66.80 | 4.71% |
| Price | 63.80 | |
| S1 | 63.60 | -0.320% |
| S2 | 62.60 | -1.87% |
| S3 | 61.00 | -4.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.00 | 3.45% |
| R2 | 65.40 | 2.51% |
| R1 | 64.00 | 0.313% |
| Price | 63.80 | |
| S1 | 62.80 | -1.57% |
| S2 | 59.60 | -6.58% |
| S3 | 55.20 | -13.48% |
DCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 04, 2024 | Jul 04, 2024 | Jul 12, 2024 | 3.00zł | 4.70% |
| 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
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