Dino Polska 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
Stronger technical forecast for Dino Polska S.A. stock price after Friday trading.
(Updated on Jun 21, 2024)
The Dino Polska S.A. stock price gained 1.38% on the last trading day (Friday, 21st Jun 2024), rising from 406.80zł to 412.40zł. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.66% from a day low at 406.40zł to a day high of 417.20zł. The price has risen in 8 of the last 10 days and is up by 6.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 279 thousand more shares were traded than the day before. In total, 407 thousand shares were bought and sold for approximately 167.68zł million.
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 9.52% during the next 3 months and, with a 90% probability hold a price between 421.69zł and 464.72zł at the end of this 3-month period.
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DNP.WA Signals & Forecast
Mostly positive signals in the chart today. The Dino Polska 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 402.54zł and 397.77zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 6.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, June 13, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Dino Polska S.A. stock
Dino Polska S.A. finds support from accumulated volume at 392.10zł 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 10.80zł between high and low, or 2.66%. For the last week the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: 390.24zł (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (DNP.WA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Dino Polska S.A. to open at 412.00zł, and during the day (based on 14 day Average True Range), to move between 402.65zł and 422.15zł, which gives a possible trading interval of +/-9.75zł (+/-2.36%) up or down from last closing price. If Dino Polska S.A. takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 392.10zł, some 20.30zł (4.92%) from the current price of 412.40zł, our system finds the risk reward attractive.
Is Dino Polska S.A. stock A Buy?
Dino Polska S.A. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.317 Strong Buy Candidate Upgraded
Predicted Opening Price for Dino Polska S.A. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 412.00zł ( 0.0970%) | 412.40zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNP.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 422.80 | 2.52% |
| R2 | 418.67 | 1.52% |
| R1 | 416.13 | 0.90% |
| Price | 412.40 | |
| S1 | 407.87 | -1.10% |
| S2 | 405.33 | -1.72% |
| S3 | 401.20 | -2.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 412.40 | |
| S1 | 392.10 | -4.92% |
| S2 | 385.10 | -6.62% |
| S3 | 369.80 | -10.33% |
FAQ
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