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
Dino Polska S.A. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The Dino Polska S.A. stock price gained 1.38% on the last trading day (Friday, 14th Jun 2024), rising from 392.70zł to 398.10zł. 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 2.44% from a day low at 389.60zł to a day high of 399.10zł. The price has risen in 6 of the last 10 days and is up by 1.53% over the past 2 weeks. Volume fell on the last day by -84 thousand shares and in total, 193 thousand shares were bought and sold for approximately 76.85zł million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 4.17% during the next 3 months and, with a 90% probability hold a price between 384.19zł and 432.51zł at the end of this 3-month period.
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DNP.WA Signals & Forecast
The Dino Polska S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 392.34zł and 394.50zł. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, May 20, 2024, and so far it has fallen -2.95%. 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).
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.
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 9.50zł (2.44%) between high and low. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: 379.07zł (-4.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (DNP.WA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Dino Polska S.A. to open at 395.60zł, and during the day (based on 14 day Average True Range), to move between 388.05zł and 408.15zł, which gives a possible trading interval of +/-10.05zł (+/-2.52%) 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 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 399.30zł (0.30%) than the support at 392.10zł (1.51%), 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 Dino Polska S.A. stock A Buy?
Dino Polska S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.837 Hold/Accumulate Upgraded
Predicted Opening Price for Dino Polska S.A. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 395.60zł ( 0.628%) | 398.10zł |
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 | 405.10 | 1.76% |
| R2 | 401.47 | 0.85% |
| R1 | 399.23 | 0.284% |
| Price | 398.10 | |
| S1 | 391.97 | -1.54% |
| S2 | 389.73 | -2.10% |
| S3 | 386.10 | -3.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 416.70 | 4.67% |
| R2 | 406.60 | 2.14% |
| R1 | 399.30 | 0.301% |
| Price | 398.10 | |
| S1 | 392.10 | -1.51% |
| S2 | 385.10 | -3.27% |
| S3 | 369.80 | -7.11% |
FAQ
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