Korporacja Gospodarcza efekt S.A. Stock Forecast

Korporacja Gospodarcza efekt S.A. stock price ended at 6.75zł on Friday, after losing 2.17%.
(Updated on May 31, 2024)

EFK.WA Signals & Forecast

There are few to no technical positive signals at the moment. The Korporacja Gospodarcza efekt S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 7.08zł and 7.18zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -12.34%. 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). Korporacja Gospodarcza efekt 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 Korporacja Gospodarcza efekt S.A. stock

Korporacja Gospodarcza efekt S.A. finds support from accumulated volume at 6.50zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0zł between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.145%.

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

Trading Expectations (EFK.WA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Korporacja Gospodarcza efekt S.A. to open at 6.75zł, and during the day (based on 14 day Average True Range), to move between 6.58zł and 6.92zł, which gives a possible trading interval of +/-0.167zł (+/-2.47%) up or down from last closing price. If Korporacja Gospodarcza efekt S.A. takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 6.90zł (2.22%) than the support at 6.50zł (3.70%), 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 Korporacja Gospodarcza efekt S.A. stock A Buy?

The Korporacja Gospodarcza efekt S.A. stock holds several negative signals and despite the positive trend, we believe Korporacja Gospodarcza efekt S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.787 Sell Candidate Unchanged

Predicted Opening Price for Korporacja Gospodarcza efekt S.A. of Monday, June 3, 2024

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