ONE S.A. Stock Forecast

ONE S.A. stock price down 0% on Friday
(Updated on Jun 14, 2024)

FMG.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ONE 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 102.10zł and 106.32zł. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for ONE S.A. stock

ONE S.A. finds support from accumulated volume at 98.20zł 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 3.40zł between high and low, or 3.54%. For the last week the stock has had daily average volatility of 4.54%.

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

Trading Expectations (FMG.WA) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect ONE S.A. to open at 98.00zł, and during the day (based on 14 day Average True Range), to move between 92.45zł and 104.75zł, which gives a possible trading interval of +/-6.15zł (+/-6.23%) up or down from last closing price. If ONE S.A. takes out the full calculated possible swing range there will be an estimated 12.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 98.20zł (0.41%) than the resistance at 101.50zł (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ONE S.A. stock A Buy?

ONE S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.392 Sell Candidate Unchanged

Predicted Opening Price for ONE S.A. of Monday, June 17, 2024

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