Grodno Spólka Akcyjna Stock Forecast

Grodno Spólka Akcyjna stock price ended at 11.10zł on Monday, after losing 0.716%.
(Updated on May 27, 2024)

GRN.WA Signals & Forecast

The Grodno Spólka Akcyjna stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 11.37zł. On a fall, the stock will find some support from the long-term average at approximately 11.04zł. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -5.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Grodno Spólka Akcyjna stock

Grodno Spólka Akcyjna finds support from accumulated volume at 11.00zł 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.220zł between high and low, or 1.98%. For the last week the stock has had daily average volatility of 3.23%.

Our recommended stop-loss: 10.44zł (-5.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (GRN.WA) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Grodno Spólka Akcyjna to open at 11.17zł, and during the day (based on 14 day Average True Range), to move between 10.84zł and 11.36zł, which gives a possible trading interval of +/-0.265zł (+/-2.39%) up or down from last closing price. If Grodno Spólka Akcyjna takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 11.00zł (0.90%) than the resistance at 11.48zł (3.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Grodno Spólka Akcyjna stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grodno Spólka Akcyjna stock to perform well in the short-term.

Current score: 1.650 Buy Candidate Unchanged

Predicted Opening Price for Grodno Spólka Akcyjna of Tuesday, May 28, 2024

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