Introl S.A. Stock Forecast
Introl S.A. stock price up 2.91% on Friday
(Updated on May 31, 2024)
The Introl S.A. stock price gained 2.91% on the last trading day (Friday, 31st May 2024), rising from 9.62zł to 9.90zł. During the last trading day the stock fluctuated 5.71% from a day low at 9.46zł to a day high of 10.00zł. The price has fallen in 5 of the last 10 days and is down by -8.33% for this period. Volume fell on the last day by -96 shares and in total, 2 thousand shares were bought and sold for approximately 22.17zł thousand. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Introl S.A. stock with a 90% probability to be traded between 9.46zł and 10.61zł at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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INL.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.91%. 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 Introl 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 10.20zł and 10.32zł. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, May 22, 2024 and based on theory for this formation the price should fall by -3.30% to 9.57zł within 33 trading days since signal was issued (Monday, June 03, 2024).
Support, Risk & Stop-loss for Introl S.A. stock
Introl S.A. finds support from accumulated volume at 9.88zł 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 0.540zł between high and low, or 5.71%. For the last week the stock has had daily average volatility of 4.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INL.WA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Introl S.A. to open at 9.79zł, and during the day (based on 14 day Average True Range), to move between 9.54zł and 10.26zł, which gives a possible trading interval of +/-0.363zł (+/-3.67%) up or down from last closing price. If Introl S.A. takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 9.88zł (0.20%) than the resistance at 10.10zł (2.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Introl S.A. stock A Buy?
Introl 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: -1.882 Sell Candidate Unchanged
Predicted Opening Price for Introl S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 9.79zł ( 1.14%) | 9.90zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INL.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.33 | 4.31 % | |
| R2 | 10.12 | 2.23 % | ||
| R1 | 9.99 | 0.94 % | ||
| Current price: | 9.90 | |||
| Support | S1 | 9.58 | -3.23 % | |
| S2 | 9.45 | -4.52 % | ||
| S3 | 9.25 | -6.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.75 | 8.59 % | |
| R2 | 10.55 | 6.57 % | ||
| R1 | 10.10 | 2.02 % | ||
| Current price | 9.90 | |||
| Support | S1 | 9.88 | -0.202% | |
| S2 | 9.62 | -2.83% | ||
| S3 | 0 | . |
INL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 05, 2024 | 0.240zł | 2.42% |
| 2 | May 28, 2024 | May 28, 2024 | Jun 04, 2024 | 0.240zł | 2.42% |
| 3 | Apr 08, 2024 | Apr 08, 2024 | Apr 09, 2024 | 0.240zł | 2.27% |
| 4 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | 0.340zł | 4.87% |
| 5 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | 0.200zł | 3.38% |
FAQ
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