Jastrzebska Spólka Weglowa S.A. Stock Forecast
Jastrzebska Spólka Weglowa S.A. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The Jastrzebska Spólka Weglowa S.A. stock price gained 3.66% on the last trading day (Monday, 20th May 2024), rising from 31.98zł to 33.15zł. 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 4.11% from a day low at 31.87zł to a day high of 33.18zł. The price has been going up and down for this period, and there has been a 3.85% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 945 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 50.03zł million.
Given the current short-term trend, the stock is expected to fall -28.80% during the next 3 months and, with a 90% probability hold a price between 19.34zł and 23.60zł at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JSW.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 9.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jastrzebska Spólka Weglowa S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 33.50zł. On a fall, the stock will find some support from the short-term average at 31.77zł. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Jastrzebska Spólka Weglowa S.A. stock
Jastrzebska Spólka Weglowa S.A. finds support from accumulated volume at 31.88zł 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.31zł between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: 31.66zł (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (JSW.WA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Jastrzebska Spólka Weglowa S.A. to open at 32.73zł, and during the day (based on 14 day Average True Range), to move between 31.99zł and 34.31zł, which gives a possible trading interval of +/-1.16zł (+/-3.50%) up or down from last closing price. If Jastrzebska Spólka Weglowa S.A. takes out the full calculated possible swing range there will be an estimated 6.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 33.25zł (0.30%) than the support at 31.88zł (3.83%), 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 Jastrzebska Spólka Weglowa S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.249 Buy Candidate Upgraded
Predicted Opening Price for Jastrzebska Spólka Weglowa S.A. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 32.73zł ( 1.26%) | 33.15zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSW.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.04 | 2.69 % | |
| R2 | 33.54 | 1.19 % | ||
| R1 | 33.23 | 0.253 % | ||
| Current price: | 33.15 | |||
| Support | S1 | 32.23 | -2.77 % | |
| S2 | 31.92 | -3.70 % | ||
| S3 | 31.42 | -5.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.80 | 14.03 % | |
| R2 | 35.29 | 6.46 % | ||
| R1 | 33.25 | 0.302 % | ||
| Current price | 33.15 | |||
| Support | S1 | 31.88 | -3.83% | |
| S2 | 31.19 | -5.91% | ||
| S3 | 30.43 | -8.21% |
JSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 26, 2019 | Aug 26, 2019 | Aug 26, 2019 | 1.71zł | 5.82% |
| 2 | Jul 29, 2013 | Jul 29, 2013 | Jul 29, 2013 | 2.52zł | 3.94% |
| 3 | Jul 04, 2012 | Jul 04, 2012 | Jul 04, 2012 | 5.38zł | 5.55% |
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