KGHM Polska Miedz S.A. Stock Forecast

KGHM Polska Miedz S.A. stock price ended at 150.35zł on Friday, after gaining 1.59%.
(Updated on Jun 28, 2024)

KGH.WA Signals & Forecast

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 KGHM Polska Miedz 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 150.83zł. On a fall, the stock will find some support from the short-term average at 148.24zł. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -11.56%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for KGHM Polska Miedz S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 142.35zł and 140.60zł. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KGHM Polska Miedz S.A. finds support just below today's level at 142.35zł. If this is broken, then the next support from accumulated volume will be at 140.60zł and 128.00zł.

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 3.65zł between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 3.46%.

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

Trading Expectations (KGH.WA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect KGHM Polska Miedz S.A. to open at 150.17zł, and during the day (based on 14 day Average True Range), to move between 145.74zł and 154.96zł, which gives a possible trading interval of +/-4.61zł (+/-3.07%) up or down from last closing price. If KGHM Polska Miedz S.A. takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 151.70zł (0.90%) than the support at 142.35zł (5.32%), 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 KGHM Polska Miedz S.A. stock A Buy?

KGHM Polska Miedz S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.686 Sell Candidate Unchanged

Predicted Opening Price for KGHM Polska Miedz S.A. of Monday, July 1, 2024

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