Zespól Elektrocieplowni Wroclawskich Stock Forecast

Zespól Elektrocieplowni Wroclawskich stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

KGN.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 5.20%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zespól Elektrocieplowni Wroclawskich 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 48.93zł. On a fall, the stock will find some support from the short-term average at 47.20zł. 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. 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.

Support, Risk & Stop-loss for Zespól Elektrocieplowni Wroclawskich stock

Zespól Elektrocieplowni Wroclawskich finds support from accumulated volume at 47.00zł 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 0.800zł between high and low, or 1.68%. For the last week the stock has had daily average volatility of 3.51%.

Our recommended stop-loss: 45.13zł (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. to open at 47.78zł, and during the day (based on 14 day Average True Range), to move between 45.65zł and 49.45zł, which gives a possible trading interval of +/-1.90zł (+/-3.99%) up or down from last closing price. If Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. takes out the full calculated possible swing range there will be an estimated 7.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 47.00zł (1.16%) than the resistance at 50.00zł (5.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. stock A Buy?

Zespól Elektrocieplowni Wroclawskich holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.910 Hold/Accumulate Upgraded

Predicted Opening Price for Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. of Monday, July 1, 2024

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