KRUK Spólka Akcyjna Stock Forecast

Stronger technical forecast for KRUK Spólka Akcyjna stock price after Friday trading.
(Updated on May 24, 2024)

KRU.WA Signals & Forecast

A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -4.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The KRUK 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 464.06zł. On a fall, the stock will find some support from the long-term average at approximately 455.72zł. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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

KRUK Spólka Akcyjna finds support from accumulated volume at 450.60zł 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 8.40zł between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 2.59%.

Our recommended stop-loss: 436.60zł (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (KRU.WA) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect KRUK Spólka Akcyjna to open at 454.20zł, and during the day (based on 14 day Average True Range), to move between 443.41zł and 468.99zł, which gives a possible trading interval of +/-12.79zł (+/-2.80%) up or down from last closing price. If KRUK Spólka Akcyjna takes out the full calculated possible swing range there will be an estimated 5.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 450.60zł (1.23%) than the resistance at 472.80zł (3.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KRUK Spólka Akcyjna stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.736 Buy Candidate Upgraded

Predicted Opening Price for KRUK Spólka Akcyjna of Monday, May 27, 2024

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