Grupa Kety S.A. Stock Forecast

Grupa Kety S.A. stock upgraded to Buy Candidate.
(Updated on Apr 30, 2024)

KTY.WA Signals & Forecast

The Grupa Kety S.A. 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 843.71zł. On a fall, the stock will find some support from the long-term average at approximately 782.66zł. 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. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.98%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, October 11, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Grupa Kety S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 753.00zł and 750.50zł. 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, Grupa Kety S.A. finds support just below today's level at 753.00zł. If this is broken, then the next support from accumulated volume will be at 750.50zł and 690.00zł.

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 26.50zł between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: 815.41zł (-3.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (KTY.WA) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Grupa Kety S.A. to open at 845.67zł, and during the day (based on 14 day Average True Range), to move between 821.19zł and 865.81zł, which gives a possible trading interval of +/-22.31zł (+/-2.65%) up or down from last closing price. If Grupa Kety S.A. takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 851.00zł (0.89%) than the support at 753.00zł (10.73%), 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 Grupa Kety S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grupa Kety S.A. 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: 1.579 Buy Candidate Upgraded

Predicted Opening Price for Grupa Kety S.A. of Thursday, May 2, 2024

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