Lubawa S.A. Stock Forecast
Lubawa S.A. stock price ended at 4.55zł on Friday, after gaining 2.48%.
(Updated on May 17, 2024)
The Lubawa S.A. stock price gained 2.48% on the last trading day (Friday, 17th May 2024), rising from 4.44zł to 4.55zł. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 7.64% from a day low at 4.29zł to a day high of 4.62zł. The price has risen in 8 of the last 10 days and is up by 15.72% over the past 2 weeks. Volume fell on the last day by -273 thousand shares and in total, 1 million shares were bought and sold for approximately 5.30zł million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 4.23zł, a level that may pose a second chance to hit a runner. According to fan-theory 4.71zł will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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LBW.WA Signals & Forecast
The Lubawa S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 4.17zł and 3.92zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 23.51%. 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 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 Lubawa S.A. stock
Lubawa S.A. finds support from accumulated volume at 4.43zł 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 0.328zł between high and low, or 7.64%. For the last week, the stock has had daily average volatility of 6.53%.
The Lubawa S.A. stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Lubawa S.A. has been rising for 8 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: 4.36zł (-4.25%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (LBW.WA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Lubawa S.A. to open at 4.49zł, and during the day (based on 14 day Average True Range), to move between 4.37zł and 4.73zł, which gives a possible trading interval of +/-0.176zł (+/-3.88%) up or down from last closing price. If Lubawa S.A. takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 4.43zł, some 0.120zł (2.64%) from the current price of 4.55zł, our system finds the risk reward attractive.
Is Lubawa S.A. stock A Buy?
Lubawa S.A. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Lubawa S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 4.49zł ( 1.38%) | 4.55zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LBW.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.82 | 5.83 % | |
| R2 | 4.69 | 3.08 % | ||
| R1 | 4.61 | 1.38 % | ||
| Current price: | 4.55 | |||
| Support | S1 | 4.36 | -4.13 % | |
| S2 | 4.28 | -5.83 % | ||
| S3 | 4.16 | -8.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.55 | |||
| Support | S1 | 4.43 | -2.64% | |
| S2 | 3.90 | -14.24% | ||
| S3 | 3.68 | -19.03% |
LBW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2009 | Jul 14, 2009 | Jul 14, 2009 | 0.0300zł | 3.66% |
| 2 | Jul 10, 2008 | Jul 10, 2008 | Jul 10, 2008 | 0.0400zł | 7.14% |
| 3 | Sep 19, 2006 | Sep 19, 2006 | Sep 19, 2006 | 0.120zł | 4.29% |
| 4 | Jun 28, 2005 | Jun 28, 2005 | Jun 28, 2005 | 0.0500zł | 15.06% |
| 5 | Jul 13, 2004 | Jul 13, 2004 | Jul 13, 2004 | 0.0450zł | 13.39% |
FAQ
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