LPP SA Stock Forecast
LPP SA stock price down 1.34% on Tuesday
(Updated on Jun 25, 2024)
The LPP SA stock price fell by -1.34% on the last day (Tuesday, 25th Jun 2024) from 17,110.00zł to 16,880.00zł. During the last trading day the stock fluctuated 2.49% from a day low at 16,840.00zł to a day high of 17,260.00zł. The price has fallen in 6 of the last 10 days and is down by -2.65% for this period. Volume has increased on the last day by 102 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately 41.00zł million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 16,855.84zł is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.62% during the next 3 months and, with a 90% probability hold a price between 19,825.69zł and 21,638.50zł at the end of this 3-month period.
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LPP.WA Signals & Forecast
There are few to no technical positive signals at the moment. The LPP SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 17,041.43zł and 17,217.14zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -5.17%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for LPP SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 15,300.00zł and 15,070.00zł. 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, LPP SA finds support just below today's level at 15,300.00zł. If this is broken, then the next support from accumulated volume will be at 15,070.00zł and 14,100.00zł.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 420.00zł between high and low, or 2.49%. For the last week the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LPP.WA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect LPP SA to open at 16,993.33zł, and during the day (based on 14 day Average True Range), to move between 16,388.61zł and 17,371.39zł, which gives a possible trading interval of +/-491.39zł (+/-2.91%) up or down from last closing price. If LPP SA takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 17,340.00zł (2.73%) than the support at 15,300.00zł (9.36%), 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 LPP SA stock A Buy?
The LPP SA stock holds several negative signals and despite the positive trend, we believe LPP SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.353 Sell Candidate Unchanged
Predicted Opening Price for LPP SA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 16,993.33zł ( 0.671%) | 16,880.00zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPP.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17,413.33 | 3.16% |
| R2 | 17,252.89 | 2.21% |
| R1 | 17,153.77 | 1.62% |
| Price | 16,880.00 | |
| S1 | 16,832.89 | -0.279% |
| S2 | 16,733.77 | -0.87% |
| S3 | 16,573.33 | -1.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17,800.00 | 5.45% |
| R2 | 17,400.00 | 3.08% |
| R1 | 17,340.00 | 2.73% |
| Price | 16,880.00 | |
| S1 | 15,300.00 | -9.36% |
| S2 | 15,070.00 | -10.72% |
| S3 | 14,100.00 | -16.47% |
LPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 10, 2024 | Oct 10, 2024 | Oct 30, 2024 | 325.00zł | 1.93% |
| 2 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | 285.00zł | 1.81% |
| 3 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | 430.00zł | 3.20% |
| 4 | May 27, 2022 | May 27, 2022 | May 27, 2022 | 350.00zł | 3.52% |
| 5 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | 450.00zł | 3.48% |
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