Makarony Polskie S.A. Stock Forecast
On Friday, Makarony Polskie S.A. stock price gained an impressive 5.63%
(Updated on May 31, 2024)
The Makarony Polskie S.A. stock price gained 5.63% on the last trading day (Friday, 31st May 2024), rising from 21.30zł to 22.50zł. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.63% from a day low at 21.30zł to a day high of 22.50zł. The price has risen in 5 of the last 10 days and is up by 0.9% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 9 thousand shares were bought and sold for approximately 200.43zł thousand. 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 22.26zł, a level that may pose a second chance to hit a runner. According to fan-theory 27.40zł 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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MAK.WA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen 0%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Makarony Polskie 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 21.29zł and 20.25zł. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Makarony Polskie S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 19.70zł and 19.45zł. 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, Makarony Polskie S.A. finds support just below today's level at 19.70zł. If this is broken, then the next support from accumulated volume will be at 19.45zł and 18.65zł.
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 1.20zł between high and low, or 5.63%. For the last week the stock has had daily average volatility of 3.94%.
Our recommended stop-loss: 21.77zł (-3.24%) (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 (MAK.WA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Makarony Polskie S.A. to open at 22.10zł, and during the day (based on 14 day Average True Range), to move between 21.56zł and 23.44zł, which gives a possible trading interval of +/-0.94zł (+/-4.17%) up or down from last closing price. If Makarony Polskie S.A. takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 22.80zł (1.33%) than the support at 19.70zł (12.44%), 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 Makarony Polskie S.A. stock A Buy?
Several short term signals are positive and the break up from the falling indicates a possible shift of trend. We believe prices around the breaking point to be particularly good levels but also believe that the current level will hold a possible good buy level for 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: 2.586 Buy Candidate Upgraded
Predicted Opening Price for Makarony Polskie S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 22.10zł ( 1.78%) | 22.50zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAK.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.30 | 3.56 % | |
| R2 | 22.84 | 1.52 % | ||
| R1 | 22.56 | 0.260 % | ||
| Current price: | 22.50 | |||
| Support | S1 | 21.64 | -3.82 % | |
| S2 | 21.36 | -5.07 % | ||
| S3 | 20.90 | -7.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.50 | 4.44 % | |
| R2 | 23.00 | 2.22 % | ||
| R1 | 22.80 | 1.33 % | ||
| Current price | 22.50 | |||
| Support | S1 | 19.70 | -12.44% | |
| S2 | 19.45 | -13.56% | ||
| S3 | 18.65 | -17.11% |
MAK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Jul 12, 2024 | 0.750zł | 3.33% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | 0.600zł | 5.29% |
| 3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | 0.300zł | 4.07% |
| 4 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | 0.300zł | 4.29% |
| 5 | Sep 30, 2020 | Sep 30, 2020 | Sep 30, 2020 | 0.250zł | 4.27% |
FAQ
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