Marie Brizard Wine & Spirits SA Stock Forecast

Marie Brizard Wine & Spirits SA stock price down 0% on Friday
(Updated on May 17, 2024)

MBW.WA Signals & Forecast

The Marie Brizard Wine & Spirits SA 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 13.56zł. On a fall, the stock will find some support from the long-term average at approximately 13.36zł. 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. 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 Tuesday, May 14, 2024, and so far it has fallen -0.735%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, May 14, 2024 and based on theory for this formation the price should fall by -4.69% to 12.87zł within 6 trading days since signal was issued (Monday, May 20, 2024).

Support, Risk & Stop-loss for Marie Brizard Wine & Spirits SA stock

Marie Brizard Wine & Spirits SA finds support from accumulated volume at 13.00zł 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0zł between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

Our recommended stop-loss: 12.93zł (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (MBW.WA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Marie Brizard Wine & Spirits SA to open at 13.50zł, and during the day (based on 14 day Average True Range), to move between 13.12zł and 13.88zł, which gives a possible trading interval of +/-0.377zł (+/-2.79%) up or down from last closing price. If Marie Brizard Wine & Spirits SA takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 13.60zł (0.74%) than the support at 13.00zł (3.70%), 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 Marie Brizard Wine & Spirits SA 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 Marie Brizard Wine & Spirits SA stock to perform well in the short-term.

Current score: 1.849 Buy Candidate Unchanged

Predicted Opening Price for Marie Brizard Wine & Spirits SA of Monday, May 20, 2024

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