Mex Polska S.A. Stock Forecast
A very strong day for Mex Polska S.A. stock price on Friday
(Updated on Jun 28, 2024)
The Mex Polska S.A. stock price gained 5.01% on the last trading day (Friday, 28th Jun 2024), rising from 4.19zł to 4.40zł. 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 4.27% from a day low at 4.22zł to a day high of 4.40zł. The price has risen in 5 of the last 10 days but is still down by -1.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 10.26zł thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.44% during the next 3 months and, with a 90% probability hold a price between 4.49zł and 5.37zł at the end of this 3-month period.
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MEX.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 5.77%. Further rise is indicated until a new top pivot has been found. Mex Polska S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mex Polska S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 4.57zł. On a fall, the stock will find some support from the short-term average at 4.30zł. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mex Polska S.A. stock
Mex Polska S.A. finds support from accumulated volume at 4.34zł 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 0.180zł between high and low, or 4.27%. For the last week, the stock has had daily average volatility of 5.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MEX.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mex Polska S.A. to open at 4.34zł, and during the day (based on 14 day Average True Range), to move between 4.15zł and 4.65zł, which gives a possible trading interval of +/-0.246zł (+/-5.58%) up or down from last closing price. If Mex Polska S.A. takes out the full calculated possible swing range there will be an estimated 11.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.34zł (1.36%) than the resistance at 4.60zł (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mex Polska S.A. stock A Buy?
Mex Polska S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.511 Sell Candidate Unchanged
Predicted Opening Price for Mex Polska S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 4.34zł ( 1.36%) | 4.40zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEX.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.52 | 2.73% |
| R2 | 4.45 | 1.16% |
| R1 | 4.41 | 0.199% |
| Price | 4.40 | |
| S1 | 4.27 | -2.93% |
| S2 | 4.23 | -3.89% |
| S3 | 4.16 | -5.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.70 | 6.82% |
| R2 | 4.62 | 5.00% |
| R1 | 4.60 | 4.55% |
| Price | 4.40 | |
| S1 | 4.34 | -1.36% |
| S2 | 4.23 | -3.86% |
| S3 | 4.16 | -5.45% |
MEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 14, 2024 | 0.270zł | 6.03% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 03, 2023 | 0.140zł | 3.58% |
| 3 | Sep 16, 2019 | Sep 16, 2019 | Sep 16, 2019 | 0.190zł | 6.25% |
| 4 | Jul 05, 2018 | Jul 05, 2018 | Jul 05, 2018 | 0.170zł | 4.09% |
| 5 | Jul 14, 2017 | Jul 14, 2017 | Jul 14, 2017 | 0.320zł | 4.44% |
FAQ
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