PCC Rokita SA Stock Forecast

Red day on Tuesday for PCC Rokita SA
(Updated on Jun 25, 2024)

PCR.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.73%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PCC Rokita SA 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 94.18zł. On a fall, the stock will find some support from the short-term average at 91.11zł. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for PCC Rokita SA stock

PCC Rokita SA finds support from accumulated volume at 91.50zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.800zł between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.73%

Our recommended stop-loss: 86.87zł (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (PCR.WA) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect PCC Rokita SA to open at 91.50zł, and during the day (based on 14 day Average True Range), to move between 89.90zł and 93.50zł, which gives a possible trading interval of +/-1.80zł (+/-1.96%) up or down from last closing price. If PCC Rokita SA takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 91.50zł (0.22%) than the resistance at 94.40zł (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PCC Rokita SA stock A Buy?

PCC Rokita SA 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: 0.737 Hold/Accumulate Unchanged

Predicted Opening Price for PCC Rokita SA of Wednesday, June 26, 2024

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