PGE Polska Grupa Energetyczna S.A. Stock Forecast
PGE Polska Grupa Energetyczna S.A. stock price ended at 6.18zł on Thursday, after gaining 1.51%.
(Updated on May 02, 2024)
The PGE Polska Grupa Energetyczna S.A. stock price gained 1.51% on the last trading day (Thursday, 2nd May 2024), rising from 6.09zł to 6.18zł. During the last trading day the stock fluctuated 2.17% from a day low at 6.08zł to a day high of 6.21zł. The price has been going up and down for this period, and there has been a 2.9% gain for the last 2 weeks. Volume fell on the last day by -976 thousand shares and in total, 4 million shares were bought and sold for approximately 22.25zł million. 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 stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.85% during the next 3 months and, with a 90% probability hold a price between 4.12zł and 4.62zł at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PGE.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.69%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PGE Polska Grupa Energetyczna 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 6.71zł. On a fall, the stock will find some support from the short-term average at 6.09zł. 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.
Support, Risk & Stop-loss for PGE Polska Grupa Energetyczna S.A. stock
PGE Polska Grupa Energetyczna S.A. finds support from accumulated volume at 6.11zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.132zł between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGE.WA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect PGE Polska Grupa Energetyczna S.A. to open at 6.16zł, and during the day (based on 14 day Average True Range), to move between 5.96zł and 6.40zł, which gives a possible trading interval of +/-0.219zł (+/-3.55%) up or down from last closing price. If PGE Polska Grupa Energetyczna S.A. takes out the full calculated possible swing range there will be an estimated 7.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.11zł (1.07%) than the resistance at 6.39zł (3.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PGE Polska Grupa Energetyczna S.A. stock A Buy?
PGE Polska Grupa Energetyczna 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: -3.479 Sell Candidate Unchanged
Predicted Opening Price for PGE Polska Grupa Energetyczna S.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 6.16zł ( 0.388%) | 6.18zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGE.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.29 | 1.75 % | |
| R2 | 6.24 | 0.93 % | ||
| R1 | 6.21 | 0.428 % | ||
| Current price: | 6.18 | |||
| Support | S1 | 6.11 | -1.20 % | |
| S2 | 6.07 | -1.71 % | ||
| S3 | 6.02 | -2.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.25 | 17.31 % | |
| R2 | 6.50 | 5.18 % | ||
| R1 | 6.39 | 3.37 % | ||
| Current price | 6.18 | |||
| Support | S1 | 6.11 | -1.07% | |
| S2 | 6.10 | -1.29% | ||
| S3 | 6.08 | -1.59% |
PGE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2016 | Sep 22, 2016 | Sep 22, 2016 | 0.250zł | 2.40% |
| 2 | Sep 23, 2015 | Sep 23, 2015 | Sep 23, 2015 | 0.780zł | 5.58% |
| 3 | Sep 03, 2014 | Sep 03, 2014 | Sep 03, 2014 | 1.10zł | 5.04% |
| 4 | Sep 03, 2013 | Sep 03, 2013 | Sep 03, 2013 | 0.86zł | 5.34% |
| 5 | Aug 20, 2012 | Aug 20, 2012 | Aug 20, 2012 | 1.83zł | 10.00% |
FAQ
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