PGE Polska Grupa Energetyczna S.A. Stock Forecast
PGE Polska Grupa Energetyczna S.A. stock price ended at 7.46zł on Friday, after gaining 1.28%.
(Updated on May 17, 2024)
The PGE Polska Grupa Energetyczna S.A. stock price gained 1.28% on the last trading day (Friday, 17th May 2024), rising from 7.37zł to 7.46zł. During the last trading day the stock fluctuated 2.33% from a day low at 7.30zł to a day high of 7.47zł. The price has risen in 9 of the last 10 days and is up by 20.78% over the past 2 weeks. Volume fell on the last day by -182 thousand shares and in total, 3 million shares were bought and sold for approximately 22.77zł 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 7.51zł will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.16% during the next 3 months and, with a 90% probability hold a price between 4.71zł and 6.29zł 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
The PGE Polska Grupa Energetyczna 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 7.23zł and 6.67zł. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.53%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for PGE Polska Grupa Energetyczna S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 6.57zł and 6.50zł. 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, PGE Polska Grupa Energetyczna S.A. finds support just below today's level at 6.57zł. If this is broken, then the next support from accumulated volume will be at 6.50zł and 6.39zł.
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 0.170zł between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 4.82%.
The PGE Polska Grupa Energetyczna S.A. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 7.21zł (-3.38%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (PGE.WA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect PGE Polska Grupa Energetyczna S.A. to open at 7.41zł, and during the day (based on 14 day Average True Range), to move between 7.17zł and 7.76zł, which gives a possible trading interval of +/-0.298zł (+/-3.99%) 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 7.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 7.50zł (0.48%) than the support at 6.57zł (11.92%), 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.
Earnings coming up
PGE Polska Grupa Energetyczna S.A. will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for PGE Polska Grupa Energetyczna S.A., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.01% in the first trading day after earnings release.
Is PGE Polska Grupa Energetyczna S.A. stock A Buy?
PGE Polska Grupa Energetyczna S.A. 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: -0.085 Hold/Accumulate Unchanged
Predicted Opening Price for PGE Polska Grupa Energetyczna S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 7.41zł ( 0.706%) | 7.46zł |
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 | 7.58 | 1.57 % | |
| R2 | 7.52 | 0.702 % | ||
| R1 | 7.48 | 0.164 % | ||
| Current price: | 7.46 | |||
| Support | S1 | 7.35 | -1.58 % | |
| S2 | 7.31 | -2.11 % | ||
| S3 | 7.24 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.72 | 3.43 % | |
| R2 | 7.58 | 1.55 % | ||
| R1 | 7.50 | 0.482 % | ||
| Current price | 7.46 | |||
| Support | S1 | 6.57 | -11.92% | |
| S2 | 6.50 | -12.92% | ||
| S3 | 6.39 | -14.42% |
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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