PJP Makrum S.A. Stock Forecast
PJP Makrum S.A. stock price up 1.04% on Thursday
(Updated on May 02, 2024)
The PJP Makrum S.A. stock price gained 1.04% on the last trading day (Thursday, 2nd May 2024), rising from 19.30zł to 19.50zł. 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 1.30% from a day low at 19.25zł to a day high of 19.50zł. The price has risen in 5 of the last 10 days but is still down by -7.14% for this period. Volume fell on the last day by -339 shares and in total, 81 shares were bought and sold for approximately 1.58zł thousand. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 19.05zł is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.53% during the next 3 months and, with a 90% probability hold a price between 23.72zł and 31.26zł at the end of this 3-month period.
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PJP.WA Signals & Forecast
There are few to no technical positive signals at the moment. The PJP Makrum 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 19.86zł. On a fall, the stock will find some support from the short-term average at 19.44zł. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -17.72%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PJP Makrum S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 18.00zł and 17.70zł. 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, PJP Makrum S.A. finds support just below today's level at 18.00zł. If this is broken, then the next support from accumulated volume will be at 17.70zł and 16.50zł.
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 0.250zł between high and low, or 1.30%. For the last week the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PJP.WA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect PJP Makrum S.A. to open at 19.42zł, and during the day (based on 14 day Average True Range), to move between 18.51zł and 20.49zł, which gives a possible trading interval of +/-0.99zł (+/-5.08%) up or down from last closing price. If PJP Makrum S.A. takes out the full calculated possible swing range there will be an estimated 10.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 20.70zł (6.15%) than the support at 18.00zł (7.69%), 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 PJP Makrum S.A. stock A Buy?
The PJP Makrum S.A. stock holds several negative signals and despite the positive trend, we believe PJP Makrum S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.593 Sell Candidate Unchanged
Predicted Opening Price for PJP Makrum S.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 19.42zł ( 0.427%) | 19.50zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PJP.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.67 | 0.85 % | |
| R2 | 19.57 | 0.365 % | ||
| R1 | 19.51 | 0.0624 % | ||
| Current price: | 19.50 | |||
| Support | S1 | 19.32 | -0.92 % | |
| S2 | 19.26 | -1.22 % | ||
| S3 | 19.17 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.70 | 21.54 % | |
| R2 | 21.40 | 9.74 % | ||
| R1 | 20.70 | 6.15 % | ||
| Current price | 19.50 | |||
| Support | S1 | 18.00 | -7.69% | |
| S2 | 17.70 | -9.23% | ||
| S3 | 16.50 | -15.38% |
PJP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 11, 2023 | Aug 11, 2023 | Aug 11, 2023 | 0.510zł | 3.95% |
| 2 | Sep 27, 2021 | Sep 27, 2021 | Sep 27, 2021 | 0.340zł | 2.31% |
| 3 | Sep 28, 2020 | Sep 28, 2020 | Sep 28, 2020 | 0.600zł | 3.56% |
| 4 | Sep 11, 2019 | Sep 11, 2019 | Sep 11, 2019 | 0.600zł | 3.82% |
| 5 | Aug 27, 2018 | Aug 27, 2018 | Aug 27, 2018 | 1.10zł | 5.47% |
FAQ
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