PJP Makrum S.A. Stock Forecast

PJP Makrum S.A. stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on May 21, 2024)

PJP.WA Signals & Forecast

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 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 20.42zł. On a fall, the stock will find some support from the short-term average at 20.30zł. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -13.92%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 0.550zł between high and low, or 2.76%. For the last week the stock has had daily average volatility of 3.16%.

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 Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect PJP Makrum S.A. to open at 20.28zł, and during the day (based on 14 day Average True Range), to move between 19.62zł and 21.18zł, which gives a possible trading interval of +/-0.784zł (+/-3.84%) 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 7.69% 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 (1.47%) than the support at 18.00zł (11.76%), 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?

PJP Makrum 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -3.451 Sell Candidate Downgraded

Predicted Opening Price for PJP Makrum S.A. of Wednesday, May 22, 2024

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