Polski Koncern Naftowy ORLEN Spólka Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Polski Koncern Naftowy ORLEN Spólka as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)
The Polski Koncern Naftowy ORLEN Spólka stock price fell by -0.411% on the last day (Friday, 21st Jun 2024) from 65.75zł to 65.48zł. During the last trading day the stock fluctuated 1.53% from a day low at 65.20zł to a day high of 66.20zł. The price has risen in 6 of the last 10 days and is up by 3.79% over the past 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately 370.02zł million.
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 -3.68% during the next 3 months and, with a 90% probability hold a price between 59.70zł and 69.28zł at the end of this 3-month period.
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PKN.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 5.19%. 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 Polski Koncern Naftowy ORLEN Spólka 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 66.14zł. On a fall, the stock will find some support from the short-term average at 64.49zł. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Polski Koncern Naftowy ORLEN Spólka stock
Polski Koncern Naftowy ORLEN Spólka finds support from accumulated volume at 65.19zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.00zł (1.53%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PKN.WA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Polski Koncern Naftowy ORLEN Spólka Akcyjna to open at 65.63zł, and during the day (based on 14 day Average True Range), to move between 64.09zł and 66.87zł, which gives a possible trading interval of +/-1.39zł (+/-2.12%) up or down from last closing price. If Polski Koncern Naftowy ORLEN Spólka Akcyjna takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 65.19zł (0.44%) than the resistance at 66.18zł (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Polski Koncern Naftowy ORLEN Spólka Akcyjna stock A Buy?
Polski Koncern Naftowy ORLEN Spólka 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 Hold/Accumulate to a Sell candidate.
Current score: -1.365 Sell Candidate Downgraded
Predicted Opening Price for Polski Koncern Naftowy ORLEN Spólka Akcyjna of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 65.63zł ( 0.224%) | 65.48zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKN.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.63 | 1.75% |
| R2 | 66.24 | 1.17% |
| R1 | 66.01 | 0.81% |
| Price | 65.48 | |
| S1 | 65.24 | -0.359% |
| S2 | 65.01 | -0.720% |
| S3 | 64.63 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.12 | 5.56% |
| R2 | 66.93 | 2.21% |
| R1 | 66.18 | 1.07% |
| Price | 65.48 | |
| S1 | 65.19 | -0.443% |
| S2 | 63.57 | -2.92% |
| S3 | 63.25 | -3.41% |
PKN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2024 | Sep 19, 2024 | Dec 20, 2024 | 4.15zł | 6.32% |
| 2 | Aug 09, 2023 | Aug 09, 2023 | Aug 09, 2023 | 5.50zł | 8.48% |
| 3 | Aug 09, 2022 | Aug 09, 2022 | Aug 09, 2022 | 3.50zł | 4.97% |
| 4 | Jul 26, 2022 | Jul 26, 2022 | Jul 26, 2022 | 3.50zł | 4.70% |
| 5 | Jul 21, 2021 | Jul 21, 2021 | Jul 21, 2021 | 3.50zł | 4.97% |
FAQ
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