Powszechna Kasa Oszczednosci Bank Polski Stock Forecast

Powszechna Kasa Oszczednosci Bank Polski stock upgraded from Sell Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 31, 2024)

PKO.WA Signals & Forecast

The Powszechna Kasa Oszczednosci Bank Polski stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 58.06zł and 59.05zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 4.14%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Powszechna Kasa Oszczednosci Bank Polski stock

Powszechna Kasa Oszczednosci Bank Polski finds support from accumulated volume at 59.20zł 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 2.40zł (4.16%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: 56.16zł (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (PKO.WA) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna to open at 59.09zł, and during the day (based on 14 day Average True Range), to move between 57.96zł and 60.76zł, which gives a possible trading interval of +/-1.40zł (+/-2.36%) up or down from last closing price. If Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 59.20zł (0.27%) than the resistance at 60.62zł (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna stock A Buy?

Powszechna Kasa Oszczednosci Bank Polski holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 5.158 Strong Buy Candidate Upgraded

Predicted Opening Price for Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna of Monday, June 3, 2024

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