Pragma Inkaso S.A. Stock Forecast

Red day on Friday for Pragma Inkaso S.A. stock after losing 0.210%
(Updated on Jun 14, 2024)

PRI.WA Signals & Forecast

The Pragma Inkaso 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 4.72zł and 4.65zł. A breakdown below any of these levels will issue sell signals. 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 28, 2024, and so far it has fallen -4.23%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, May 27, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Pragma Inkaso S.A. stock

Pragma Inkaso S.A. finds support from accumulated volume at 4.70zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0zł between high and low, or 0%. For the last week the stock has had daily average volatility of 0.298%.

Our recommended stop-loss: 4.49zł (-5.57%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)

Trading Expectations (PRI.WA) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Pragma Inkaso S.A. to open at 4.75zł, and during the day (based on 14 day Average True Range), to move between 4.69zł and 4.81zł, which gives a possible trading interval of +/-0.0587zł (+/-1.24%) up or down from last closing price. If Pragma Inkaso S.A. takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 4.76zł (0.21%) than the support at 4.70zł (1.05%), 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 Pragma Inkaso S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pragma Inkaso S.A. stock to perform well in the short-term.

Current score: 1.935 Buy Candidate Unchanged

Predicted Opening Price for Pragma Inkaso S.A. of Monday, June 17, 2024

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