Fabryka Farb i Lakierów Sniezka SA Stock Forecast

Fabryka Farb i Lakierów Sniezka SA stock price ended at 90.00zł on Thursday, after losing 0%.
(Updated on May 09, 2024)

SKA.WA Signals & Forecast

The Fabryka Farb i Lakierów Sniezka SA 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 89.54zł and 85.63zł. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -1.10%. 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. The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the long-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 Fabryka Farb i Lakierów Sniezka SA stock

On the downside, the stock finds support just below today's level from accumulated volume at 82.40zł and 81.40zł. 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, Fabryka Farb i Lakierów Sniezka SA finds support just below today's level at 82.40zł. If this is broken, then the next support from accumulated volume will be at 81.40zł and 81.00zł.

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 1.40zł between high and low, or 1.56%. For the last week the stock has had daily average volatility of 2.26%.

Our recommended stop-loss: 86.26zł (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SKA.WA) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Fabryka Farb i Lakierów Sniezka SA to open at 90.20zł, and during the day (based on 14 day Average True Range), to move between 87.68zł and 92.32zł, which gives a possible trading interval of +/-2.32zł (+/-2.57%) up or down from last closing price. If Fabryka Farb i Lakierów Sniezka SA takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 91.00zł (1.11%) than the support at 82.40zł (8.44%), 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 Fabryka Farb i Lakierów Sniezka SA 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 Fabryka Farb i Lakierów Sniezka SA stock to perform well in the short-term.

Current score: 1.172 Buy Candidate Unchanged

Predicted Opening Price for Fabryka Farb i Lakierów Sniezka SA of Friday, May 10, 2024

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