Fabryka Farb i Lakierów Sniezka SA Stock Forecast

Weaker technical forecast for Fabryka Farb i Lakierów Sniezka SA as stock downgraded to Sell Candidate.
(Updated on May 31, 2024)

SKA.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 2.39%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fabryka Farb i Lakierów Sniezka SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 85.83zł and 87.71zł. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Fabryka Farb i Lakierów Sniezka SA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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

Fabryka Farb i Lakierów Sniezka SA finds support from accumulated volume at 84.80zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.400zł between high and low, or 0.468%. For the last week, the stock has had daily average volatility of 1.96%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 3rd we expect Fabryka Farb i Lakierów Sniezka SA to open at 85.60zł, and during the day (based on 14 day Average True Range), to move between 83.22zł and 87.98zł, which gives a possible trading interval of +/-2.38zł (+/-2.78%) 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 5.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 84.80zł (0.93%) than the resistance at 88.20zł (3.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fabryka Farb i Lakierów Sniezka SA stock A Buy?

The Fabryka Farb i Lakierów Sniezka SA stock holds several negative signals and despite the positive trend, we believe Fabryka Farb i Lakierów Sniezka SA will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.033 Sell Candidate Downgraded

Predicted Opening Price for Fabryka Farb i Lakierów Sniezka SA of Monday, June 3, 2024

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