Selvita S.A. Stock Forecast
Selvita S.A. stock price down 0.302% on Friday
(Updated on May 31, 2024)
The Selvita S.A. stock price fell by -0.302% on the last day (Friday, 31st May 2024) from 66.20zł to 66.00zł. During the last trading day the stock fluctuated 2.45% from a day low at 65.20zł to a day high of 66.80zł. The price has fallen in 5 of the last 10 days and is down by -5.04% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -967 shares and in total, 2 thousand shares were bought and sold for approximately 141.70zł thousand.
Given the current short-term trend, the stock is expected to rise 16.93% during the next 3 months and, with a 90% probability hold a price between 77.17zł and 85.23zł at the end of this 3-month period.
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SLV.WA Signals & Forecast
There are few to no technical positive signals at the moment. The Selvita S.A. 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 68.49zł and 69.27zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -8.33%. 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.
Support, Risk & Stop-loss for Selvita S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 62.60zł and 62.40zł. 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, Selvita S.A. finds support just below today's level at 62.60zł. If this is broken, then the next support from accumulated volume will be at 62.40zł and 60.60zł.
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 1.60zł between high and low, or 2.45%. For the last week the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: 63.03zł (-4.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (SLV.WA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Selvita S.A. to open at 66.00zł, and during the day (based on 14 day Average True Range), to move between 63.68zł and 68.32zł, which gives a possible trading interval of +/-2.32zł (+/-3.51%) up or down from last closing price. If Selvita S.A. takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 69.20zł (4.85%) than the support at 62.60zł (5.15%), 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 Selvita S.A. stock A Buy?
Selvita S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.499 Hold/Accumulate Unchanged
Predicted Opening Price for Selvita S.A. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
66.00zł ( 0%) | 66.00zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLV.WA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 67.60 | 2.42 % | |
R2 | 66.99 | 1.50 % | ||
R1 | 66.61 | 0.93 % | ||
Current price: | 66.00 | |||
Support | S1 | 65.39 | -0.93 % | |
S2 | 65.01 | -1.50 % | ||
S3 | 64.40 | -2.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 72.00 | 9.09 % | |
R2 | 70.00 | 6.06 % | ||
R1 | 69.20 | 4.85 % | ||
Current price | 66.00 | |||
Support | S1 | 62.60 | -5.15% | |
S2 | 62.40 | -5.45% | ||
S3 | 60.60 | -8.18% |
FAQ
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