Seco/Warwick S.A. Stock Forecast

Red day on Tuesday for Seco/Warwick S.A. stock after losing 0%
(Updated on Jun 25, 2024)

SWG.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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 Seco/Warwick 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 33.43zł and 33.83zł. 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). 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.

Support, Risk & Stop-loss for Seco/Warwick S.A. stock

Seco/Warwick S.A. finds support from accumulated volume at 32.40zł 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 very controlled movements and therefore the general risk is considered very 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%

Our recommended stop-loss: 31.02zł (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (SWG.WA) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Seco/Warwick S.A. to open at 33.00zł, and during the day (based on 14 day Average True Range), to move between 32.67zł and 33.33zł, which gives a possible trading interval of +/-0.331zł (+/-1.00%) up or down from last closing price. If Seco/Warwick S.A. takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 33.40zł (1.21%) than the support at 32.40zł (1.82%), 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 Seco/Warwick S.A. stock A Buy?

Seco/Warwick 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: -0.985 Hold/Accumulate Unchanged

Predicted Opening Price for Seco/Warwick S.A. of Wednesday, June 26, 2024

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