Seco/Warwick S.A. Stock Forecast

Stronger technical forecast for Seco/Warwick S.A. stock price after Friday trading.
(Updated on Jun 14, 2024)

SWG.WA Signals & Forecast

The Seco/Warwick S.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 33.89zł. On a fall, the stock will find some support from the long-term average at approximately 33.59zł. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, May 24, 2024, and so far it has fallen -2.33%. 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 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 33.40zł 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 1.20zł between high and low, or 3.70%. For the last week the stock has had daily average volatility of 0.741%

Our recommended stop-loss: 32.19zł (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

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

For the upcoming trading day on Monday, 17th we expect Seco/Warwick S.A. to open at 33.20zł, and during the day (based on 14 day Average True Range), to move between 33.23zł and 33.97zł, which gives a possible trading interval of +/-0.367zł (+/-1.09%) 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 2.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 33.40zł (0.60%) than the resistance at 34.00zł (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Seco/Warwick 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 Seco/Warwick S.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.636 Buy Candidate Upgraded

Predicted Opening Price for Seco/Warwick S.A. of Monday, June 17, 2024

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