Termo-Rex S.A. Stock Forecast
Termo-Rex S.A. stock downgraded to Sell Candidate
(Updated on Jun 26, 2024)
No changes to the price of Termo-Rex S.A. stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at 0.700zł to a day high of 0.700zł. The price has been going up and down for this period, and there has been a -2.1% loss for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.37% during the next 3 months and, with a 90% probability hold a price between 0.671zł and 0.775zł at the end of this 3-month period.
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TRR.WA Signals & Forecast
There are few to no technical positive signals at the moment. The Termo-Rex S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 0.707zł and 0.706zł. 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 -5.41%. 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 Termo-Rex S.A. stock
Termo-Rex S.A. finds support from accumulated volume at 0.695zł 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: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TRR.WA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Termo-Rex S.A. to open at 0.700zł, and during the day (based on 14 day Average True Range), to move between 0.694zł and 0.706zł, which gives a possible trading interval of +/-0.0064zł (+/-0.91%) up or down from last closing price. If Termo-Rex S.A. takes out the full calculated possible swing range there will be an estimated 1.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.695zł (0.71%) than the resistance at 0.710zł (1.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Termo-Rex S.A. stock A Buy?
The Termo-Rex S.A. stock holds several negative signals and despite the positive trend, we believe Termo-Rex S.A. 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: -2.939 Sell Candidate Downgraded
Predicted Opening Price for Termo-Rex S.A. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
0.700zł ( 0.00000000%) | 0.700zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRR.WA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.700 | 0.00000000% |
R2 | 0.700 | 0.00000000% |
R1 | 0.700 | 0.00000000% |
Price | 0.700 | |
S1 | 0.700 | 0.00000000% |
S2 | 0.700 | 0.00000000% |
S3 | 0.700 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.740 | 5.71% |
R2 | 0.715 | 2.14% |
R1 | 0.710 | 1.43% |
Price | 0.700 | |
S1 | 0.695 | -0.714% |
S2 | 0.685 | -2.14% |
S3 | 0.630 | -10.00% |
FAQ
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