Unimot S.A. Stock Forecast

Unimot S.A. stock price up 0.308% on Friday
(Updated on May 17, 2024)

UNT.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.308%. 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 Unimot 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 131.94zł and 133.15zł. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Friday, October 27, 2023 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 Unimot S.A. stock

Unimot S.A. finds support from accumulated volume at 130.00zł 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 4.00zł between high and low, or 3.14%. For the last week the stock has had daily average volatility of 2.89%

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

Trading Expectations (UNT.WA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Unimot S.A. to open at 129.60zł, and during the day (based on 14 day Average True Range), to move between 126.64zł and 134.16zł, which gives a possible trading interval of +/-3.76zł (+/-2.88%) up or down from last closing price. If Unimot S.A. takes out the full calculated possible swing range there will be an estimated 5.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 130.00zł (0.31%) than the resistance at 131.60zł (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Unimot S.A. stock A Buy?

Unimot S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.725 Sell Candidate Unchanged

Predicted Opening Price for Unimot S.A. of Monday, May 20, 2024

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