Vercom S.A. Stock Forecast

Green day on Friday for Vercom S.A.
(Updated on May 17, 2024)

VRC.WA Signals & Forecast

The Vercom S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 125.50zł and 118.13zł. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Vercom S.A. stock

On the downside, the stock finds support just below today's level from accumulated volume at 115.00zł and 109.50zł. 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, Vercom S.A. finds support just below today's level at 115.00zł. If this is broken, then the next support from accumulated volume will be at 109.50zł and 100.00zł.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 4.00zł between high and low, or 3.17%. For the last week the stock has had daily average volatility of 4.21%.

The Vercom S.A. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 126.33zł (-2.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

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

For the upcoming trading day on Monday, 20th we expect Vercom S.A. to open at 128.67zł, and during the day (based on 14 day Average True Range), to move between 125.83zł and 134.17zł, which gives a possible trading interval of +/-4.17zł (+/-3.21%) up or down from last closing price. If Vercom S.A. takes out the full calculated possible swing range there will be an estimated 6.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 115.00zł, some 15.00zł (11.54%) from the current price of 130.00zł, our system finds the risk reward attractive.

Is Vercom 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 Vercom S.A. stock to perform well in the short-term.

Current score: 2.695 Buy Candidate Unchanged

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

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