Wasko S.A. Stock Forecast
Wasko S.A. stock upgraded from Strong Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Wasko S.A. stock price gained 2.34% on the last trading day (Wednesday, 26th Jun 2024), rising from 1.71zł to 1.75zł. During the last trading day the stock fluctuated 0.86% from a day low at 1.75zł to a day high of 1.77zł. The price has fallen in 5 of the last 10 days and is down by -3.58% for this period. Volume fell on the last day by -27 thousand shares and in total, 1 thousand shares were bought and sold for approximately 2.20zł thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 1.70zł is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.30% during the next 3 months and, with a 90% probability hold a price between 1.96zł and 2.27zł at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WAS.WA Signals & Forecast
Mostly positive signals in the chart today. Some may claim that when the sun shines too bright there is rain ahead, but you should always take into consideration the time of the year.
Support, Risk & Stop-loss for Wasko S.A. stock
Wasko S.A. finds support from accumulated volume at 1.73zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.0150zł between high and low, or 0.86%. For the last week the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: 1.65zł (-5.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (WAS.WA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Wasko S.A. to open at 1.76zł, and during the day (based on 14 day Average True Range), to move between 1.69zł and 1.81zł, which gives a possible trading interval of +/-0.0593zł (+/-3.39%) up or down from last closing price. If Wasko S.A. takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 1.76zł (0.57%) than the support at 1.73zł (1.14%), 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 Wasko S.A. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 2.098 Buy Candidate Upgraded
Predicted Opening Price for Wasko S.A. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 1.76zł ( 0.286%) | 1.75zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAS.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.77 | 1.14% |
| R2 | 1.76 | 0.82% |
| R1 | 1.76 | 0.613% |
| Price | 1.75 | |
| S1 | 1.75 | -0.0417% |
| S2 | 1.75 | -0.244% |
| S3 | 1.74 | -0.571% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.86 | 6.29% |
| R2 | 1.79 | 2.00% |
| R1 | 1.76 | 0.571% |
| Price | 1.75 | |
| S1 | 1.73 | -1.14% |
| S2 | 1.73 | -1.43% |
| S3 | 1.60 | -8.57% |
WAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 09, 2024 | 0.0300zł | 1.71% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | 0.0700zł | 4.40% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | 0.100zł | 5.49% |
| 4 | Jul 19, 2021 | Jul 19, 2021 | Jul 19, 2021 | 0.0400zł | 2.35% |
| 5 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | 0.0200zł | 1.36% |
FAQ
Click here for our free guide on how to buy Wasko S.A. Stock.
