Wikana S.A. Stock Forecast

Wikana S.A. stock price ended at 8.80zł on Monday, after gaining 0.571%.
(Updated on May 20, 2024)

WIK.WA Signals & Forecast

Mostly positive signals in the chart today. The Wikana 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 8.27zł and 7.41zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 77.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Wikana S.A. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

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

Wikana S.A. finds support from accumulated volume at 8.75zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.0500zł between high and low, or 0.571%. For the last week, the stock has had daily average volatility of 2.98%.

Our recommended stop-loss: 8.51zł (-3.32%) (This stock has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 69 days ago.)

Trading Expectations (WIK.WA) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Wikana S.A. to open at 8.78zł, and during the day (based on 14 day Average True Range), to move between 8.53zł and 9.07zł, which gives a possible trading interval of +/-0.272zł (+/-3.09%) up or down from last closing price. If Wikana S.A. takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 8.75zł, some 0.0500zł (0.57%) from the current price of 8.80zł, our system finds the risk reward attractive.

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

Current score: 4.898 Buy Candidate Unchanged

Predicted Opening Price for Wikana S.A. of Tuesday, May 21, 2024

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