Wirtualna Polska Holding S.A. Stock Forecast

Stronger technical forecast for Wirtualna Polska Holding S.A. stock price after Friday trading.
(Updated on May 17, 2024)

WPL.WA Signals & Forecast

The Wirtualna Polska Holding 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 122.00zł and 120.77zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.52%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, March 22, 2024.

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 Wirtualna Polska Holding S.A. stock

Wirtualna Polska Holding S.A. finds support from accumulated volume at 125.00zł 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 4.20zł between high and low, or 3.37%. For the last week the stock has had daily average volatility of 3.88%.

Since the Wirtualna Polska Holding S.A. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: 121.15zł (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

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

For the upcoming trading day on Monday, 20th we expect Wirtualna Polska Holding S.A. to open at 127.07zł, and during the day (based on 14 day Average True Range), to move between 123.80zł and 131.80zł, which gives a possible trading interval of +/-4.00zł (+/-3.13%) up or down from last closing price. If Wirtualna Polska Holding S.A. takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 125.00zł, some 2.80zł (2.19%) from the current price of 127.80zł, our system finds the risk reward attractive.

Is Wirtualna Polska Holding S.A. stock A Buy?

Wirtualna Polska Holding S.A. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.391 Strong Buy Candidate Upgraded

Predicted Opening Price for Wirtualna Polska Holding S.A. of Monday, May 20, 2024

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