XTB S.A. Stock Forecast
XTB S.A. stock downgraded to Buy Candidate
(Updated on Jun 28, 2024)
The XTB S.A. stock price fell by -0.362% on the last day (Friday, 28th Jun 2024) from 71.90zł to 71.64zł. During the last trading day the stock fluctuated 2.06% from a day low at 70.98zł to a day high of 72.44zł. The price has risen in 6 of the last 10 days and is up by 7.63% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -80 thousand shares and in total, 212 thousand shares were bought and sold for approximately 15.20zł million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.76% during the next 3 months and, with a 90% probability hold a price between 84.47zł and 99.55zł at the end of this 3-month period.
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XTB.WA Signals & Forecast
The XTB 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 71.12zł and 69.83zł. 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 Friday, May 24, 2024, and so far it has fallen -4.58%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for XTB S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 66.10zł and 60.26zł. 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, XTB S.A. finds support just below today's level at 66.10zł. If this is broken, then the next support from accumulated volume will be at 60.26zł and 57.76zł.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.46zł between high and low, or 2.06%. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: 67.78zł (-5.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (XTB.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect XTB S.A. to open at 71.69zł, and during the day (based on 14 day Average True Range), to move between 69.45zł and 73.83zł, which gives a possible trading interval of +/-2.19zł (+/-3.06%) up or down from last closing price. If XTB S.A. takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 72.00zł (0.50%) than the support at 66.10zł (7.73%), 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 XTB 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 XTB S.A. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.354 Buy Candidate Downgraded
Predicted Opening Price for XTB S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 71.69zł ( 0.0651%) | 71.64zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XTB.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 73.15 | 2.10% |
| R2 | 72.59 | 1.32% |
| R1 | 72.24 | 0.84% |
| Price | 71.64 | |
| S1 | 71.13 | -0.713% |
| S2 | 70.78 | -1.19% |
| S3 | 70.23 | -1.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.06 | 3.38% |
| R2 | 72.96 | 1.84% |
| R1 | 72.00 | 0.503% |
| Price | 71.64 | |
| S1 | 66.10 | -7.73% |
| S2 | 60.26 | -15.88% |
| S3 | 57.76 | -19.37% |
XTB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 20, 2024 | 5.02zł | 7.09% |
| 2 | May 31, 2024 | May 31, 2024 | Jun 20, 2024 | 5.02zł | 7.09% |
| 3 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | 4.86zł | 12.46% |
| 4 | May 04, 2022 | May 04, 2022 | May 04, 2022 | 1.50zł | 7.92% |
| 5 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | 1.79zł | 10.74% |
FAQ
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