Zaklady Azotowe Pulawy S.A. Stock Forecast

Red day on Friday for Zaklady Azotowe Pulawy S.A. stock after losing 0%
(Updated on Jun 28, 2024)

ZAP.WA Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zaklady Azotowe Pulawy S.A. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 58.85zł. On a fall, the stock will find some support from the short-term average at 57.14zł. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Zaklady Azotowe Pulawy S.A. stock

Zaklady Azotowe Pulawy S.A. finds support from accumulated volume at 58.00zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.40zł (2.46%) between high and low. For the last week, the stock has had daily average volatility of 3.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZAP.WA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Zaklady Azotowe Pulawy S.A. to open at 57.73zł, and during the day (based on 14 day Average True Range), to move between 56.73zł and 59.67zł, which gives a possible trading interval of +/-1.47zł (+/-2.53%) up or down from last closing price. If Zaklady Azotowe Pulawy S.A. takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 58.00zł (0.34%) than the resistance at 58.60zł (0.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zaklady Azotowe Pulawy S.A. stock A Buy?

Zaklady Azotowe Pulawy S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.490 Sell Candidate Unchanged

Predicted Opening Price for Zaklady Azotowe Pulawy S.A. of Monday, July 1, 2024

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