Zaklad Budowy Maszyn ZREMB - Chojnice Stock Forecast
Zaklad Budowy Maszyn ZREMB - Chojnice stock price up 1.38% on Tuesday
(Updated on Jun 25, 2024)
The Zaklad Budowy Maszyn ZREMB - Chojnice stock price gained 1.38% on the last trading day (Tuesday, 25th Jun 2024), rising from 4.35zł to 4.41zł. During the last trading day the stock fluctuated 6.79% from a day low at 4.20zł to a day high of 4.48zł. The price has been going up and down for this period, and there has been a 8.35% gain for the last 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 25 thousand shares were bought and sold for approximately 109.59zł 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 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 13.28% during the next 3 months and, with a 90% probability hold a price between 4.72zł and 5.65zł at the end of this 3-month period.
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ZRE.WA Signals & Forecast
The Zaklad Budowy Maszyn ZREMB - Chojnice stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 4.28zł and 4.29zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 8.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Zaklad Budowy Maszyn ZREMB - Chojnice stock
Zaklad Budowy Maszyn ZREMB - Chojnice finds support from accumulated volume at 4.34zł 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 0.285zł between high and low, or 6.79%. For the last week the stock has had daily average volatility of 5.44%.
Our recommended stop-loss: 4.18zł (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (ZRE.WA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna to open at 4.36zł, and during the day (based on 14 day Average True Range), to move between 4.16zł and 4.66zł, which gives a possible trading interval of +/-0.246zł (+/-5.59%) up or down from last closing price. If Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.44zł (0.68%) than the support at 4.34zł (1.59%), 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna stock A Buy?
Zaklad Budowy Maszyn ZREMB - Chojnice holds several positive signals and is within a strong 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.
Current score: 5.940 Strong Buy Candidate Unchanged
Predicted Opening Price for Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 4.36zł ( 1.10%) | 4.41zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZRE.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.65 | 5.37% |
| R2 | 4.54 | 2.90% |
| R1 | 4.47 | 1.37% |
| Price | 4.41 | |
| S1 | 4.25 | -3.56% |
| S2 | 4.19 | -5.09% |
| S3 | 4.08 | -7.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.78 | 8.39% |
| R2 | 4.73 | 7.26% |
| R1 | 4.44 | 0.680% |
| Price | 4.41 | |
| S1 | 4.34 | -1.59% |
| S2 | 4.26 | -3.51% |
| S3 | 4.19 | -4.99% |
FAQ
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