Chocoladefabriken Lindt & Sprüngli Ag Stock Forecast
Chocoladefabriken Lindt & Sprüngli Ag stock price down 2.81% on Friday
(Updated on Jun 28, 2024)
The Chocoladefabriken Lindt & Sprüngli Ag stock price fell by -2.81% on the last day (Friday, 28th Jun 2024) from 106,800.00 Fr to 103,800.00 Fr. During the last trading day the stock fluctuated 0.97% from a day low at 103,000.00 Fr to a day high of 104,000.00 Fr. The price has fallen in 4 of the last 10 days and is down by -3.89% for this period. Volume has increased on the last day by 2 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 shares were bought and sold for approximately 207.60 Fr thousand.
The stock has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 106,423.56 Fr. A reaction back to this level may hold a second chance to get out before further falls.
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0QKN.L Signals & Forecast
There are few to no technical positive signals at the moment. The Chocoladefabriken Lindt & Sprüngli Ag stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 106,971.43 Fr and 107,160.00 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -4.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Chocoladefabriken Lindt & Sprüngli Ag gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Chocoladefabriken Lindt & Sprüngli Ag stock
Chocoladefabriken Lindt & Sprüngli Ag finds support from accumulated volume at 103,600.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1,000.00 Fr between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.642%.
Our recommended stop-loss: 98,091.00 Fr (-5.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (0QKN.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Chocoladefabriken Lindt & Sprüngli Ag to open at 103,600.00 Fr, and during the day (based on 14 day Average True Range), to move between 102,514.84 Fr and 105,085.16 Fr, which gives a possible trading interval of +/-1,285.16 Fr (+/-1.24%) up or down from last closing price. If Chocoladefabriken Lindt & Sprüngli Ag takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 103,600.00 Fr (0.19%) than the resistance at 104,199.22 Fr (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Chocoladefabriken Lindt & Sprüngli Ag stock A Buy?
Chocoladefabriken Lindt & Sprüngli Ag holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Chocoladefabriken Lindt & Sprüngli Ag of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 103,600.00 Fr ( 0.193%) | 103,800.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0QKN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104,600.00 | 0.771% |
| R2 | 104,218.00 | 0.403% |
| R1 | 103,982.00 | 0.175% |
| Price | 103,800.00 | |
| S1 | 103,218.00 | -0.561% |
| S2 | 102,982.00 | -0.788% |
| S3 | 102,600.00 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106,600.00 | 2.70% |
| R2 | 105,800.00 | 1.93% |
| R1 | 104,199.22 | 0.385% |
| Price | 103,800.00 | |
| S1 | 103,600.00 | -0.193% |
| S2 | 103,200.00 | -0.578% |
| S3 | 102,817.91 | -0.95% |
0QKN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 25, 2024 | 1,400.00 Fr | 1.33% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 1,300.00 Fr | 1.16% |
| 3 | Apr 24, 2017 | Apr 24, 2017 | Apr 24, 2017 | 880.00 Fr | 1.37% |
| 4 | Apr 25, 2016 | Apr 25, 2016 | Apr 25, 2016 | 800.00 Fr | 1.10% |
| 5 | Apr 28, 2015 | Apr 28, 2015 | Apr 28, 2015 | 725.00 Fr | 1.17% |
FAQ
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