St. Galler Kantonalbank Ag Stock Forecast
Stronger technical forecast for St. Galler Kantonalbank Ag stock price after Wednesday trading.
(Updated on Jul 03, 2024)
The St. Galler Kantonalbank Ag stock price gained 1.05% on the last trading day (Wednesday, 3rd Jul 2024), rising from 428.50 Fr to 433.00 Fr. During the last trading day the stock fluctuated 0% from a day low at 433.00 Fr to a day high of 433.00 Fr. The price has been going up and down for this period, and there has been a -1.25% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 more shares were traded than the day before. In total, 19 shares were bought and sold for approximately 8.23 Fr thousand.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.51% during the next 3 months and, with a 90% probability hold a price between 375.09 Fr and 385.30 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0QQZ.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 1.05%. Further rise is indicated until a new top pivot has been found. St. Galler Kantonalbank Ag has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 St. Galler Kantonalbank 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 434.36 Fr and 440.72 Fr. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for St. Galler Kantonalbank Ag stock
St. Galler Kantonalbank Ag finds support from accumulated volume at 431.50 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 0 Fr between high and low, or 0%. For the last week the stock has had daily average volatility of 0.115%.
Our recommended stop-loss: 406.60 Fr (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (0QQZ.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect St. Galler Kantonalbank Ag to open at 433.00 Fr, and during the day (based on 14 day Average True Range), to move between 429.01 Fr and 436.99 Fr, which gives a possible trading interval of +/-3.99 Fr (+/-0.92%) up or down from last closing price. If St. Galler Kantonalbank Ag takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 431.50 Fr (0.35%) than the resistance at 437.50 Fr (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is St. Galler Kantonalbank Ag stock A Buy?
St. Galler Kantonalbank 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.456 Hold/Accumulate Upgraded
Predicted Opening Price for St. Galler Kantonalbank Ag of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| 433.00 Fr ( 0%) | 433.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0QQZ.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 433.00 | - |
| R2 | 433.00 | - |
| R1 | 433.00 | - |
| Price | 433.00 | |
| S1 | 433.00 | - |
| S2 | 433.00 | - |
| S3 | 433.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 475.00 | 9.70% |
| R2 | 468.50 | 8.20% |
| R1 | 437.50 | 1.04% |
| Price | 433.00 | |
| S1 | 431.50 | -0.346% |
| S2 | 431.00 | -0.462% |
| S3 | 428.50 | -1.04% |
0QQZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 07, 2024 | 19.00 Fr | 4.12% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | 17.00 Fr | 3.50% |
| 3 | May 05, 2017 | May 05, 2017 | May 05, 2017 | 15.00 Fr | 3.84% |
| 4 | Apr 29, 2016 | Apr 29, 2016 | Apr 29, 2016 | 15.00 Fr | 4.15% |
FAQ
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