Galenica Ag Stock Forecast

Galenica Ag stock price down 0.540% on Friday
(Updated on Jun 28, 2024)

0ROG.L Signals & Forecast

The Galenica Ag stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £74.35. On a fall, the stock will find some support from the long-term average at approximately £73.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, June 24, 2024, and so far it has fallen -2.25%. 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). Galenica 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". The stock had a Golden Star Signal on Wednesday, May 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Galenica Ag stock

Galenica Ag finds support from accumulated volume at £73.15 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 £1.15 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.16%.

Our recommended stop-loss: £70.50 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (0ROG.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Galenica Ag to open at £73.85, and during the day (based on 14 day Average True Range), to move between £72.81 and £74.59, which gives a possible trading interval of +/-£0.89 (+/-1.21%) up or down from last closing price. If Galenica Ag takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £73.73 (0.04%) than the support at £73.15 (0.75%), 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 Galenica Ag stock A Buy?

Galenica 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 Galenica Ag of Monday, July 1, 2024

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