Adecco Group AG Stock Forecast
Adecco Group AG stock price ended at 31.10 Fr on Friday, after losing 2.99%.
(Updated on Jun 14, 2024)
The Adecco Group AG stock price fell by -2.99% on the last day (Friday, 14th Jun 2024) from 32.06 Fr to 31.10 Fr. During the last trading day the stock fluctuated 3.83% from a day low at 30.82 Fr to a day high of 32.00 Fr. The price has fallen in 8 of the last 10 days and is down by -8.9% for this period. Volume has increased on the last day by 141 thousand 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, 714 thousand shares were bought and sold for approximately 22.20 Fr million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 30.00 Fr is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.04% during the next 3 months and, with a 90% probability hold a price between 29.39 Fr and 35.45 Fr at the end of this 3-month period.
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ADEN.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Adecco Group 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 32.55 Fr and 33.75 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, May 16, 2024, and so far it has fallen -14.65%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Adecco Group AG stock
Adecco Group AG finds support from accumulated volume at 30.66 Fr 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.18 Fr between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 2.58%.
Adecco Group AG is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADEN.SW) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Adecco Group AG to open at 31.31 Fr, and during the day (based on 14 day Average True Range), to move between 30.36 Fr and 31.84 Fr, which gives a possible trading interval of +/-0.738 Fr (+/-2.37%) up or down from last closing price. If Adecco Group AG takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 31.34 Fr (0.77%) than the support at 30.66 Fr (1.41%), 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 Adecco Group AG stock A Buy?
Adecco Group AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.701 Sell Candidate Unchanged
Predicted Opening Price for Adecco Group AG of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 31.31 Fr ( 0.665%) | 31.10 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADEN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.49 | 4.46% |
| R2 | 32.04 | 3.01% |
| R1 | 31.76 | 2.11% |
| Price | 31.10 | |
| S1 | 30.86 | -0.785% |
| S2 | 30.58 | -1.68% |
| S3 | 30.13 | -3.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.67 | 14.69% |
| R2 | 34.46 | 10.80% |
| R1 | 31.34 | 0.772% |
| Price | 31.10 | |
| S1 | 30.66 | -1.41% |
| S2 | 30.50 | -1.93% |
| S3 | 0 | - |
ADEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 16, 2024 | Apr 18, 2024 | 2.50 Fr | 7.98% |
| 2 | Apr 18, 2023 | Apr 18, 2023 | Apr 20, 2023 | 2.50 Fr | 8.21% |
| 3 | Apr 14, 2023 | Apr 14, 2023 | Apr 20, 2023 | 1.85 Fr | 6.07% |
| 4 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 2.50 Fr | 6.53% |
| 5 | Apr 14, 2021 | Apr 14, 2021 | Apr 14, 2021 | 2.50 Fr | 3.91% |
FAQ
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