Alcon Inc. Stock Forecast
Alcon Inc. stock price down 0.92% on Thursday
(Updated on Apr 25, 2024)
The Alcon Inc. stock price fell by -0.92% on the last day (Thursday, 25th Apr 2024) from $79.57 to $78.84. During the last trading day the stock fluctuated 1.28% from a day low at $78.00 to a day high of $79.00. The price has fallen in 7 of the last 10 days and is down by -4.22% for this period. Volume has increased on the last day by 34 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, 887 thousand shares were bought and sold for approximately $69.96 million.
The stock has broken the wide 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 $78.92. A reaction back to this level may hold a second chance to get out before further falls.
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ALC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.472%. 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. The Alcon Inc. 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 $79.54 and $83.08. 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). 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 Alcon Inc. stock
Alcon Inc. finds support from accumulated volume at $76.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.00 (1.28%) between high and low. For the last week, the stock has had daily average volatility of 1.08%.
Alcon Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Alcon Inc. to open at $78.61, and during the day (based on 14 day Average True Range), to move between $77.58 and $80.10, which gives a possible trading interval of +/-$1.26 (+/-1.60%) up or down from last closing price. If Alcon Inc. takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $76.86 (2.51%) than the resistance at $85.69 (8.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alcon Inc. stock A Buy?
The Alcon Inc. stock holds several negative signals and despite the positive trend, we believe Alcon Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.120 Sell Candidate Unchanged
Predicted Opening Price for Alcon Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $78.61 ( 0.290%) | $78.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.61 | 0.97 % | |
| R2 | 79.23 | 0.490 % | ||
| R1 | 78.99 | 0.192 % | ||
| Current price: | 78.84 | |||
| Support | S1 | 78.23 | -0.772 % | |
| S2 | 78.00 | -1.07 % | ||
| S3 | 77.62 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.33 | 10.77 % | |
| R2 | 85.92 | 8.98 % | ||
| R1 | 85.69 | 8.69 % | ||
| Current price | 78.84 | |||
| Support | S1 | 76.86 | -2.51% | |
| S2 | 76.08 | -3.50% | ||
| S3 | 76.00 | -3.60% |
ALC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 16, 2024 | $0.265 | 0.337% |
| 2 | May 10, 2024 | May 10, 2024 | May 10, 2024 | $0 | 0% |
| 3 | Mar 02, 2023 | May 10, 2023 | May 12, 2023 | $0.236 | 0.297% |
| 4 | Apr 23, 2022 | May 03, 2022 | May 03, 2022 | $0.205 | 0.289% |
| 5 | May 03, 2021 | May 04, 2021 | May 06, 2021 | $0.110 | 0.158% |
FAQ
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