ALSO Holding AG Stock Forecast

Green day on Friday for ALSO Holding AG
(Updated on May 17, 2024)

ALSN.SW Signals & Forecast

The ALSO Holding AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 233.86 Fr and 230.84 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.52%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, May 14, 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 ALSO Holding AG stock

ALSO Holding AG finds support from accumulated volume at 240.00 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 8.50 Fr between high and low, or 3.62%. For the last week the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: 229.56 Fr (-5.14%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (ALSN.SW) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect ALSO Holding AG to open at 239.83 Fr, and during the day (based on 14 day Average True Range), to move between 236.61 Fr and 247.39 Fr, which gives a possible trading interval of +/-5.39 Fr (+/-2.23%) up or down from last closing price. If ALSO Holding AG takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 243.50 Fr (0.62%) than the support at 240.00 Fr (0.83%), 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 ALSO Holding AG stock A Buy?

ALSO Holding AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 ALSO Holding AG of Tuesday, May 21, 2024

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