ALSO Holding AG Stock Forecast

ALSO Holding AG stock price down 0.552% on Monday
(Updated on Jun 17, 2024)

ALSN.SW Signals & Forecast

The ALSO Holding 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 272.64 Fr. On a fall, the stock will find some support from the long-term average at approximately 249.34 Fr. 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 Wednesday, June 12, 2024, and so far it has fallen -2.70%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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 262.00 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 7.50 Fr between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 2.08%.

Our recommended stop-loss: 257.76 Fr (-4.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (ALSN.SW) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect ALSO Holding AG to open at 270.50 Fr, and during the day (based on 14 day Average True Range), to move between 264.62 Fr and 275.38 Fr, which gives a possible trading interval of +/-5.38 Fr (+/-1.99%) up or down from last closing price. If ALSO Holding AG takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 270.50 Fr (0.19%) than the support at 262.00 Fr (2.96%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ALSO Holding AG stock to perform well in the short-term.

Current score: 1.607 Buy Candidate Unchanged

Predicted Opening Price for ALSO Holding AG of Tuesday, June 18, 2024

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