ALSO Holding AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for ALSO Holding AG as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The ALSO Holding AG stock price fell by -0.91% on the last day (Tuesday, 25th Jun 2024) from 276.00 Fr to 273.50 Fr. During the last trading day the stock fluctuated 1.83% from a day low at 273.00 Fr to a day high of 278.00 Fr. The price has fallen in 6 of the last 10 days and is down by -0.18% for this period. Volume has increased on the last day by 4 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, 9 thousand shares were bought and sold for approximately 2.50 Fr million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.45% during the next 3 months and, with a 90% probability hold a price between 321.21 Fr and 350.66 Fr at the end of this 3-month period.
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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 273.86 Fr. On a fall, the stock will find some support from the long-term average at approximately 257.31 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 Thursday, June 20, 2024, and so far it has fallen -1.97%. 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. 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.
Golden Star
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 272.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 5.00 Fr (1.83%) between high and low. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: 263.36 Fr (-3.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (ALSN.SW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ALSO Holding AG to open at 274.83 Fr, and during the day (based on 14 day Average True Range), to move between 267.99 Fr and 279.01 Fr, which gives a possible trading interval of +/-5.51 Fr (+/-2.01%) up or down from last closing price. If ALSO Holding AG takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 274.00 Fr (0.18%) than the support at 272.00 Fr (0.55%), 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.700 Hold/Accumulate Downgraded
Predicted Opening Price for ALSO Holding AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 274.83 Fr ( 0.488%) | 273.50 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALSN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 279.83 | 2.32% |
| R2 | 277.92 | 1.62% |
| R1 | 276.74 | 1.19% |
| Price | 273.50 | |
| S1 | 272.92 | -0.211% |
| S2 | 271.74 | -0.642% |
| S3 | 269.83 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 279.00 | 2.01% |
| R2 | 277.50 | 1.46% |
| R1 | 274.00 | 0.183% |
| Price | 273.50 | |
| S1 | 272.00 | -0.548% |
| S2 | 262.00 | -4.20% |
| S3 | 233.50 | -14.63% |
ALSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 27, 2024 | 4.80 Fr | 2.04% |
| 2 | Mar 21, 2023 | Mar 21, 2023 | Mar 23, 2023 | 0.89 Fr | 0.484% |
| 3 | Mar 22, 2022 | Mar 22, 2022 | Mar 22, 2022 | 4.30 Fr | 1.74% |
| 4 | Mar 19, 2021 | Mar 19, 2021 | Mar 19, 2021 | 3.75 Fr | 1.43% |
| 5 | Feb 26, 2020 | Mar 26, 2020 | Mar 30, 2020 | 3.25 Fr | 2.18% |
FAQ
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