Ascom Holding AG Stock Forecast
Ascom Holding AG stock price ended at 7.65 Fr on Friday, after gaining 0.526%.
(Updated on Jun 28, 2024)
The Ascom Holding AG stock price gained 0.526% on the last trading day (Friday, 28th Jun 2024), rising from 7.61 Fr to 7.65 Fr. During the last trading day the stock fluctuated 3.02% from a day low at 7.61 Fr to a day high of 7.84 Fr. The price has risen in 5 of the last 10 days and is up by 2.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately 220.63 Fr thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.31% during the next 3 months and, with a 90% probability hold a price between 7.07 Fr and 7.89 Fr at the end of this 3-month period.
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ASCN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 2.55%. Further rise is indicated until a new top pivot has been found. Ascom Holding AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ascom Holding AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 7.86 Fr. On a fall, the stock will find some support from the short-term average at 7.64 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ascom Holding AG stock
Ascom Holding AG finds support from accumulated volume at 7.57 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 0.230 Fr (3.02%) between high and low. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASCN.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ascom Holding AG to open at 7.70 Fr, and during the day (based on 14 day Average True Range), to move between 7.41 Fr and 7.89 Fr, which gives a possible trading interval of +/-0.242 Fr (+/-3.16%) up or down from last closing price. If Ascom Holding AG takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 7.57 Fr (1.05%) than the resistance at 7.85 Fr (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ascom Holding AG stock A Buy?
Ascom Holding AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.407 Sell Candidate Unchanged
Predicted Opening Price for Ascom Holding AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 7.70 Fr ( 0.654%) | 7.65 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASCN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.93 | 3.66% |
| R2 | 7.84 | 2.51% |
| R1 | 7.79 | 1.80% |
| Price | 7.65 | |
| S1 | 7.61 | -0.495% |
| S2 | 7.56 | -1.20% |
| S3 | 7.47 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.22 | 7.45% |
| R2 | 7.91 | 3.40% |
| R1 | 7.85 | 2.61% |
| Price | 7.65 | |
| S1 | 7.57 | -1.05% |
| S2 | 7.55 | -1.31% |
| S3 | 7.50 | -1.96% |
ASCN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 22, 2024 | 0.300 Fr | 3.96% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 24, 2023 | 0.200 Fr | 2.29% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 0.200 Fr | 2.03% |
| 4 | Mar 07, 2019 | Apr 12, 2019 | Apr 16, 2019 | 0.450 Fr | 3.16% |
| 5 | Mar 01, 2018 | Apr 13, 2018 | Apr 17, 2018 | 0.450 Fr | 2.18% |
FAQ
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