Avolta Ag Stock Forecast
Evaluation of Avolta Ag stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Avolta Ag stock price fell by -0.87% on the last day (Tuesday, 25th Jun 2024) from 36.60 Fr to 36.28 Fr. During the last trading day the stock fluctuated 2.96% from a day low at 35.76 Fr to a day high of 36.82 Fr. The price has been going up and down for this period, and there has been a 0.28% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -33 thousand shares and in total, 196 thousand shares were bought and sold for approximately 7.13 Fr million.
The stock has broken the narrow 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 36.49 Fr. A reaction back to this level may hold a second chance to get out before further falls.
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AVOL.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Avolta Ag stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 36.73 Fr and 36.38 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.58%. 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.
A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -0.95% to 35.93 Fr within 7 trading days since signal was issued (Friday, June 21, 2024).
Support, Risk & Stop-loss for Avolta Ag stock
Avolta Ag finds support from accumulated volume at 36.18 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 1.06 Fr between high and low, or 2.96%. For the last week the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: 34.64 Fr (-4.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (AVOL.SW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Avolta Ag to open at 36.29 Fr, and during the day (based on 14 day Average True Range), to move between 35.41 Fr and 37.15 Fr, which gives a possible trading interval of +/-0.87 Fr (+/-2.39%) up or down from last closing price. If Avolta Ag takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 36.34 Fr (0.17%) than the support at 36.18 Fr (0.28%), 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 Avolta Ag stock A Buy?
Avolta 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: -0.750 Hold/Accumulate Downgraded
Predicted Opening Price for Avolta Ag of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 36.29 Fr ( 0.0184%) | 36.28 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVOL.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.35 | 2.94% |
| R2 | 36.94 | 1.82% |
| R1 | 36.69 | 1.13% |
| Price | 36.28 | |
| S1 | 35.88 | -1.10% |
| S2 | 35.63 | -1.79% |
| S3 | 35.23 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.62 | 0.94% |
| R2 | 36.56 | 0.772% |
| R1 | 36.34 | 0.165% |
| Price | 36.28 | |
| S1 | 36.18 | -0.276% |
| S2 | 35.94 | -0.94% |
| S3 | 35.28 | -2.76% |
AVOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 22, 2024 | 0.700 Fr | 1.93% |
| 2 | May 11, 2020 | May 11, 2020 | May 11, 2020 | 3.91 Fr | 15.53% |
| 3 | May 14, 2019 | May 14, 2019 | May 16, 2019 | 3.91 Fr | 4.75% |
| 4 | May 15, 2018 | May 15, 2018 | May 17, 2018 | 3.67 Fr | 2.69% |
| 5 | May 14, 2008 | May 14, 2008 | May 14, 2008 | 0.98 Fr | 1.02% |
FAQ
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