Avolta Ag Stock Forecast
Red day on Friday for Avolta Ag stock after losing 1.36%
(Updated on Jun 28, 2024)
The Avolta Ag stock price fell by -1.36% on the last day (Friday, 28th Jun 2024) from 35.38 Fr to 34.90 Fr. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.72% from a day low at 34.90 Fr to a day high of 35.50 Fr. The price has fallen in 6 of the last 10 days and is down by -3.38% for this period. 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 -93 thousand shares and in total, 231 thousand shares were bought and sold for approximately 8.08 Fr million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 36.10 Fr is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 36.06 Fr and 36.27 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 -6.28%. 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 with a target of 35.93 Fr. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Avolta Ag stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.600 Fr between high and low, or 1.72%. For the last week the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AVOL.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Avolta Ag to open at 35.10 Fr, and during the day (based on 14 day Average True Range), to move between 34.02 Fr and 35.78 Fr, which gives a possible trading interval of +/-0.88 Fr (+/-2.51%) up or down from last closing price. If Avolta Ag takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 35.28 Fr, some 0.380 Fr (1.09%) from the current price of 34.90 Fr, our system finds the risk reward not very attractive.
Is Avolta Ag stock A Buy?
Avolta Ag holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.563 Sell Candidate Unchanged
Predicted Opening Price for Avolta Ag of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 35.10 Fr ( 0.573%) | 34.90 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 | 35.70 | 2.29% |
| R2 | 35.47 | 1.64% |
| R1 | 35.33 | 1.23% |
| Price | 34.90 | |
| S1 | 34.87 | -0.0837% |
| S2 | 34.73 | -0.489% |
| S3 | 34.50 | -1.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.62 | 4.93% |
| R2 | 36.56 | 4.76% |
| R1 | 35.28 | 1.09% |
| Price | 34.90 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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