Banque Cantonale de Genève SA Stock Forecast

Green day on Friday for Banque Cantonale de Genève SA stock after gaining 1.37%
(Updated on May 17, 2024)

BCGE.SW Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Banque Cantonale de Genève SA 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 Banque Cantonale de Genève SA 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 297.74 Fr. On a fall, the stock will find some support from the short-term average at 292.29 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.11%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, January 08, 2024 in the long-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 Banque Cantonale de Genève SA stock

Banque Cantonale de Genève SA finds support from accumulated volume at 296.00 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 5.00 Fr between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.66%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BCGE.SW) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Banque Cantonale de Genève SA to open at 295.33 Fr, and during the day (based on 14 day Average True Range), to move between 291.29 Fr and 302.71 Fr, which gives a possible trading interval of +/-5.71 Fr (+/-1.92%) up or down from last closing price. If Banque Cantonale de Genève SA takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 298.00 Fr (0.34%) than the support at 296.00 Fr (0.34%), 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 Banque Cantonale de Genève SA stock A Buy?

Banque Cantonale de Genève SA 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: -1.552 Sell Candidate Unchanged

Predicted Opening Price for Banque Cantonale de Genève SA of Tuesday, May 21, 2024

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