Burckhardt Compression Holding AG Stock Forecast
Burckhardt Compression Holding AG stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Burckhardt Compression Holding AG stock price fell by -1.33% on the last day (Friday, 19th Apr 2024) from 601.00 Fr to 593.00 Fr. During the last trading day the stock fluctuated 2.95% from a day low at 577.00 Fr to a day high of 594.00 Fr. The price has risen in 5 of the last 10 days and is up by 1.89% over the past 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 -4 thousand shares and in total, 5 thousand shares were bought and sold for approximately 2.93 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 30.33% during the next 3 months and, with a 90% probability hold a price between 728.78 Fr and 797.85 Fr at the end of this 3-month period.
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BCHN.SW Signals & Forecast
The Burckhardt Compression 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 595.14 Fr. On a fall, the stock will find some support from the long-term average at approximately 563.00 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 Monday, April 15, 2024, and so far it has fallen -1.66%. 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.
Support, Risk & Stop-loss for Burckhardt Compression Holding AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 543.00 Fr and 485.50 Fr. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Burckhardt Compression Holding AG finds support just below today's level at 543.00 Fr. If this is broken, then the next support from accumulated volume will be at 485.50 Fr and 473.00 Fr.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 17.00 Fr between high and low, or 2.95%. For the last week, the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: 568.15 Fr (-4.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (BCHN.SW) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Burckhardt Compression Holding AG to open at 588.00 Fr, and during the day (based on 14 day Average True Range), to move between 579.12 Fr and 606.88 Fr, which gives a possible trading interval of +/-13.88 Fr (+/-2.34%) up or down from last closing price. If Burckhardt Compression Holding AG takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 595.00 Fr (0.34%) than the support at 543.00 Fr (8.43%), 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 Burckhardt Compression Holding AG stock A Buy?
Burckhardt Compression Holding AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.663 Hold/Accumulate Downgraded
Predicted Opening Price for Burckhardt Compression Holding AG of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
588.00 Fr ( 0.84%) | 593.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCHN.SW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 605.00 | 2.02 % | |
R2 | 598.51 | 0.93 % | ||
R1 | 594.49 | 0.252 % | ||
Current price: | 593.00 | |||
Support | S1 | 581.51 | -1.94 % | |
S2 | 577.49 | -2.61 % | ||
S3 | 571.00 | -3.71 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 601.00 | 1.35 % | |
R2 | 596.00 | 0.506 % | ||
R1 | 595.00 | 0.337 % | ||
Current price | 593.00 | |||
Support | S1 | 543.00 | -8.43% | |
S2 | 485.50 | -18.13% | ||
S3 | 473.00 | -20.24% |
BCHN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | 12.00 Fr | 2.36% |
2 | Jul 05, 2022 | Jul 05, 2022 | Jul 05, 2022 | 7.50 Fr | 1.98% |
3 | Jul 06, 2021 | Jul 06, 2021 | Jul 06, 2021 | 6.50 Fr | 1.71% |
4 | Jun 02, 2020 | Jul 07, 2020 | Jul 09, 2020 | 6.00 Fr | 2.58% |
5 | May 28, 2019 | Jul 09, 2019 | Jul 11, 2019 | 6.00 Fr | 2.55% |
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