Burckhardt Compression Holding AG Stock Forecast
Green day on Thursday for Burckhardt Compression Holding AG stock after gaining 0.512%
(Updated on May 02, 2024)
The Burckhardt Compression Holding AG stock price gained 0.512% on the last trading day (Thursday, 2nd May 2024), rising from 586.00 Fr to 589.00 Fr. During the last trading day the stock fluctuated 0.85% from a day low at 585.00 Fr to a day high of 590.00 Fr. The price has risen in 6 of the last 10 days but is still down by -0.17% for this period. Volume fell on the last day by -385 shares and in total, 3 thousand shares were bought and sold for approximately 1.57 Fr million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 584.00 Fr is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.77% during the next 3 months and, with a 90% probability hold a price between 757.89 Fr and 820.18 Fr at the end of this 3-month period.
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BCHN.SW Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -2.32%. 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). The Burckhardt Compression Holding AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 585.86 Fr and 575.31 Fr. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 526.00 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 526.00 Fr and 473.00 Fr.
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 0.85%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: 565.73 Fr (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (BCHN.SW) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd 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 576.61 Fr and 601.39 Fr, which gives a possible trading interval of +/-12.39 Fr (+/-2.10%) 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 4.21% 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 (1.02%) than the support at 543.00 Fr (7.81%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Burckhardt Compression Holding AG stock to perform well in the short-term.
Current score: 2.230 Buy Candidate Unchanged
Predicted Opening Price for Burckhardt Compression Holding AG of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 588.00 Fr ( 0.170%) | 589.00 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 | 593.00 | 0.679 % | |
| R2 | 591.09 | 0.355 % | ||
| R1 | 589.91 | 0.154 % | ||
| Current price: | 589.00 | |||
| Support | S1 | 586.09 | -0.494 % | |
| S2 | 584.91 | -0.694 % | ||
| S3 | 583.00 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 601.00 | 2.04 % | |
| R2 | 596.00 | 1.19 % | ||
| R1 | 595.00 | 1.02 % | ||
| Current price | 589.00 | |||
| Support | S1 | 543.00 | -7.81% | |
| S2 | 526.00 | -10.70% | ||
| S3 | 473.00 | -19.69% |
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% |
FAQ
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