BELIMO Holding AG Stock Forecast
Stronger technical forecast for BELIMO Holding AG stock price after Friday trading.
(Updated on May 17, 2024)
The BELIMO Holding AG stock price fell by -0.228% on the last day (Friday, 17th May 2024) from 438.60 Fr to 437.60 Fr. During the last trading day the stock fluctuated 1.24% from a day low at 434.00 Fr to a day high of 439.40 Fr. The price has risen in 6 of the last 10 days and is up by 3.06% 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 -117 shares and in total, 10 thousand shares were bought and sold for approximately 4.52 Fr million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BELIMO Holding AG stock with a 90% probability to be traded between 412.96 Fr and 465.30 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BEAN.SW Signals & Forecast
The BELIMO 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 437.83 Fr. On a fall, the stock will find some support from the long-term average at approximately 429.93 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 15, 2024, and so far it has fallen -0.591%. Further fall is indicated until a new bottom pivot has been found. 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 BELIMO Holding AG stock
BELIMO Holding AG finds support from accumulated volume at 431.60 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 5.40 Fr between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: 422.06 Fr (-3.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (BEAN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BELIMO Holding AG to open at 437.00 Fr, and during the day (based on 14 day Average True Range), to move between 430.01 Fr and 445.19 Fr, which gives a possible trading interval of +/-7.59 Fr (+/-1.73%) up or down from last closing price. If BELIMO Holding AG takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 431.60 Fr (1.37%) than the resistance at 448.80 Fr (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BELIMO Holding AG stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for BELIMO Holding AG stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.365 Buy Candidate Upgraded
Predicted Opening Price for BELIMO Holding AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 437.00 Fr ( 0.137%) | 437.60 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEAN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 442.40 | 1.10 % | |
| R2 | 440.34 | 0.626 % | ||
| R1 | 439.06 | 0.334 % | ||
| Current price: | 437.60 | |||
| Support | S1 | 434.94 | -0.609 % | |
| S2 | 433.66 | -0.90 % | ||
| S3 | 431.60 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 453.80 | 3.70 % | |
| R2 | 450.60 | 2.97 % | ||
| R1 | 448.80 | 2.56 % | ||
| Current price | 437.60 | |||
| Support | S1 | 431.60 | -1.37% | |
| S2 | 419.60 | -4.11% | ||
| S3 | 413.80 | -5.44% |
BEAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 02, 2024 | 8.50 Fr | 1.99% |
| 2 | Mar 29, 2023 | Mar 29, 2023 | Mar 31, 2023 | 8.50 Fr | 1.93% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Apr 01, 2022 | 8.50 Fr | 1.75% |
| 4 | Mar 31, 2021 | Mar 31, 2021 | Mar 31, 2021 | 7.50 Fr | 1.96% |
| 5 | Mar 09, 2020 | Apr 01, 2020 | Apr 01, 2020 | 7.50 Fr | 2.34% |
FAQ
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