Bell Food Group AG Stock Forecast
Stronger technical forecast for Bell Food Group AG stock price after Wednesday trading.
(Updated on May 08, 2024)
The Bell Food Group AG stock price gained 2.63% on the last trading day (Wednesday, 8th May 2024), rising from 266.50 Fr to 273.50 Fr. During the last trading day the stock fluctuated 2.82% from a day low at 266.00 Fr to a day high of 273.50 Fr. The price has fallen in 6 of the last 10 days and is down by -0.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 460 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 330.66 Fr thousand.
The stock lies in the middle of a weak 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 7.05% during the next 3 months and, with a 90% probability hold a price between 283.96 Fr and 306.74 Fr at the end of this 3-month period.
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BELL.SW Signals & Forecast
The Bell Food Group AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 267.43 Fr and 269.39 Fr. A breakdown below any of these levels will issue sell signals. Bell Food Group AG 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -2.84%. 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).
Support, Risk & Stop-loss for Bell Food Group AG stock
Bell Food Group AG finds support from accumulated volume at 268.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 7.50 Fr (2.82%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: 261.94 Fr (-4.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (BELL.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Bell Food Group AG to open at 271.00 Fr, and during the day (based on 14 day Average True Range), to move between 268.54 Fr and 278.46 Fr, which gives a possible trading interval of +/-4.96 Fr (+/-1.81%) up or down from last closing price. If Bell Food Group AG takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 277.00 Fr (1.28%) than the support at 268.00 Fr (2.01%), 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 Bell Food Group 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 Bell Food Group AG stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.308 Buy Candidate Upgraded
Predicted Opening Price for Bell Food Group AG of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 271.00 Fr ( 0.91%) | 273.50 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BELL.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 278.50 | 1.83 % | |
| R2 | 275.64 | 0.781 % | ||
| R1 | 273.87 | 0.133 % | ||
| Current price: | 273.50 | |||
| Support | S1 | 268.14 | -1.96 % | |
| S2 | 266.37 | -2.61 % | ||
| S3 | 263.50 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 281.00 | 2.74 % | |
| R2 | 280.00 | 2.38 % | ||
| R1 | 277.00 | 1.28 % | ||
| Current price | 273.50 | |||
| Support | S1 | 268.00 | -2.01% | |
| S2 | 263.50 | -3.66% | ||
| S3 | 261.50 | -4.39% |
BELL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 18, 2024 | 0 Fr | 0% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 24, 2023 | 7.00 Fr | 2.47% |
| 3 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | 7.00 Fr | 2.64% |
| 4 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | 6.50 Fr | 2.26% |
| 5 | Feb 17, 2020 | May 14, 2020 | May 18, 2020 | 2.75 Fr | 1.21% |
FAQ
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