Bell Food Group AG Stock Forecast
Green day on Friday for Bell Food Group AG
(Updated on May 31, 2024)
The Bell Food Group AG stock price gained 4.79% on the last trading day (Friday, 31st May 2024), rising from 271.50 Fr to 284.50 Fr. During the last trading day the stock fluctuated 5.18% from a day low at 270.50 Fr to a day high of 284.50 Fr. The price has fallen in 5 of the last 10 days but is still up by 4.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 1.20 Fr million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 287.64 Fr will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.23% during the next 3 months and, with a 90% probability hold a price between 276.75 Fr and 299.82 Fr at the end of this 3-month period.
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BELL.SW Signals & Forecast
Mostly positive signals in the chart today. The Bell Food Group 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 273.79 Fr and 273.14 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 7.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Bell Food Group AG stock
Bell Food Group AG finds support from accumulated volume at 272.00 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 14.00 Fr between high and low, or 5.18%. For the last week the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: 272.86 Fr (-4.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (BELL.SW) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Bell Food Group AG to open at 279.83 Fr, and during the day (based on 14 day Average True Range), to move between 279.53 Fr and 289.47 Fr, which gives a possible trading interval of +/-4.97 Fr (+/-1.75%) 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 3.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 272.00 Fr, some 12.50 Fr (4.39%) from the current price of 284.50 Fr, our system finds the risk reward attractive.
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.
Current score: 3.661 Buy Candidate Unchanged
Predicted Opening Price for Bell Food Group AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 279.83 Fr ( 1.64%) | 284.50 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 | 293.83 | 3.28 % | |
| R2 | 288.49 | 1.40 % | ||
| R1 | 285.18 | 0.239 % | ||
| Current price: | 284.50 | |||
| Support | S1 | 274.49 | -3.52 % | |
| S2 | 271.18 | -4.68 % | ||
| S3 | 265.83 | -6.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 284.50 | |||
| Support | S1 | 272.00 | -4.39% | |
| S2 | 268.00 | -5.80% | ||
| S3 | 266.50 | -6.33% |
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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