Basellandschaftliche Kantonalbank Stock Forecast

Basellandschaftliche Kantonalbank stock upgraded to Buy Candidate.
(Updated on May 17, 2024)

BLKB.SW Signals & Forecast

The Basellandschaftliche Kantonalbank 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 874.29 Fr. On a fall, the stock will find some support from the long-term average at approximately 857.31 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 Wednesday, April 24, 2024, and so far it has fallen -1.36%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Basellandschaftliche Kantonalbank stock

Basellandschaftliche Kantonalbank finds support from accumulated volume at 868.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 4.00 Fr between high and low, or 0.459%. For the last week the stock has had daily average volatility of 0.735%

Our recommended stop-loss: 836.46 Fr (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (BLKB.SW) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Basellandschaftliche Kantonalbank to open at 873.33 Fr, and during the day (based on 14 day Average True Range), to move between 863.89 Fr and 880.11 Fr, which gives a possible trading interval of +/-8.11 Fr (+/-0.93%) up or down from last closing price. If Basellandschaftliche Kantonalbank takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 874.00 Fr (0.23%) than the support at 868.00 Fr (0.46%), 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 Basellandschaftliche Kantonalbank 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 Basellandschaftliche Kantonalbank stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.159 Buy Candidate Upgraded

Predicted Opening Price for Basellandschaftliche Kantonalbank of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.