Bossard Holding AG Stock Forecast

Bossard Holding AG stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 30, 2024)

BOSN.SW Signals & Forecast

The Bossard 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 223.79 Fr. On a fall, the stock will find some support from the long-term average at approximately 213.37 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 Friday, May 24, 2024, and so far it has fallen -4.14%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Bossard Holding AG stock

Bossard Holding AG finds support from accumulated volume at 215.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 2.50 Fr between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.90%.

Our recommended stop-loss: 210.42 Fr (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (BOSN.SW) For The Upcoming Trading Day Of Friday 31st

For the upcoming trading day on Friday, 31st we expect Bossard Holding AG to open at 220.17 Fr, and during the day (based on 14 day Average True Range), to move between 215.34 Fr and 224.66 Fr, which gives a possible trading interval of +/-4.66 Fr (+/-2.12%) up or down from last closing price. If Bossard Holding AG takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 222.50 Fr (1.14%) than the support at 215.00 Fr (2.27%), 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 Bossard Holding AG stock A Buy?

Bossard Holding AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.188 Hold/Accumulate Downgraded

Predicted Opening Price for Bossard Holding AG of Friday, May 31, 2024

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