Burkhalter Holding AG Stock Forecast

Burkhalter Holding AG stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)

BRKN.SW Signals & Forecast

There are few to no technical positive signals at the moment. The Burkhalter Holding AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 97.99 Fr and 98.53 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -6.34%. 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). Burkhalter Holding AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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

Burkhalter Holding AG finds support from accumulated volume at 92.50 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 3.30 Fr between high and low, or 3.51%. For the last week the stock has had daily average volatility of 1.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Tuesday, 21st we expect Burkhalter Holding AG to open at 95.23 Fr, and during the day (based on 14 day Average True Range), to move between 92.96 Fr and 96.24 Fr, which gives a possible trading interval of +/-1.64 Fr (+/-1.74%) up or down from last closing price. If Burkhalter 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 92.50 Fr (2.22%) than the resistance at 97.30 Fr (2.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Burkhalter Holding AG stock A Buy?

The Burkhalter Holding AG stock holds several negative signals and despite the positive trend, we believe Burkhalter Holding AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.223 Sell Candidate Downgraded

Predicted Opening Price for Burkhalter Holding AG of Tuesday, May 21, 2024

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