Bucher Industries AG Stock Forecast
Bucher Industries AG stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Bucher Industries AG stock price gained 1.54% on the last trading day (Friday, 3rd May 2024), rising from 357.50 Fr to 363.00 Fr. During the last trading day the stock fluctuated 1.67% from a day low at 359.50 Fr to a day high of 365.50 Fr. The price has fallen in 5 of the last 10 days and is down by -4.72% for this period. Volume fell on the last day by -2 thousand shares and in total, 13 thousand shares were bought and sold for approximately 4.89 Fr million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 354.94 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bucher Industries AG stock with a 90% probability to be traded between 353.34 Fr and 398.67 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BUCN.SW Signals & Forecast
There are mixed signals in the stock today. The Bucher Industries AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 383.79 Fr. On a fall, the stock will find some support from the short-term average at 359.14 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.25%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Bucher Industries AG stock
Bucher Industries AG finds support from accumulated volume at 361.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 6.00 Fr between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: 344.46 Fr (-5.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BUCN.SW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bucher Industries AG to open at 362.67 Fr, and during the day (based on 14 day Average True Range), to move between 356.51 Fr and 369.49 Fr, which gives a possible trading interval of +/-6.49 Fr (+/-1.79%) up or down from last closing price. If Bucher Industries AG takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 361.00 Fr (0.55%) than the resistance at 389.00 Fr (7.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bucher Industries AG stock A Buy?
Bucher Industries 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.525 Hold/Accumulate Upgraded
Predicted Opening Price for Bucher Industries AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 362.67 Fr ( 0.0918%) | 363.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUCN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 368.67 | 1.56 % | |
| R2 | 366.37 | 0.93 % | ||
| R1 | 364.96 | 0.540 % | ||
| Current price: | 363.00 | |||
| Support | S1 | 360.37 | -0.723 % | |
| S2 | 358.96 | -1.11 % | ||
| S3 | 356.67 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 398.00 | 9.64 % | |
| R2 | 393.00 | 8.26 % | ||
| R1 | 389.00 | 7.16 % | ||
| Current price | 363.00 | |||
| Support | S1 | 361.00 | -0.551% | |
| S2 | 360.50 | -0.689% | ||
| S3 | 356.50 | -1.79% |
BUCN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 24, 2024 | 13.50 Fr | 3.74% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 25, 2023 | 13.00 Fr | 3.30% |
| 3 | Apr 14, 2022 | Apr 14, 2022 | Apr 14, 2022 | 9.50 Fr | 2.62% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 6.50 Fr | 1.31% |
| 5 | Mar 04, 2020 | Apr 28, 2020 | Apr 30, 2020 | 8.00 Fr | 2.94% |
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