Calida Holding AG Stock Forecast

Calida Holding AG stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)

CALN.SW Signals & Forecast

The Calida Holding 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 29.47 Fr and 28.48 Fr. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 23, 2024 in the long-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 Calida Holding AG stock

Calida Holding AG finds support from accumulated volume at 29.40 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 0.400 Fr between high and low, or 1.35%. For the last week the stock has had daily average volatility of 1.80%.

Our recommended stop-loss: 28.88 Fr (-3.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CALN.SW) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Calida Holding AG to open at 29.80 Fr, and during the day (based on 14 day Average True Range), to move between 29.18 Fr and 30.42 Fr, which gives a possible trading interval of +/-0.618 Fr (+/-2.07%) up or down from last closing price. If Calida Holding AG takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 29.40 Fr, some 0.400 Fr (1.34%) from the current price of 29.80 Fr, our system finds the risk reward attractive.

Is Calida Holding 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 Calida Holding AG 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: 1.341 Buy Candidate Upgraded

Predicted Opening Price for Calida Holding AG of Monday, May 13, 2024

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