Compagnie Financière Richemont SA Stock Forecast
Compagnie Financière Richemont SA stock price up 1.64% on Friday
(Updated on Apr 26, 2024)
The Compagnie Financière Richemont SA stock price gained 1.64% on the last trading day (Friday, 26th Apr 2024), rising from 127.75 Fr to 129.85 Fr. During the last trading day the stock fluctuated 1.60% from a day low at 128.25 Fr to a day high of 130.30 Fr. The price has fallen in 6 of the last 10 days but is still up by 1.41% over the past 2 weeks. Volume fell on the last day by -168 thousand shares and in total, 643 thousand shares were bought and sold for approximately 83.50 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 127.08 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Compagnie Financière Richemont SA stock with a 90% probability to be traded between 125.50 Fr and 145.51 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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CFR.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Compagnie Financière Richemont SA 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 135.84 Fr. On a fall, the stock will find some support from the short-term average at 128.47 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.
Support, Risk & Stop-loss for Compagnie Financière Richemont SA stock
Compagnie Financière Richemont SA finds support from accumulated volume at 128.60 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 2.05 Fr between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CFR.SW) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Compagnie Financière Richemont SA to open at 129.47 Fr, and during the day (based on 14 day Average True Range), to move between 126.78 Fr and 132.92 Fr, which gives a possible trading interval of +/-3.07 Fr (+/-2.37%) up or down from last closing price. If Compagnie Financière Richemont SA takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 128.60 Fr (0.96%) than the resistance at 134.25 Fr (3.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Compagnie Financière Richemont SA stock A Buy?
Compagnie Financière Richemont SA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.074 Sell Candidate Unchanged
Predicted Opening Price for Compagnie Financière Richemont SA of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 129.47 Fr ( 0.295%) | 129.85 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CFR.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.52 | 1.28 % | |
| R2 | 130.73 | 0.680 % | ||
| R1 | 130.25 | 0.308 % | ||
| Current price: | 129.85 | |||
| Support | S1 | 128.68 | -0.90 % | |
| S2 | 128.20 | -1.27 % | ||
| S3 | 127.42 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.80 | 12.28 % | |
| R2 | 140.60 | 8.28 % | ||
| R1 | 134.25 | 3.39 % | ||
| Current price | 129.85 | |||
| Support | S1 | 128.60 | -0.96% | |
| S2 | 128.05 | -1.39% | ||
| S3 | 127.45 | -1.85% |
CFR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2022 | Sep 21, 2022 | Sep 23, 2022 | 1.00 Fr | 1.04% |
| 2 | Sep 21, 2021 | Sep 21, 2021 | Sep 21, 2021 | 2.00 Fr | 2.09% |
| 3 | May 15, 2020 | Sep 16, 2020 | Sep 18, 2020 | 1.00 Fr | 1.57% |
| 4 | May 17, 2019 | Sep 18, 2019 | Sep 20, 2019 | 2.00 Fr | 2.67% |
| 5 | May 18, 2018 | Sep 19, 2018 | Sep 21, 2018 | 1.90 Fr | 2.35% |
FAQ
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