Compagnie Financière Richemont SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for Compagnie Financière Richemont SA stock after gaining 0.0753%
(Updated on May 08, 2024)
The Compagnie Financière Richemont SA stock price gained 0.0753% on the last trading day (Wednesday, 8th May 2024), rising from 132.85 Fr to 132.95 Fr. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.02% from a day low at 132.00 Fr to a day high of 133.35 Fr. The price has risen in 6 of the last 10 days and is up by 2.78% over the past 2 weeks. Volume fell on the last day by -53 thousand shares and in total, 609 thousand shares were bought and sold for approximately 80.93 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.99% during the next 3 months and, with a 90% probability hold a price between 116.49 Fr and 131.89 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CFR.SW Signals & Forecast
The Compagnie Financière Richemont SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 130.76 Fr and 132.77 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 4.52%. 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.
Support, Risk & Stop-loss for Compagnie Financière Richemont SA stock
Compagnie Financière Richemont SA finds support from accumulated volume at 131.75 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 1.35 Fr between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: 126.80 Fr (-4.63%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CFR.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Compagnie Financière Richemont SA to open at 132.77 Fr, and during the day (based on 14 day Average True Range), to move between 130.19 Fr and 135.71 Fr, which gives a possible trading interval of +/-2.76 Fr (+/-2.07%) 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 4.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 131.75 Fr (0.90%) than the resistance at 134.25 Fr (0.98%), 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 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.
Current score: 0.210 Hold/Accumulate Unchanged
Predicted Opening Price for Compagnie Financière Richemont SA of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 132.77 Fr ( 0.138%) | 132.95 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 | 134.12 | 0.88 % | |
| R2 | 133.60 | 0.490 % | ||
| R1 | 133.28 | 0.250 % | ||
| Current price: | 132.95 | |||
| Support | S1 | 132.25 | -0.526 % | |
| S2 | 131.93 | -0.765 % | ||
| S3 | 131.42 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.80 | 9.67 % | |
| R2 | 140.60 | 5.75 % | ||
| R1 | 134.25 | 0.98 % | ||
| Current price | 132.95 | |||
| Support | S1 | 131.75 | -0.90% | |
| S2 | 128.05 | -3.69% | ||
| S3 | 127.45 | -4.14% |
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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