Compagnie Financière Tradition SA Stock Forecast

Compagnie Financière Tradition SA stock price ended at 151.50 Fr on Tuesday, after losing 0%.
(Updated on May 21, 2024)

CFT.SW Signals & Forecast

The Compagnie Financière Tradition SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 151.64 Fr. On a fall, the stock will find some support from the long-term average at approximately 143.77 Fr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 15, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Compagnie Financière Tradition SA stock

Compagnie Financière Tradition SA finds support from accumulated volume at 151.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.50 Fr between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.66%.

Our recommended stop-loss: 145.14 Fr (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (CFT.SW) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Compagnie Financière Tradition SA to open at 152.00 Fr, and during the day (based on 14 day Average True Range), to move between 148.91 Fr and 154.09 Fr, which gives a possible trading interval of +/-2.59 Fr (+/-1.71%) up or down from last closing price. If Compagnie Financière Tradition SA takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 151.00 Fr (0.33%) than the resistance at 153.50 Fr (1.32%), 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 Tradition SA 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 Compagnie Financière Tradition SA stock to perform well in the short-term.

Current score: 2.578 Buy Candidate Unchanged

Predicted Opening Price for Compagnie Financière Tradition SA of Wednesday, May 22, 2024

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