Clariant AG Stock Forecast
Clariant AG stock downgraded to Hold/Accumulate
(Updated on May 17, 2024)
No changes to the price of Clariant AG stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $16.20 to a day high of $16.20. The price has been going up and down for this period, and there has been a 8% gain for the last 2 weeks.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.91% during the next 3 months and, with a 90% probability hold a price between $19.83 and $21.48 at the end of this 3-month period.
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CLZNY Signals & Forecast
The Clariant 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 $16.19 and $14.98. 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 Thursday, May 16, 2024, and so far it has fallen 0%. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Clariant AG stock
On the downside, the stock finds support just below today's level from accumulated volume at $14.32 and $13.99. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clariant AG finds support just below today's level at $14.32. If this is broken, then the next support from accumulated volume will be at $13.99 and $12.80.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $15.64 (-3.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (CLZNY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Clariant AG to open at $16.20, and during the day (based on 14 day Average True Range), to move between $15.99 and $16.41, which gives a possible trading interval of +/-$0.206 (+/-1.27%) up or down from last closing price. If Clariant AG takes out the full calculated possible swing range there will be an estimated 2.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.50 (1.85%) than the support at $14.32 (11.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Clariant AG stock A Buy?
Clariant 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.488 Hold/Accumulate Downgraded
Predicted Opening Price for Clariant AG of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$16.20 ( 0%) | $16.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLZNY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.20 | . | |
R2 | 16.20 | . | ||
R1 | 16.20 | . | ||
Current price: | 16.20 | |||
Support | S1 | 16.20 | . | |
S2 | 16.20 | . | ||
S3 | 16.20 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 16.50 | 1.85 % | ||
Current price | 16.20 | |||
Support | S1 | 14.32 | -11.60% | |
S2 | 13.99 | -13.64% | ||
S3 | 12.80 | -20.99% |
CLZNY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 04, 2023 | Jun 09, 2023 | Jun 21, 2023 | $0.463 | 3.27% |
2 | Sep 16, 2022 | Sep 16, 2022 | Sep 27, 2022 | $0.418 | 2.96% |
3 | Jun 25, 2021 | Apr 14, 2021 | Jul 19, 2021 | $2.12 | 10.43% |
4 | Jul 10, 2020 | Jul 10, 2020 | Jul 23, 2020 | $3.17 | 16.25% |
5 | Jul 02, 2020 | Jul 02, 2020 | Jul 02, 2020 | $0.649 | 3.03% |
FAQ
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