CPH Chemie + Papier Holding AG Stock Forecast

Weaker technical forecast for CPH Chemie + Papier Holding AG as stock downgraded to Hold/Accumulate.
(Updated on May 17, 2024)

CPHN.SW Signals & Forecast

The CPH Chemie + Papier 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 87.17 Fr and 86.86 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 15, 2024, and so far it has risen 3.55%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-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 CPH Chemie + Papier Holding AG stock

CPH Chemie + Papier Holding AG finds support from accumulated volume at 86.60 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 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 0.600 Fr between high and low, or 0.690%. For the last week the stock has had daily average volatility of 0.694%

Our recommended stop-loss: 83.01 Fr (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (CPHN.SW) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect CPH Chemie + Papier Holding AG to open at 87.40 Fr, and during the day (based on 14 day Average True Range), to move between 86.41 Fr and 88.79 Fr, which gives a possible trading interval of +/-1.19 Fr (+/-1.36%) up or down from last closing price. If CPH Chemie + Papier Holding AG takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 87.80 Fr (0.23%) than the support at 86.60 Fr (1.14%), 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 CPH Chemie + Papier Holding AG stock A Buy?

CPH Chemie + Papier Holding 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: 0.827 Hold/Accumulate Downgraded

Predicted Opening Price for CPH Chemie + Papier Holding AG of Tuesday, May 21, 2024

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