EFG International AG Stock Forecast
Weaker technical forecast for EFG International AG as stock downgraded to Sell Candidate.
(Updated on Apr 30, 2024)
The EFG International AG stock price fell by -0.93% on the last day (Tuesday, 30th Apr 2024) from 10.78 Fr to 10.68 Fr. During the last trading day the stock fluctuated 1.31% from a day low at 10.68 Fr to a day high of 10.82 Fr. The price has fallen in 5 of the last 10 days and is down by -3.44% for this period. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 221 thousand shares were bought and sold for approximately 2.36 Fr million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 10.52 Fr is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.84% during the next 3 months and, with a 90% probability hold a price between 9.80 Fr and 11.25 Fr at the end of this 3-month period.
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EFGN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.95%. 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. The EFG International AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 10.72 Fr and 11.34 Fr. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for EFG International AG stock
EFG International AG finds support from accumulated volume at 10.58 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.140 Fr (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EFGN.SW) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect EFG International AG to open at 10.73 Fr, and during the day (based on 14 day Average True Range), to move between 10.44 Fr and 10.92 Fr, which gives a possible trading interval of +/-0.240 Fr (+/-2.25%) up or down from last closing price. If EFG International AG takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 10.58 Fr (0.94%) than the resistance at 11.26 Fr (5.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EFG International AG stock A Buy?
EFG International AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.236 Sell Candidate Downgraded
Predicted Opening Price for EFG International AG of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 10.73 Fr ( 0.437%) | 10.68 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFGN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.87 | 1.75 % | |
| R2 | 10.81 | 1.25 % | ||
| R1 | 10.78 | 0.94 % | ||
| Current price: | 10.68 | |||
| Support | S1 | 10.67 | -0.0638 % | |
| S2 | 10.64 | -0.373 % | ||
| S3 | 10.59 | -0.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.14 | 13.67 % | |
| R2 | 11.46 | 7.30 % | ||
| R1 | 11.26 | 5.43 % | ||
| Current price | 10.68 | |||
| Support | S1 | 10.58 | -0.94% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EFGN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2024 | Mar 26, 2024 | Mar 28, 2024 | 0.550 Fr | 4.88% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | 0.450 Fr | 5.23% |
| 3 | May 04, 2022 | May 04, 2022 | May 04, 2022 | 0.360 Fr | 5.14% |
| 4 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 0.300 Fr | 4.10% |
| 5 | Dec 10, 2020 | Dec 10, 2020 | Dec 10, 2020 | 0.150 Fr | 2.60% |
FAQ
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