EFG International AG Stock Forecast
EFG International AG stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The EFG International AG stock price gained 0.744% on the last trading day (Tuesday, 2nd Jul 2024), rising from 13.44 Fr to 13.54 Fr. It has now gained 4 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 2.58% from a day low at 13.20 Fr to a day high of 13.54 Fr. The price has risen in 7 of the last 10 days and is up by 3.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 318 thousand more shares were traded than the day before. In total, 503 thousand shares were bought and sold for approximately 6.81 Fr million.
The stock lies in the middle of a wide and 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 23.59% during the next 3 months and, with a 90% probability hold a price between 15.55 Fr and 17.21 Fr at the end of this 3-month period.
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EFGN.SW Signals & Forecast
The EFG International 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 13.25 Fr and 12.57 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 10.08%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for EFG International AG stock
EFG International AG finds support from accumulated volume at 13.14 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 0.340 Fr (2.58%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: 12.82 Fr (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (EFGN.SW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect EFG International AG to open at 13.43 Fr, and during the day (based on 14 day Average True Range), to move between 13.16 Fr and 13.92 Fr, which gives a possible trading interval of +/-0.384 Fr (+/-2.83%) up or down from last closing price. If EFG International AG takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 13.14 Fr, some 0.400 Fr (2.95%) from the current price of 13.54 Fr, our system finds the risk reward attractive.
Is EFG International AG stock A Buy?
EFG International AG holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.919 Strong Buy Candidate Upgraded
Predicted Opening Price for EFG International AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 13.43 Fr ( 0.84%) | 13.54 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 | |
|---|---|---|
| R3 | 13.77 | 1.67% |
| R2 | 13.64 | 0.715% |
| R1 | 13.56 | 0.122% |
| Price | 13.54 | |
| S1 | 13.30 | -1.80% |
| S2 | 13.22 | -2.39% |
| S3 | 13.09 | -3.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 13.54 | |
| S1 | 13.14 | -2.95% |
| S2 | 11.46 | -15.36% |
| S3 | 11.26 | -16.84% |
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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