EFG International AG Stock Forecast
Evaluation of EFG International AG stock downgraded after the last trading session.
(Updated on May 17, 2024)
The EFG International AG stock price fell by -1.19% on the last day (Friday, 17th May 2024) from 11.74 Fr to 11.60 Fr. During the last trading day the stock fluctuated 1.21% from a day low at 11.58 Fr to a day high of 11.72 Fr. The price has been going up and down for this period, and there has been a 3.02% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -242 thousand shares and in total, 138 thousand shares were bought and sold for approximately 1.60 Fr million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 11.84 Fr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.02% during the next 3 months and, with a 90% probability hold a price between 9.36 Fr and 10.77 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EFGN.SW Signals & Forecast
The EFG International AG 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 11.67 Fr. On a fall, the stock will find some support from the long-term average at approximately 11.24 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 Friday, May 10, 2024, and so far it has fallen -2.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for EFG International AG stock
EFG International AG finds support from accumulated volume at 11.46 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.140 Fr between high and low, or 1.21%. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: 11.08 Fr (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (EFGN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect EFG International AG to open at 11.63 Fr, and during the day (based on 14 day Average True Range), to move between 11.30 Fr and 11.90 Fr, which gives a possible trading interval of +/-0.300 Fr (+/-2.58%) up or down from last closing price. If EFG International AG takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 11.46 Fr (1.21%) than the resistance at 11.94 Fr (2.93%), 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 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: 0.397 Hold/Accumulate Downgraded
Predicted Opening Price for EFG International AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 11.63 Fr ( 0.287%) | 11.60 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 | 11.77 | 1.49 % | |
| R2 | 11.72 | 1.03 % | ||
| R1 | 11.69 | 0.748 % | ||
| Current price: | 11.60 | |||
| Support | S1 | 11.58 | -0.174 % | |
| S2 | 11.55 | -0.459 % | ||
| S3 | 11.49 | -0.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.32 | 6.21 % | |
| R2 | 12.14 | 4.66 % | ||
| R1 | 11.94 | 2.93 % | ||
| Current price | 11.60 | |||
| Support | S1 | 11.46 | -1.21% | |
| S2 | 11.26 | -2.93% | ||
| S3 | 10.68 | -7.93% |
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% |
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