Emmi AG Stock Forecast
Emmi AG stock downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
The Emmi AG stock price fell by -1.54% on the last day (Wednesday, 26th Jun 2024) from 907.00 Fr to 893.00 Fr. During the last trading day the stock fluctuated 2.35% from a day low at 893.00 Fr to a day high of 914.00 Fr. The price has risen in 5 of the last 10 days and is up by 1.48% over the past 2 weeks. Volume has increased on the last day by 110 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, 2 thousand shares were bought and sold for approximately 1.62 Fr million.
The stock lies in the middle of a wide and weak 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 3.62% during the next 3 months and, with a 90% probability hold a price between 889.94 Fr and 992.81 Fr at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EMMN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.48%. 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 Emmi 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 905.43 Fr and 909.89 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 Emmi AG stock
Emmi AG finds support from accumulated volume at 886.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 21.00 Fr between high and low, or 2.35%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: 850.38 Fr (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (EMMN.SW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Emmi AG to open at 900.00 Fr, and during the day (based on 14 day Average True Range), to move between 878.75 Fr and 907.25 Fr, which gives a possible trading interval of +/-14.25 Fr (+/-1.60%) up or down from last closing price. If Emmi AG takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 886.00 Fr (0.78%) than the resistance at 907.00 Fr (1.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emmi AG stock A Buy?
Emmi AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.672 Hold/Accumulate Downgraded
Predicted Opening Price for Emmi AG of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 900.00 Fr ( 0.784%) | 893.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMMN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 921.00 | 3.14% |
| R2 | 912.98 | 2.24% |
| R1 | 908.02 | 1.68% |
| Price | 893.00 | |
| S1 | 891.98 | -0.114% |
| S2 | 887.02 | -0.669% |
| S3 | 879.00 | -1.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 935.00 | 4.70% |
| R2 | 909.00 | 1.79% |
| R1 | 907.00 | 1.57% |
| Price | 893.00 | |
| S1 | 886.00 | -0.784% |
| S2 | 882.00 | -1.23% |
| S3 | 873.00 | -2.24% |
EMMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | Apr 17, 2024 | 15.50 Fr | 1.82% |
| 2 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | 14.50 Fr | 1.54% |
| 3 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | 14.00 Fr | 1.35% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 13.00 Fr | 1.33% |
| 5 | Mar 02, 2020 | Apr 06, 2020 | Apr 08, 2020 | 12.00 Fr | 1.40% |
FAQ
Click here for our free guide on how to buy Emmi AG Stock.
