EMS-CHEMIE HOLDING AG Stock Forecast
EMS-CHEMIE HOLDING AG stock downgraded to Buy Candidate
(Updated on May 08, 2024)
The EMS-CHEMIE HOLDING AG stock price fell by -1.24% on the last day (Wednesday, 8th May 2024) from 768.50 Fr to 759.00 Fr. During the last trading day the stock fluctuated 3.41% from a day low at 747.50 Fr to a day high of 773.00 Fr. The price has risen in 6 of the last 10 days and is up by 7.05% over the past 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 -509 shares and in total, 13 thousand shares were bought and sold for approximately 10.11 Fr million.
The stock lies in the upper part of a strong rising 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 770.82 Fr will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 21.99% during the next 3 months and, with a 90% probability hold a price between 865.30 Fr and 940.32 Fr at the end of this 3-month period.
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EMSN.SW Signals & Forecast
The EMS-CHEMIE 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 747.64 Fr and 706.63 Fr. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 07, 2024, and so far it has fallen -1.24%. 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 EMS-CHEMIE HOLDING AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 714.00 Fr and 692.00 Fr. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EMS-CHEMIE HOLDING AG finds support just below today's level at 714.00 Fr. If this is broken, then the next support from accumulated volume will be at 692.00 Fr and 644.50 Fr.
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 25.50 Fr between high and low, or 3.41%. For the last week, the stock has had daily average volatility of 2.07%.
The EMS-CHEMIE HOLDING AG stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 730.24 Fr (-3.79%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (EMSN.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect EMS-CHEMIE HOLDING AG to open at 759.83 Fr, and during the day (based on 14 day Average True Range), to move between 745.06 Fr and 772.94 Fr, which gives a possible trading interval of +/-13.94 Fr (+/-1.84%) up or down from last closing price. If EMS-CHEMIE HOLDING AG takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 768.50 Fr (1.25%) than the support at 714.00 Fr (5.93%), 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 EMS-CHEMIE HOLDING AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EMS-CHEMIE HOLDING AG stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.123 Buy Candidate Downgraded
Predicted Opening Price for EMS-CHEMIE HOLDING AG of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 759.83 Fr ( 0.110%) | 759.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMSN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 785.33 | 3.47 % | |
| R2 | 775.59 | 2.19 % | ||
| R1 | 769.57 | 1.39 % | ||
| Current price: | 759.00 | |||
| Support | S1 | 750.09 | -1.17 % | |
| S2 | 744.07 | -1.97 % | ||
| S3 | 734.33 | -3.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 768.50 | 1.25 % | ||
| Current price | 759.00 | |||
| Support | S1 | 714.00 | -5.93% | |
| S2 | 692.00 | -8.83% | ||
| S3 | 644.50 | -15.09% |
EMSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2024 | Aug 13, 2024 | Aug 13, 2024 | 0 Fr | 0% |
| 2 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | 4.50 Fr | 0.610% |
| 3 | Aug 10, 2021 | Aug 10, 2021 | Aug 10, 2021 | 4.00 Fr | 0.393% |
| 4 | Jul 10, 2020 | Aug 11, 2020 | Aug 13, 2020 | 4.40 Fr | 0.545% |
| 5 | Feb 08, 2019 | Aug 13, 2019 | Aug 15, 2019 | 4.25 Fr | 0.746% |
FAQ
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