Flughafen Zürich AG Stock Forecast
Flughafen Zürich AG stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Flughafen Zürich AG stock price gained 0.255% on the last trading day (Tuesday, 2nd Jul 2024), rising from 196.10 Fr to 196.60 Fr. During the last trading day the stock fluctuated 1.60% from a day low at 193.50 Fr to a day high of 196.60 Fr. The price has risen in 6 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 35 thousand shares were bought and sold for approximately 6.79 Fr million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Flughafen Zürich AG stock with a 90% probability to be traded between 186.64 Fr and 202.27 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FHZN.SW Signals & Forecast
The Flughafen Zürich 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 198.04 Fr. On a fall, the stock will find some support from the long-term average at approximately 193.34 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, June 24, 2024, and so far it has fallen -1.99%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Flughafen Zürich AG stock
Flughafen Zürich AG finds support from accumulated volume at 192.10 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 3.10 Fr between high and low, or 1.60%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: 187.99 Fr (-4.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (FHZN.SW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Flughafen Zürich AG to open at 195.57 Fr, and during the day (based on 14 day Average True Range), to move between 192.80 Fr and 200.40 Fr, which gives a possible trading interval of +/-3.80 Fr (+/-1.93%) up or down from last closing price. If Flughafen Zürich AG takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 197.90 Fr (0.66%) than the support at 192.10 Fr (2.29%), 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 Flughafen Zürich AG stock A Buy?
Flughafen Zürich 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.118 Hold/Accumulate Upgraded
Predicted Opening Price for Flughafen Zürich AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 195.57 Fr ( 0.526%) | 196.60 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FHZN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 198.67 | 1.05% |
| R2 | 197.48 | 0.449% |
| R1 | 196.75 | 0.0767% |
| Price | 196.60 | |
| S1 | 194.38 | -1.13% |
| S2 | 193.65 | -1.50% |
| S3 | 192.47 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 200.60 | 2.03% |
| R2 | 198.70 | 1.07% |
| R1 | 197.90 | 0.661% |
| Price | 196.60 | |
| S1 | 192.10 | -2.29% |
| S2 | 191.90 | -2.39% |
| S3 | 190.00 | -3.36% |
FHZN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 26, 2024 | 5.30 Fr | 2.82% |
| 2 | Apr 26, 2023 | Apr 26, 2023 | Apr 28, 2023 | 3.50 Fr | 2.04% |
| 3 | Mar 12, 2019 | Apr 29, 2019 | Apr 22, 2020 | 6.90 Fr | 6.14% |
| 4 | Mar 02, 2018 | Apr 23, 2018 | Apr 25, 2018 | 6.50 Fr | 3.16% |
| 5 | Mar 06, 2017 | Apr 24, 2017 | Apr 26, 2017 | 3.20 Fr | 1.48% |
FAQ
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