Flughafen Zürich AG Stock Forecast
Red day on Wednesday for Flughafen Zürich AG stock after losing 0.524%
(Updated on May 22, 2024)
The Flughafen Zürich AG stock price fell by -0.524% on the last day (Wednesday, 22nd May 2024) from 190.80 Fr to 189.80 Fr. During the last trading day the stock fluctuated 1.11% from a day low at 188.60 Fr to a day high of 190.70 Fr. The price has fallen in 6 of the last 10 days but is still up by 0.64% 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 -24 thousand shares and in total, 26 thousand shares were bought and sold for approximately 4.93 Fr million.
The stock is moving within a wide and 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 181.11 Fr and 202.56 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
There are mixed signals in the stock today. The Flughafen Zürich 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 191.06 Fr and 192.77 Fr. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.04%. 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).
Support, Risk & Stop-loss for Flughafen Zürich AG stock
Flughafen Zürich AG finds support from accumulated volume at 189.40 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 2.10 Fr between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FHZN.SW) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Flughafen Zürich AG to open at 189.70 Fr, and during the day (based on 14 day Average True Range), to move between 186.85 Fr and 192.75 Fr, which gives a possible trading interval of +/-2.95 Fr (+/-1.55%) up or down from last closing price. If Flughafen Zürich AG takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 190.00 Fr (0.11%) than the support at 189.40 Fr (0.21%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.898 Sell Candidate Unchanged
Predicted Opening Price for Flughafen Zürich AG of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| 189.70 Fr ( 0.0527%) | 189.80 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 | |||
|---|---|---|---|---|
| Resistance | R3 | 191.80 | 1.05 % | |
| R2 | 191.00 | 0.631 % | ||
| R1 | 190.50 | 0.370 % | ||
| Current price: | 189.80 | |||
| Support | S1 | 188.90 | -0.475 % | |
| S2 | 188.40 | -0.736 % | ||
| S3 | 187.60 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 204.60 | 7.80 % | |
| R2 | 192.10 | 1.21 % | ||
| R1 | 190.00 | 0.105 % | ||
| Current price | 189.80 | |||
| Support | S1 | 189.40 | -0.211% | |
| S2 | 186.50 | -1.74% | ||
| S3 | 184.20 | -2.95% |
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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