Carlo Gavazzi Holding AG Stock Forecast

Red day on Friday for Carlo Gavazzi Holding AG stock after losing 0%
(Updated on Jun 21, 2024)

GAV.SW Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carlo Gavazzi Holding 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 302.71 Fr and 308.86 Fr. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Carlo Gavazzi Holding AG stock

Carlo Gavazzi Holding AG finds support from accumulated volume at 296.00 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 2.00 Fr between high and low, or 0.673%. For the last week the stock has had daily average volatility of 1.40%.

Carlo Gavazzi Holding AG is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GAV.SW) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Carlo Gavazzi Holding AG to open at 297.67 Fr, and during the day (based on 14 day Average True Range), to move between 290.95 Fr and 303.05 Fr, which gives a possible trading interval of +/-6.05 Fr (+/-2.04%) up or down from last closing price. If Carlo Gavazzi Holding AG takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 296.00 Fr (0.34%) than the resistance at 300.00 Fr (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Carlo Gavazzi Holding AG stock A Buy?

Carlo Gavazzi Holding AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.302 Sell Candidate Unchanged

Predicted Opening Price for Carlo Gavazzi Holding AG of Monday, June 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.