Carlo Gavazzi Holding AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Carlo Gavazzi Holding AG stock after losing 1.43%
(Updated on Jun 28, 2024)
The Carlo Gavazzi Holding AG stock price fell by -1.43% on the last day (Friday, 28th Jun 2024) from 280.00 Fr to 276.00 Fr. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.19% from a day low at 274.00 Fr to a day high of 280.00 Fr. The price has fallen in 7 of the last 10 days and is down by -11.54% for this period. 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 -766 shares and in total, 216 shares were bought and sold for approximately 59.62 Fr thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (283.55 Fr) are considered to be a "second chance" to get out. According to the fan-theory 251.37 Fr will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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GAV.SW Signals & Forecast
There are few to no technical positive signals at the moment. 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 292.86 Fr and 306.63 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -13.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Carlo Gavazzi Holding AG stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 6.00 Fr between high and low, or 2.19%. For the last week the stock has had daily average volatility of 2.55%.
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 1st
For the upcoming trading day on Monday, 1st we expect Carlo Gavazzi Holding AG to open at 276.67 Fr, and during the day (based on 14 day Average True Range), to move between 269.01 Fr and 282.99 Fr, which gives a possible trading interval of +/-6.99 Fr (+/-2.53%) 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 5.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 295.00 Fr, some 19.00 Fr (6.88%) from the current price of 276.00 Fr, our system finds the risk reward not very attractive.
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: -5.250 Strong Sell Candidate Unchanged
Predicted Opening Price for Carlo Gavazzi Holding AG of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 276.67 Fr ( 0.242%) | 276.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAV.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 282.67 | 2.42% |
| R2 | 280.37 | 1.59% |
| R1 | 278.96 | 1.07% |
| Price | 276.00 | |
| S1 | 274.37 | -0.589% |
| S2 | 272.96 | -1.10% |
| S3 | 270.67 | -1.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 316.00 | 14.49% |
| R2 | 302.00 | 9.42% |
| R1 | 295.00 | 6.88% |
| Price | 276.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
GAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 27, 2023 | Jul 27, 2023 | Jul 31, 2023 | 12.00 Fr | 3.29% |
| 2 | Jul 28, 2022 | Jul 28, 2022 | Aug 02, 2022 | 12.00 Fr | 4.11% |
| 3 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | 12.00 Fr | 4.49% |
| 4 | Jul 05, 2019 | Aug 02, 2019 | Aug 06, 2019 | 12.00 Fr | 4.48% |
| 5 | Jun 28, 2018 | Aug 03, 2018 | Aug 07, 2018 | 12.00 Fr | 3.70% |
FAQ
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