Glarner Kantonalbank Stock Forecast
Red day on Friday for Glarner Kantonalbank stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Glarner Kantonalbank stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.96% from a day low at 20.90 Fr to a day high of 21.10 Fr. The price has been going up and down for this period, and there has been a -0.94% loss for the last 2 weeks.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.85% during the next 3 months and, with a 90% probability hold a price between 19.13 Fr and 19.51 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GLKBN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Glarner Kantonalbank 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 21.00 Fr and 21.24 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).
Support, Risk & Stop-loss for Glarner Kantonalbank 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.
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 0.200 Fr between high and low, or 0.96%. For the last week the stock has had daily average volatility of 0.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLKBN.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Glarner Kantonalbank to open at 21.00 Fr, and during the day (based on 14 day Average True Range), to move between 20.79 Fr and 21.21 Fr, which gives a possible trading interval of +/-0.207 Fr (+/-0.99%) up or down from last closing price. If Glarner Kantonalbank takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 21.30 Fr, some 0.300 Fr (1.43%) from the current price of 21.00 Fr, our system finds the risk reward not very attractive.
Is Glarner Kantonalbank stock A Buy?
Glarner Kantonalbank holds several negative signals and is within a narrow 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: -2.028 Sell Candidate Unchanged
Predicted Opening Price for Glarner Kantonalbank of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 21.00 Fr ( 0%) | 21.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLKBN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.20 | 0.95% |
| R2 | 21.12 | 0.589% |
| R1 | 21.08 | 0.364% |
| Price | 21.00 | |
| S1 | 20.92 | -0.364% |
| S2 | 20.88 | -0.589% |
| S3 | 20.80 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.50 | 7.14% |
| R2 | 21.40 | 1.90% |
| R1 | 21.30 | 1.43% |
| Price | 21.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
GLKBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 1.10 Fr | 5.09% |
| 2 | May 03, 2023 | May 03, 2023 | May 05, 2023 | 1.10 Fr | 4.23% |
| 3 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | 1.10 Fr | 3.96% |
| 4 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | 1.10 Fr | 3.61% |
| 5 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | 1.10 Fr | 3.47% |
FAQ
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