Interroll Holding AG Stock Forecast

Interroll Holding AG stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 30, 2024)

INRN.SW Signals & Forecast

The Interroll Holding AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 2,925.71 Fr and 2,927.00 Fr. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, March 22, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Interroll Holding AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 2,760.00 Fr and 2,700.00 Fr. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Interroll Holding AG finds support just below today's level at 2,760.00 Fr. If this is broken, then the next support from accumulated volume will be at 2,700.00 Fr and 2,550.00 Fr.

In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 35.00 Fr between high and low, or 1.18%. For the last week the stock has had daily average volatility of 2.58%

Our recommended stop-loss: 2,845.19 Fr (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (INRN.SW) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Interroll Holding AG to open at 2,971.67 Fr, and during the day (based on 14 day Average True Range), to move between 2,897.69 Fr and 3,042.31 Fr, which gives a possible trading interval of +/-72.31 Fr (+/-2.43%) up or down from last closing price. If Interroll Holding AG takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 2,975.00 Fr (0.17%) than the support at 2,760.00 Fr (7.07%), 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 Interroll Holding AG stock A Buy?

Interroll Holding 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.331 Hold/Accumulate Downgraded

Predicted Opening Price for Interroll Holding AG of Thursday, May 2, 2024

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