Komax Holding AG Stock Forecast

Komax Holding AG stock price up 1.13% on Friday
(Updated on May 03, 2024)

KOMN.SW Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.41%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Komax Holding AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 169.72 Fr. On a fall, the stock will find some support from the short-term average at 159.29 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Komax Holding AG finds support from accumulated volume at 160.80 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 6.20 Fr between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 2.36%.

Komax Holding AG is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 151.83 Fr (-5.82%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (KOMN.SW) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Komax Holding AG to open at 161.13 Fr, and during the day (based on 14 day Average True Range), to move between 156.70 Fr and 165.70 Fr, which gives a possible trading interval of +/-4.50 Fr (+/-2.79%) up or down from last closing price. If Komax Holding AG takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 160.80 Fr (0.25%) than the resistance at 164.00 Fr (1.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Komax Holding AG stock A Buy?

Komax 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.

Current score: 0.518 Hold/Accumulate Unchanged

Predicted Opening Price for Komax Holding AG of Monday, May 6, 2024

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