Komax Holding AG Stock Forecast
Komax Holding AG stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Komax Holding AG stock price fell by -0.83% on the last day (Friday, 17th May 2024) from 169.00 Fr to 167.60 Fr. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.20% from a day low at 167.00 Fr to a day high of 169.00 Fr. The price has risen in 6 of the last 10 days and is up by 5.14% over the past 2 weeks. 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 -135 shares and in total, 6 thousand shares were bought and sold for approximately 934.54 Fr thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Komax Holding AG stock with a 90% probability to be traded between 160.11 Fr and 186.76 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KOMN.SW Signals & Forecast
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. The Komax 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 168.57 Fr and 169.33 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -2.10%. 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 Komax Holding AG stock
Komax Holding AG finds support from accumulated volume at 164.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 2.00 Fr between high and low, or 1.20%. For the last week the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KOMN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Komax Holding AG to open at 167.87 Fr, and during the day (based on 14 day Average True Range), to move between 163.85 Fr and 171.35 Fr, which gives a possible trading interval of +/-3.75 Fr (+/-2.24%) up or down from last closing price. If Komax Holding AG takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 169.60 Fr (1.19%) than the support at 164.00 Fr (2.15%), 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 Komax Holding AG stock A Buy?
Komax 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.214 Sell Candidate Downgraded
Predicted Opening Price for Komax Holding AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 167.87 Fr ( 0.159%) | 167.60 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOMN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.87 | 1.35 % | |
| R2 | 169.10 | 0.90 % | ||
| R1 | 168.63 | 0.615 % | ||
| Current price: | 167.60 | |||
| Support | S1 | 167.10 | -0.297 % | |
| S2 | 166.63 | -0.578 % | ||
| S3 | 165.87 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 179.80 | 7.28 % | |
| R2 | 172.80 | 3.10 % | ||
| R1 | 169.60 | 1.19 % | ||
| Current price | 167.60 | |||
| Support | S1 | 164.00 | -2.15% | |
| S2 | 161.20 | -3.82% | ||
| S3 | 160.80 | -4.06% |
KOMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 23, 2024 | 3.00 Fr | 1.89% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 18, 2023 | 5.50 Fr | 2.32% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 4.50 Fr | 1.78% |
| 4 | Apr 23, 2020 | Apr 23, 2020 | Apr 23, 2020 | 1.80 Fr | 1.34% |
| 5 | Mar 14, 2019 | Apr 18, 2019 | Apr 24, 2019 | 7.00 Fr | 2.92% |
FAQ
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