Leclanché SA Stock Forecast
Leclanché SA stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The Leclanché SA stock price gained 0.98% on the last trading day (Wednesday, 8th May 2024), rising from 0.610 Fr to 0.616 Fr. During the last trading day the stock fluctuated 7.69% from a day low at 0.572 Fr to a day high of 0.616 Fr. The price has been going up and down for this period, and there has been a 2.67% gain for the last 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 33 thousand shares were bought and sold for approximately 20.06 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.75% during the next 3 months and, with a 90% probability hold a price between 0.588 Fr and 0.677 Fr at the end of this 3-month period.
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LECN.SW Signals & Forecast
The Leclanché SA 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 0.596 Fr and 0.607 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 Monday, May 06, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Leclanché SA stock
Leclanché SA finds support from accumulated volume at 0.600 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 0.0440 Fr between high and low, or 7.69%. For the last week the stock has had daily average volatility of 7.24%.
Our recommended stop-loss: 0.595 Fr (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (LECN.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Leclanché SA to open at 0.601 Fr, and during the day (based on 14 day Average True Range), to move between 0.572 Fr and 0.660 Fr, which gives a possible trading interval of +/-0.0444 Fr (+/-7.21%) up or down from last closing price. If Leclanché SA takes out the full calculated possible swing range there will be an estimated 14.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.620 Fr (0.65%) than the support at 0.600 Fr (2.60%), 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 Leclanché SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Leclanché SA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.072 Buy Candidate Upgraded
Predicted Opening Price for Leclanché SA of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 0.601 Fr ( 2.38%) | 0.616 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LECN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.645 | 4.76 % | |
| R2 | 0.629 | 2.03 % | ||
| R1 | 0.618 | 0.348 % | ||
| Current price: | 0.616 | |||
| Support | S1 | 0.585 | -5.11 % | |
| S2 | 0.574 | -6.80 % | ||
| S3 | 0.557 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.630 | 2.27 % | |
| R2 | 0.628 | 1.95 % | ||
| R1 | 0.620 | 0.649 % | ||
| Current price | 0.616 | |||
| Support | S1 | 0.600 | -2.60% | |
| S2 | 0.590 | -4.22% | ||
| S3 | 0.580 | -5.84% |
LECN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2001 | Jun 20, 2001 | Jun 20, 2001 | 0.238 Fr | 0% |
| 2 | May 29, 2000 | Jun 21, 2000 | Jun 21, 2000 | 0.238 Fr | 0% |
| 3 | May 29, 1998 | Jun 24, 1998 | Jun 24, 1998 | 0.198 Fr | 0% |
| 4 | Jun 02, 1997 | Jun 25, 1997 | Jun 25, 1997 | 0.278 Fr | 0% |
FAQ
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