Leonteq AG Stock Forecast
Leonteq AG stock price ended at 23.25 Fr on Monday, after losing 0.428%.
(Updated on Apr 22, 2024)
^ falseThe Leonteq AG stock price fell by -0.428% on the last day (Monday, 22nd Apr 2024) from 23.35 Fr to 23.25 Fr. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 2.16% from a day low at 23.15 Fr to a day high of 23.65 Fr. The price has fallen in 8 of the last 10 days and is down by -9.36% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 thousand shares were bought and sold for approximately 950.09 Fr thousand.
The stock lies in the middle of a wide 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 -24.91% during the next 3 months and, with a 90% probability hold a price between 16.62 Fr and 18.91 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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LEON.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Leonteq 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 24.51 Fr and 25.97 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -14.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Leonteq AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Leonteq AG 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.
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 0.500 Fr between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 3.29%.
Leonteq AG is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LEON.SW) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Leonteq AG to open at 23.35 Fr, and during the day (based on 14 day Average True Range), to move between 22.39 Fr and 24.11 Fr, which gives a possible trading interval of +/-0.86 Fr (+/-3.71%) up or down from last closing price. If Leonteq AG takes out the full calculated possible swing range there will be an estimated 7.41% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 23.70 Fr, some 0.450 Fr (1.94%) from the current price of 23.25 Fr, our system finds the risk reward not very attractive.
Is Leonteq AG stock A Buy?
Leonteq 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.
Current score: -4.332 Sell Candidate Unchanged
Predicted Opening Price for Leonteq AG of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| 23.35 Fr ( 0.430%) | 23.25 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEON.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.85 | 2.58 % | |
| R2 | 23.66 | 1.76 % | ||
| R1 | 23.54 | 1.25 % | ||
| Current price: | 23.25 | |||
| Support | S1 | 23.16 | -0.391 % | |
| S2 | 23.04 | -0.90 % | ||
| S3 | 22.85 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.65 | 10.32 % | |
| R2 | 25.50 | 9.68 % | ||
| R1 | 23.70 | 1.94 % | ||
| Current price | 23.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
LEON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 05, 2024 | 1.00 Fr | 3.96% |
| 2 | Apr 03, 2023 | Apr 03, 2023 | Apr 05, 2023 | 4.00 Fr | 8.60% |
| 3 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | 3.00 Fr | 4.15% |
| 4 | Apr 06, 2021 | Apr 06, 2021 | Apr 06, 2021 | 0.750 Fr | 1.56% |
| 5 | Feb 13, 2020 | Apr 02, 2020 | Apr 06, 2020 | 0.500 Fr | 1.37% |
FAQ
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