Lonza Group Ltd Stock Forecast
Weaker technical forecast for Lonza Group Ltd as stock downgraded to Sell Candidate.
(Updated on May 10, 2024)
The Lonza Group Ltd stock price fell by -0.0380% on the last day (Friday, 10th May 2024) from 526.40 Fr to 526.20 Fr. During the last trading day the stock fluctuated 1.37% from a day low at 526.20 Fr to a day high of 533.40 Fr. The price has been going up and down for this period, and there has been a 0.65% gain for the last 2 weeks. Volume has increased on the last day by 8 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, 173 thousand shares were bought and sold for approximately 90.84 Fr million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 519.49 Fr is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.83% during the next 3 months and, with a 90% probability hold a price between 617.31 Fr and 703.71 Fr at the end of this 3-month period.
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LONN.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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lonza Group Ltd stock
Lonza Group Ltd finds support from accumulated volume at 510.20 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 7.20 Fr (1.37%) between high and low. For the last week, the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LONN.SW) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Lonza Group Ltd to open at 528.60 Fr, and during the day (based on 14 day Average True Range), to move between 514.46 Fr and 537.94 Fr, which gives a possible trading interval of +/-11.74 Fr (+/-2.23%) up or down from last closing price. If Lonza Group Ltd takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 526.40 Fr (0.04%) than the support at 510.20 Fr (3.04%), 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 Lonza Group Ltd stock A Buy?
The Lonza Group Ltd stock holds several negative signals and despite the positive trend, we believe Lonza Group Ltd will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -1.325 Sell Candidate Downgraded
Predicted Opening Price for Lonza Group Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 528.60 Fr ( 0.456%) | 526.20 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LONN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 535.80 | 1.82 % | |
| R2 | 533.05 | 1.30 % | ||
| R1 | 531.35 | 0.98 % | ||
| Current price: | 526.20 | |||
| Support | S1 | 525.85 | -0.0666 % | |
| S2 | 524.15 | -0.390 % | ||
| S3 | 521.40 | -0.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 540.20 | 2.66 % | |
| R2 | 535.40 | 1.75 % | ||
| R1 | 526.40 | 0.0380 % | ||
| Current price | 526.20 | |||
| Support | S1 | 510.20 | -3.04% | |
| S2 | 509.60 | -3.15% | ||
| S3 | 474.00 | -9.92% |
LONN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2023 | May 09, 2023 | May 09, 2023 | 3.50 Fr | 0.621% |
| 2 | May 09, 2022 | May 09, 2022 | May 09, 2022 | 3.00 Fr | 0.577% |
| 3 | May 10, 2021 | May 10, 2021 | May 10, 2021 | 3.00 Fr | 0.532% |
| 4 | Jan 21, 2020 | Apr 30, 2020 | May 05, 2020 | 2.75 Fr | 0.626% |
| 5 | Jan 30, 2019 | Apr 24, 2019 | Apr 26, 2019 | 2.75 Fr | 0.88% |
FAQ
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