MCH Group AG Stock Forecast
Evaluation of MCH Group AG stock downgraded after the last trading session.
(Updated on May 08, 2024)
The MCH Group AG stock price fell by -0.352% on the last day (Wednesday, 8th May 2024) from 5.68 Fr to 5.66 Fr. During the last trading day the stock fluctuated 3.27% from a day low at 5.50 Fr to a day high of 5.68 Fr. The price has fallen in 5 of the last 10 days but is still up by 3.66% over the past 2 weeks. Volume has increased on the last day by 13 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, 18 thousand shares were bought and sold for approximately 102.27 Fr thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 5.71 Fr will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 41.30% during the next 3 months and, with a 90% probability hold a price between 7.44 Fr and 8.06 Fr at the end of this 3-month period.
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MCHN.SW Signals & Forecast
The MCH Group AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 5.51 Fr and 5.18 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 Tuesday, May 07, 2024, and so far it has fallen -0.352%. Further fall is indicated until a new bottom pivot has been found. MCH Group 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 MCH Group AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 5.02 Fr and 4.60 Fr. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MCH Group AG finds support just below today's level at 5.02 Fr. If this is broken, then the next support from accumulated volume will be at 4.60 Fr and 4.29 Fr.
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 0.180 Fr between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: 5.50 Fr (-2.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MCHN.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect MCH Group AG to open at 5.61 Fr, and during the day (based on 14 day Average True Range), to move between 5.50 Fr and 5.82 Fr, which gives a possible trading interval of +/-0.161 Fr (+/-2.84%) up or down from last closing price. If MCH Group AG takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.68 Fr (0.35%) than the support at 5.02 Fr (11.31%), 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 MCH Group AG 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 MCH Group AG stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.602 Buy Candidate Downgraded
Predicted Opening Price for MCH Group AG of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 5.61 Fr ( 0.82%) | 5.66 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCHN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.79 | 2.36 % | |
| R2 | 5.72 | 1.14 % | ||
| R1 | 5.68 | 0.390 % | ||
| Current price: | 5.66 | |||
| Support | S1 | 5.54 | -2.04 % | |
| S2 | 5.50 | -2.79 % | ||
| S3 | 5.43 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 5.68 | 0.353 % | ||
| Current price | 5.66 | |||
| Support | S1 | 5.02 | -11.31% | |
| S2 | 4.60 | -18.73% | ||
| S3 | 4.29 | -24.20% |
MCHN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2017 | Apr 28, 2017 | Sep 29, 2022 | 0.423 Fr | 8.92% |
| 2 | Mar 17, 2016 | Apr 26, 2016 | Apr 29, 2016 | 0.423 Fr | 0.663% |
| 3 | May 06, 2015 | May 06, 2015 | May 06, 2015 | 0.423 Fr | 0.695% |
| 4 | Apr 01, 2014 | May 26, 2014 | May 30, 2014 | 0.423 Fr | 0.693% |
| 5 | May 02, 2013 | May 29, 2013 | Jun 03, 2013 | 0.423 Fr | 0.729% |
FAQ
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