MCH Group AG Stock Forecast
Red day on Thursday for MCH Group AG stock after losing 0.755%
(Updated on May 30, 2024)
The MCH Group AG stock price fell by -0.755% on the last day (Thursday, 30th May 2024) from 5.30 Fr to 5.26 Fr. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 5.16% from a day low at 5.04 Fr to a day high of 5.30 Fr. The price has fallen in 7 of the last 10 days and is down by -6.07% for this period. Volume has increased on the last day by 9 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, 10 thousand shares were bought and sold for approximately 54.59 Fr thousand.
Given the current short-term trend, the stock is expected to rise 23.48% during the next 3 months and, with a 90% probability hold a price between 6.50 Fr and 7.43 Fr at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MCHN.SW Signals & Forecast
There are few to no technical positive signals at the moment. The MCH Group AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 5.49 Fr and 5.42 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 -9.31%. 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). 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MCH Group AG stock
MCH Group AG finds support from accumulated volume at 5.02 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.260 Fr between high and low, or 5.16%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MCHN.SW) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect MCH Group AG to open at 5.20 Fr, and during the day (based on 14 day Average True Range), to move between 5.11 Fr and 5.41 Fr, which gives a possible trading interval of +/-0.150 Fr (+/-2.86%) up or down from last closing price. If MCH Group AG takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.30 Fr (0.76%) than the support at 5.02 Fr (4.56%), 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?
The MCH Group AG stock holds several negative signals and despite the positive trend, we believe MCH Group AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.786 Sell Candidate Unchanged
Predicted Opening Price for MCH Group AG of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| 5.20 Fr ( 1.14%) | 5.26 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 | 5.46 | 3.80 % | |
| R2 | 5.36 | 1.91 % | ||
| R1 | 5.30 | 0.748 % | ||
| Current price: | 5.26 | |||
| Support | S1 | 5.10 | -3.03 % | |
| S2 | 5.04 | -4.20 % | ||
| S3 | 4.94 | -6.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.66 | 7.60 % | |
| R2 | 5.54 | 5.32 % | ||
| R1 | 5.30 | 0.760 % | ||
| Current price | 5.26 | |||
| Support | S1 | 5.02 | -4.56% | |
| S2 | 4.96 | -5.70% | ||
| S3 | 4.83 | -8.17% |
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
Click here for our free guide on how to buy MCH Group AG Stock.
