Medartis Holding AG Stock Forecast
Medartis Holding AG stock upgraded to Buy Candidate.
(Updated on May 30, 2024)
The Medartis Holding AG stock price fell by -1.18% on the last day (Thursday, 30th May 2024) from 76.50 Fr to 75.60 Fr. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.33% from a day low at 75.10 Fr to a day high of 76.10 Fr. The price has fallen in 6 of the last 10 days and is down by -1.56% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately 101.76 Fr thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 75.14 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Medartis Holding AG stock with a 90% probability to be traded between 75.41 Fr and 89.95 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MED.SW Signals & Forecast
There are mixed signals in the stock today. The Medartis Holding 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 76.83 Fr and 79.15 Fr. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 0.666%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Medartis Holding AG stock
Medartis Holding AG finds support from accumulated volume at 75.10 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 1.00 Fr between high and low, or 1.33%. For the last week the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: 71.17 Fr (-5.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (MED.SW) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Medartis Holding AG to open at 75.60 Fr, and during the day (based on 14 day Average True Range), to move between 73.48 Fr and 77.72 Fr, which gives a possible trading interval of +/-2.12 Fr (+/-2.80%) up or down from last closing price. If Medartis Holding AG takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 75.10 Fr (0.66%) than the resistance at 81.00 Fr (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Medartis Holding AG stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Medartis Holding AG stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.537 Buy Candidate Upgraded
Predicted Opening Price for Medartis Holding AG of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| 75.60 Fr ( 0%) | 75.60 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MED.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.60 | 1.32 % | |
| R2 | 76.22 | 0.82 % | ||
| R1 | 75.98 | 0.505 % | ||
| Current price: | 75.60 | |||
| Support | S1 | 75.22 | -0.505 % | |
| S2 | 74.98 | -0.82 % | ||
| S3 | 74.60 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.80 | 12.17 % | |
| R2 | 81.20 | 7.41 % | ||
| R1 | 81.00 | 7.14 % | ||
| Current price | 75.60 | |||
| Support | S1 | 75.10 | -0.661% | |
| S2 | 72.40 | -4.23% | ||
| S3 | 69.90 | -7.54% |
FAQ
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