Metall Zug AG Stock Forecast
Metall Zug AG stock price down 2.29% on Monday
(Updated on Jun 17, 2024)
The Metall Zug AG stock price fell by -2.29% on the last day (Monday, 17th Jun 2024) from 1,310.00 Fr to 1,280.00 Fr. During the last trading day the stock fluctuated 3.52% from a day low at 1,280.00 Fr to a day high of 1,325.00 Fr. The price has fallen in 6 of the last 10 days and is down by -3.03% 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 -123 shares and in total, 289 shares were bought and sold for approximately 369.92 Fr thousand.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 1,280.58 Fr is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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METN.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Metall Zug 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 1,326.43 Fr and 1,320.14 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -7.91%. 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). 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.
Support, Risk & Stop-loss for Metall Zug AG stock
Metall Zug AG finds support from accumulated volume at 1,270.00 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 very controlled movements and therefore the general risk is considered very 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 45.00 Fr between high and low, or 3.52%. For the last week the stock has had daily average volatility of 3.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (METN.SW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Metall Zug AG to open at 1,295.00 Fr, and during the day (based on 14 day Average True Range), to move between 1,243.24 Fr and 1,316.76 Fr, which gives a possible trading interval of +/-36.76 Fr (+/-2.87%) up or down from last closing price. If Metall Zug AG takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1,270.00 Fr (0.78%) than the resistance at 1,300.00 Fr (1.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Metall Zug AG stock A Buy?
Metall Zug 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: -4.054 Sell Candidate Unchanged
Predicted Opening Price for Metall Zug AG of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 1,295.00 Fr ( 1.17%) | 1,280.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for METN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,340.00 | 4.69% |
| R2 | 1,322.81 | 3.34% |
| R1 | 1,312.19 | 2.51% |
| Price | 1,280.00 | |
| S1 | 1,277.81 | -0.171% |
| S2 | 1,267.19 | -1.00% |
| S3 | 1,250.00 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,340.00 | 4.69% |
| R2 | 1,310.00 | 2.34% |
| R1 | 1,300.00 | 1.56% |
| Price | 1,280.00 | |
| S1 | 1,270.00 | -0.781% |
| S2 | 1,265.00 | -1.17% |
| S3 | 1,250.00 | -2.34% |
METN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 20.00 Fr | 1.56% |
| 2 | May 03, 2023 | May 03, 2023 | May 05, 2023 | 30.00 Fr | 1.63% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 30.00 Fr | 1.50% |
| 4 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 17.00 Fr | 0.86% |
| 5 | Mar 19, 2020 | Apr 28, 2020 | Apr 30, 2020 | 17.00 Fr | 1.26% |
FAQ
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