Metall Zug AG Stock Forecast
Red day on Tuesday for Metall Zug AG
(Updated on Jun 25, 2024)
The Metall Zug AG stock price fell by -0.400% on the last day (Tuesday, 25th Jun 2024) from 1,250.00 Fr to 1,245.00 Fr. During the last trading day the stock fluctuated 0.81% from a day low at 1,240.00 Fr to a day high of 1,250.00 Fr. The price has fallen in 7 of the last 10 days and is down by -6.74% for this period. Volume has increased on the last day by 71 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, 250 shares were bought and sold for approximately 311.25 Fr thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 1,242.81 Fr is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.35% during the next 3 months and, with a 90% probability hold a price between 1,213.62 Fr and 1,351.40 Fr at the end of this 3-month period.
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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. 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 1,257.14 Fr and 1,316.14 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 -10.43%. 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). Metall Zug 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 Metall Zug AG stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 10.00 Fr between high and low, or 0.81%. For the last week, the stock has had daily average volatility of 1.12%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Metall Zug AG to open at 1,245.00 Fr, and during the day (based on 14 day Average True Range), to move between 1,215.13 Fr and 1,274.87 Fr, which gives a possible trading interval of +/-29.87 Fr (+/-2.40%) up or down from last closing price. If Metall Zug AG takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 1,300.00 Fr, some 55.00 Fr (4.42%) from the current price of 1,245.00 Fr, our system finds the risk reward not very attractive.
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: -3.906 Sell Candidate Unchanged
Predicted Opening Price for Metall Zug AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 1,245.00 Fr ( 0%) | 1,245.00 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 | 1,255.00 | 0.80% |
| R2 | 1,251.18 | 0.496% |
| R1 | 1,248.82 | 0.307% |
| Price | 1,245.00 | |
| S1 | 1,241.18 | -0.307% |
| S2 | 1,238.82 | -0.496% |
| S3 | 1,235.00 | -0.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,340.00 | 7.63% |
| R2 | 1,310.00 | 5.22% |
| R1 | 1,300.00 | 4.42% |
| Price | 1,245.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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