Mikron Holding AG Stock Forecast
Red day on Wednesday for Mikron Holding AG stock after losing 0.296%
(Updated on May 08, 2024)
The Mikron Holding AG stock price fell by -0.296% on the last day (Wednesday, 8th May 2024) from 16.90 Fr to 16.85 Fr. During the last trading day the stock fluctuated 1.80% from a day low at 16.70 Fr to a day high of 17.00 Fr. The price has fallen in 6 of the last 10 days and is down by -7.16% 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 -352 shares and in total, 9 thousand shares were bought and sold for approximately 146.34 Fr thousand.
Given the current short-term trend, the stock is expected to rise 7.63% during the next 3 months and, with a 90% probability hold a price between 18.14 Fr and 21.91 Fr at the end of this 3-month period.
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MIKN.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Mikron 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 17.21 Fr and 18.31 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, April 08, 2024, and so far it has fallen -15.11%. 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 Mikron Holding AG stock
Mikron Holding AG finds support from accumulated volume at 16.80 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.300 Fr between high and low, or 1.80%. For the last week the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MIKN.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Mikron Holding AG to open at 16.85 Fr, and during the day (based on 14 day Average True Range), to move between 16.31 Fr and 17.39 Fr, which gives a possible trading interval of +/-0.544 Fr (+/-3.23%) up or down from last closing price. If Mikron Holding AG takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.80 Fr (0.30%) than the resistance at 18.25 Fr (8.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mikron Holding AG stock A Buy?
The Mikron Holding AG stock holds several negative signals and despite the positive trend, we believe Mikron Holding AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.363 Sell Candidate Unchanged
Predicted Opening Price for Mikron Holding AG of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 16.85 Fr ( 0%) | 16.85 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIKN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.15 | 1.78 % | |
| R2 | 17.04 | 1.10 % | ||
| R1 | 16.96 | 0.680 % | ||
| Current price: | 16.85 | |||
| Support | S1 | 16.74 | -0.680 % | |
| S2 | 16.66 | -1.10 % | ||
| S3 | 16.55 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.65 | 10.68 % | |
| R2 | 18.35 | 8.90 % | ||
| R1 | 18.25 | 8.31 % | ||
| Current price | 16.85 | |||
| Support | S1 | 16.80 | -0.297% | |
| S2 | 16.75 | -0.593% | ||
| S3 | 16.50 | -2.08% |
MIKN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 29, 2024 | 0.500 Fr | 2.81% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | May 03, 2023 | 0.400 Fr | 3.40% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | May 03, 2022 | 0.240 Fr | 3.05% |
| 4 | Apr 17, 2020 | Apr 17, 2020 | Apr 17, 2020 | 0.0600 Fr | 1.33% |
| 5 | Apr 02, 2019 | Apr 29, 2019 | May 02, 2019 | 0.200 Fr | 2.51% |
FAQ
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