Mikron Holding AG Stock Forecast
Green day on Friday for Mikron Holding AG
(Updated on May 17, 2024)
The Mikron Holding AG stock price gained 1.78% on the last trading day (Friday, 17th May 2024), rising from 16.90 Fr to 17.20 Fr. During the last trading day the stock fluctuated 2.08% from a day low at 16.85 Fr to a day high of 17.20 Fr. The price has fallen in 6 of the last 10 days but is still up by 0.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately 287.05 Fr thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 16.84 Fr is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.35% during the next 3 months and, with a 90% probability hold a price between 17.23 Fr and 20.53 Fr at the end of this 3-month period.
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MIKN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 2.38%. Further rise is indicated until a new top pivot has been found. Mikron Holding AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mikron Holding AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 18.08 Fr. On a fall, the stock will find some support from the short-term average at 16.97 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Mikron Holding AG stock
Mikron Holding AG finds support from accumulated volume at 17.15 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 0.350 Fr between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: 16.26 Fr (-5.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (MIKN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Mikron Holding AG to open at 17.08 Fr, and during the day (based on 14 day Average True Range), to move between 16.68 Fr and 17.72 Fr, which gives a possible trading interval of +/-0.524 Fr (+/-3.05%) up or down from last closing price. If Mikron Holding AG takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.15 Fr (0.29%) than the resistance at 18.25 Fr (6.10%), 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?
Mikron Holding AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.351 Hold/Accumulate Unchanged
Predicted Opening Price for Mikron Holding AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 17.08 Fr ( 0.678%) | 17.20 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 | 17.43 | 1.36 % | |
| R2 | 17.30 | 0.579 % | ||
| R1 | 17.22 | 0.0990 % | ||
| Current price: | 17.20 | |||
| Support | S1 | 16.95 | -1.46 % | |
| S2 | 16.87 | -1.94 % | ||
| S3 | 16.73 | -2.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.65 | 8.43 % | |
| R2 | 18.35 | 6.69 % | ||
| R1 | 18.25 | 6.10 % | ||
| Current price | 17.20 | |||
| Support | S1 | 17.15 | -0.291% | |
| S2 | 16.95 | -1.45% | ||
| S3 | 16.80 | -2.33% |
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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