Medacta International SA Stock Forecast
Medacta International SA stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Medacta International SA stock price gained 0.360% on the last trading day (Wednesday, 24th Apr 2024), rising from 111.00 Fr to 111.40 Fr. During the last trading day the stock fluctuated 2.19% from a day low at 109.40 Fr to a day high of 111.80 Fr. The price has fallen in 6 of the last 10 days and is down by -6.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately 4.23 Fr million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.51% during the next 3 months and, with a 90% probability hold a price between 93.49 Fr and 101.12 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MOVE.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Medacta International SA 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 111.63 Fr and 119.94 Fr. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Medacta International SA stock
Medacta International SA finds support from accumulated volume at 110.60 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 2.40 Fr between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: 104.76 Fr (-5.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (MOVE.SW) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Medacta International SA to open at 110.87 Fr, and during the day (based on 14 day Average True Range), to move between 108.07 Fr and 114.73 Fr, which gives a possible trading interval of +/-3.33 Fr (+/-2.99%) up or down from last closing price. If Medacta International SA takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 110.60 Fr (0.72%) than the resistance at 122.40 Fr (9.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Medacta International SA stock A Buy?
Medacta International SA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.327 Hold/Accumulate Upgraded
Predicted Opening Price for Medacta International SA of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 110.87 Fr ( 0.479%) | 111.40 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOVE.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.27 | 1.68 % | |
| R2 | 112.35 | 0.85 % | ||
| R1 | 111.78 | 0.344 % | ||
| Current price: | 111.40 | |||
| Support | S1 | 109.95 | -1.30 % | |
| S2 | 109.38 | -1.81 % | ||
| S3 | 108.47 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.40 | 12.57 % | |
| R2 | 123.00 | 10.41 % | ||
| R1 | 122.40 | 9.87 % | ||
| Current price | 111.40 | |||
| Support | S1 | 110.60 | -0.718% | |
| S2 | 110.40 | -0.90% | ||
| S3 | 110.00 | -1.26% |
MOVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 14, 2024 | 0.550 Fr | 0.495% |
| 2 | May 02, 2023 | May 02, 2023 | May 04, 2023 | 0.270 Fr | 0.224% |
| 3 | May 23, 2022 | May 23, 2022 | May 25, 2022 | 0.535 Fr | 0.511% |
FAQ
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