Medacta International SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Medacta International SA stock after gaining 0.177%
(Updated on May 03, 2024)
The Medacta International SA stock price gained 0.177% on the last trading day (Friday, 3rd May 2024), rising from 113.00 Fr to 113.20 Fr. During the last trading day the stock fluctuated 2.14% from a day low at 112.40 Fr to a day high of 114.80 Fr. The price has risen in 7 of the last 10 days and is up by 2.54% 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, 3 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately 1.33 Fr million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 114.84 Fr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.95% during the next 3 months and, with a 90% probability hold a price between 88.43 Fr and 95.37 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 Thursday, April 25, 2024, and so far it has risen 4.43%. Further rise is indicated until a new top pivot has been found. Medacta International SA 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 Medacta International SA 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 117.34 Fr. On a fall, the stock will find some support from the short-term average at 111.34 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 Medacta International SA stock
Medacta International SA finds support from accumulated volume at 111.40 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 2.14%. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: 107.69 Fr (-4.87%) (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 (MOVE.SW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Medacta International SA to open at 113.47 Fr, and during the day (based on 14 day Average True Range), to move between 110.26 Fr and 116.14 Fr, which gives a possible trading interval of +/-2.94 Fr (+/-2.60%) up or down from last closing price. If Medacta International SA takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 111.40 Fr (1.59%) than the resistance at 122.40 Fr (8.13%), 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 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: -0.673 Hold/Accumulate Unchanged
Predicted Opening Price for Medacta International SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 113.47 Fr ( 0.236%) | 113.20 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 | 115.87 | 2.36 % | |
| R2 | 114.95 | 1.55 % | ||
| R1 | 114.38 | 1.05 % | ||
| Current price: | 113.20 | |||
| Support | S1 | 112.55 | -0.574 % | |
| S2 | 111.98 | -1.07 % | ||
| S3 | 111.07 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.40 | 10.78 % | |
| R2 | 123.00 | 8.66 % | ||
| R1 | 122.40 | 8.13 % | ||
| Current price | 113.20 | |||
| Support | S1 | 111.40 | -1.59% | |
| S2 | 110.60 | -2.30% | ||
| S3 | 110.00 | -2.83% |
MOVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 14, 2024 | 0.550 Fr | 0.485% |
| 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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