PSP Swiss Property AG Stock Forecast
PSP Swiss Property AG stock upgraded to Buy Candidate.
(Updated on Apr 23, 2024)
The PSP Swiss Property AG stock price gained 0.776% on the last trading day (Tuesday, 23rd Apr 2024), rising from 116.00 Fr to 116.90 Fr. During the last trading day the stock fluctuated 0.95% from a day low at 115.90 Fr to a day high of 117.00 Fr. The price has risen in 6 of the last 10 days and is up by 3% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 46 thousand shares were bought and sold for approximately 5.39 Fr million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PSP Swiss Property AG stock with a 90% probability to be traded between 113.48 Fr and 121.26 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PSPN.SW Signals & Forecast
The PSP Swiss Property AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 115.69 Fr and 115.11 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 4.38%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PSP Swiss Property AG stock
PSP Swiss Property AG finds support from accumulated volume at 114.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.10 Fr between high and low, or 0.95%. For the last week the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: 111.41 Fr (-4.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (PSPN.SW) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect PSP Swiss Property AG to open at 116.60 Fr, and during the day (based on 14 day Average True Range), to move between 115.35 Fr and 118.45 Fr, which gives a possible trading interval of +/-1.55 Fr (+/-1.33%) up or down from last closing price. If PSP Swiss Property AG takes out the full calculated possible swing range there will be an estimated 2.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 118.20 Fr (1.11%) than the support at 114.00 Fr (2.48%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PSP Swiss Property AG stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PSP Swiss Property AG stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.558 Buy Candidate Upgraded
Predicted Opening Price for PSP Swiss Property AG of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 116.60 Fr ( 0.257%) | 116.90 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSPN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.70 | 0.684 % | |
| R2 | 117.28 | 0.325 % | ||
| R1 | 117.02 | 0.103 % | ||
| Current price: | 116.90 | |||
| Support | S1 | 116.18 | -0.616 % | |
| S2 | 115.92 | -0.84 % | ||
| S3 | 115.50 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.20 | 1.97 % | |
| R2 | 118.50 | 1.37 % | ||
| R1 | 118.20 | 1.11 % | ||
| Current price | 116.90 | |||
| Support | S1 | 114.00 | -2.48% | |
| S2 | 113.60 | -2.82% | ||
| S3 | 113.50 | -2.91% |
PSPN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 08, 2024 | Apr 10, 2024 | 3.85 Fr | 3.44% |
| 2 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | 3.80 Fr | 3.71% |
| 3 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | 3.75 Fr | 3.09% |
| 4 | Apr 06, 2021 | Apr 06, 2021 | Apr 06, 2021 | 3.65 Fr | 3.22% |
| 5 | Feb 25, 2020 | Apr 15, 2020 | Apr 17, 2020 | 3.60 Fr | 3.14% |
FAQ
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