Roche Holding AG Stock Forecast
Roche Holding AG stock price up more than 12.82% on Friday
(Updated on May 10, 2024)
The Roche Holding AG stock price gained 12.82% on the last trading day (Friday, 10th May 2024), rising from $256.49 to $289.37. During the last trading day the stock fluctuated 0% from a day low at $289.37 to a day high of $289.37. The price has risen in 4 of the last 10 days and is up by 13.21% over the past 2 weeks. Volume fell on the last day by -386 shares and in total, 22 shares were bought and sold for approximately $6.37 thousand. 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.
Given the current short-term trend, the stock is expected to fall -8.19% during the next 3 months and, with a 90% probability hold a price between $218.69 and $265.66 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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RHHBF Signals & Forecast
The Roche Holding 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 $264.00 and $262.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 15.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Roche Holding AG stock
Roche Holding AG finds support from accumulated volume at $284.50 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: $280.11 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (RHHBF) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Roche Holding AG to open at $289.37, and during the day (based on 14 day Average True Range), to move between $278.50 and $300.24, which gives a possible trading interval of +/-$10.87 (+/-3.75%) up or down from last closing price. If Roche Holding AG takes out the full calculated possible swing range there will be an estimated 7.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $291.50 (0.74%) than the support at $284.50 (1.68%), 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.
Earnings coming up
Roche Holding AG will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for Roche Holding AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.95% in the first trading day after earnings release.
Is Roche Holding AG stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.523 Buy Candidate Upgraded
Predicted Opening Price for Roche Holding AG of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $289.37 ( 0%) | $289.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RHHBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 289.37 | . | |
| R2 | 289.37 | . | ||
| R1 | 289.37 | . | ||
| Current price: | 289.37 | |||
| Support | S1 | 289.37 | . | |
| S2 | 289.37 | . | ||
| S3 | 289.37 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 293.50 | 1.43 % | |
| R2 | 292.59 | 1.11 % | ||
| R1 | 291.50 | 0.736 % | ||
| Current price | 289.37 | |||
| Support | S1 | 284.50 | -1.68% | |
| S2 | 278.00 | -3.93% | ||
| S3 | 267.84 | -7.44% |
RHHBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 18, 2024 | $11.19 | 4.09% |
| 2 | Mar 16, 2023 | Mar 16, 2023 | Mar 10, 2015 | $10.18 | 3.88% |
| 3 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | $9.89 | 2.28% |
| 4 | Mar 18, 2021 | Mar 18, 2021 | Mar 18, 2021 | $9.87 | 2.87% |
| 5 | Mar 19, 2020 | Mar 19, 2020 | Mar 19, 2020 | $9.30 | 3.04% |
FAQ
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