Rieter Holding AG Stock Forecast
Red day on Friday for Rieter Holding AG
(Updated on May 17, 2024)
The Rieter Holding AG stock price fell by -0.753% on the last day (Friday, 17th May 2024) from 132.80 Fr to 131.80 Fr. During the last trading day the stock fluctuated 1.23% from a day low at 130.60 Fr to a day high of 132.20 Fr. The price has risen in 6 of the last 10 days and is up by 2.65% over the past 2 weeks. Volume has increased on the last day by 437 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately 397.51 Fr thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 130.07 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 48.09% during the next 3 months and, with a 90% probability hold a price between 192.61 Fr and 218.15 Fr at the end of this 3-month period.
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RIEN.SW Signals & Forecast
The Rieter 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 131.74 Fr and 129.12 Fr. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.90%. Further fall is indicated until a new bottom pivot has been found. Rieter Holding AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Rieter Holding AG stock
Rieter Holding AG finds support from accumulated volume at 131.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.60 Fr (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: 128.08 Fr (-2.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (RIEN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Rieter Holding AG to open at 131.53 Fr, and during the day (based on 14 day Average True Range), to move between 128.93 Fr and 134.67 Fr, which gives a possible trading interval of +/-2.87 Fr (+/-2.18%) up or down from last closing price. If Rieter Holding AG takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 132.00 Fr (0.15%) than the support at 131.00 Fr (0.61%), 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 Rieter Holding AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rieter Holding AG stock to perform well in the short-term.
Current score: 4.143 Buy Candidate Unchanged
Predicted Opening Price for Rieter Holding AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 131.53 Fr ( 0.202%) | 131.80 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RIEN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.13 | 1.01 % | |
| R2 | 132.52 | 0.548 % | ||
| R1 | 132.14 | 0.261 % | ||
| Current price: | 131.80 | |||
| Support | S1 | 130.92 | -0.666 % | |
| S2 | 130.54 | -0.95 % | ||
| S3 | 129.93 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.00 | 0.91 % | |
| R2 | 132.80 | 0.759 % | ||
| R1 | 132.00 | 0.152 % | ||
| Current price | 131.80 | |||
| Support | S1 | 131.00 | -0.607% | |
| S2 | 121.40 | -7.89% | ||
| S3 | 115.80 | -12.14% |
RIEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 19, 2024 | 0 Fr | 0% |
| 2 | Mar 19, 2024 | Mar 19, 2024 | Mar 19, 2024 | 0 Fr | 0% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 1.50 Fr | 1.55% |
| 4 | Apr 19, 2023 | Apr 19, 2023 | Apr 26, 2023 | 1.50 Fr | 1.57% |
| 5 | Apr 11, 2022 | Apr 11, 2022 | Apr 13, 2022 | 4.00 Fr | 3.03% |
FAQ
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