Roche Holding AG Stock Forecast
Green day on Friday for Roche Holding AG
(Updated on May 03, 2024)
The Roche Holding AG stock price gained 0.598% on the last trading day (Friday, 3rd May 2024), rising from 234.20 Fr to 235.60 Fr. During the last trading day the stock fluctuated 2.32% from a day low at 232.40 Fr to a day high of 237.80 Fr. The price has risen in 6 of the last 10 days but is still down by -0.51% for this period. Volume fell on the last day by -20 thousand shares and in total, 26 thousand shares were bought and sold for approximately 6.01 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 lies in the middle of a wide and 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 -2.68% during the next 3 months and, with a 90% probability hold a price between 223.27 Fr and 247.76 Fr at the end of this 3-month period.
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RO.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.598%. 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. The Roche Holding AG 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 238.26 Fr and 240.11 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 Roche Holding AG stock
Roche Holding AG finds support from accumulated volume at 234.20 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 5.40 Fr between high and low, or 2.32%. For the last week the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RO.SW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Roche Holding AG to open at 235.27 Fr, and during the day (based on 14 day Average True Range), to move between 230.76 Fr and 240.44 Fr, which gives a possible trading interval of +/-4.84 Fr (+/-2.05%) up or down from last closing price. If Roche Holding AG takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 234.20 Fr (0.59%) than the resistance at 240.00 Fr (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Roche Holding AG stock A Buy?
Roche Holding AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.880 Sell Candidate Unchanged
Predicted Opening Price for Roche Holding AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 235.27 Fr ( 0.141%) | 235.60 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RO.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 240.67 | 2.15 % | |
| R2 | 238.60 | 1.27 % | ||
| R1 | 237.33 | 0.734 % | ||
| Current price: | 235.60 | |||
| Support | S1 | 233.20 | -1.02 % | |
| S2 | 231.93 | -1.56 % | ||
| S3 | 229.87 | -2.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 245.40 | 4.16 % | |
| R2 | 242.60 | 2.97 % | ||
| R1 | 240.00 | 1.87 % | ||
| Current price | 235.60 | |||
| Support | S1 | 234.20 | -0.594% | |
| S2 | 232.80 | -1.19% | ||
| S3 | 231.60 | -1.70% |
RO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 18, 2024 | 9.60 Fr | 3.97% |
| 2 | Mar 16, 2023 | Mar 16, 2023 | Mar 20, 2023 | 9.50 Fr | 3.37% |
| 3 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | 9.30 Fr | 2.37% |
| 4 | Mar 18, 2021 | Mar 18, 2021 | Mar 18, 2021 | 9.10 Fr | 2.90% |
| 5 | Mar 19, 2020 | Mar 19, 2020 | Mar 19, 2020 | 9.00 Fr | 3.01% |
FAQ
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