Roche Holding AG 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
Roche Holding AG stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Roche Holding AG stock price gained 0.545% on the last trading day (Friday, 17th May 2024), rising from 256.80 Fr to 258.20 Fr. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.64% from a day low at 255.60 Fr to a day high of 259.80 Fr. The price has risen in 9 of the last 10 days and is up by 10.25% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 25 thousand shares were bought and sold for approximately 6.33 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 248.90 Fr is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 268.47 Fr sometime during the next 3 months.
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RO.SW 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 249.69 Fr and 241.38 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 10.25%. 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). 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.
Support, Risk & Stop-loss for Roche Holding AG stock
Roche Holding AG finds support from accumulated volume at 245.40 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 4.20 Fr (1.64%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: 250.45 Fr (-3.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (RO.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Roche Holding AG to open at 257.87 Fr, and during the day (based on 14 day Average True Range), to move between 253.17 Fr and 263.23 Fr, which gives a possible trading interval of +/-5.03 Fr (+/-1.95%) up or down from last closing price. If Roche Holding AG takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 258.60 Fr (0.15%) than the support at 245.40 Fr (4.96%), 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 Roche Holding AG stock A Buy?
Roche Holding AG 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.510 Hold/Accumulate Downgraded
Predicted Opening Price for Roche Holding AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 257.87 Fr ( 0.129%) | 258.20 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 | 262.07 | 1.50 % | |
| R2 | 260.46 | 0.88 % | ||
| R1 | 259.47 | 0.492 % | ||
| Current price: | 258.20 | |||
| Support | S1 | 256.26 | -0.750 % | |
| S2 | 255.27 | -1.13 % | ||
| S3 | 253.67 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 258.60 | 0.155 % | ||
| Current price | 258.20 | |||
| Support | S1 | 245.40 | -4.96% | |
| S2 | 242.60 | -6.04% | ||
| S3 | 240.00 | -7.05% |
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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