Roche Holding AG Stock Forecast
Stronger technical forecast for Roche Holding AG stock price after Friday trading.
(Updated on May 17, 2024)
The Roche Holding AG stock price gained 0.98% on the last trading day (Friday, 17th May 2024), rising from 234.80 Fr to 237.10 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 1.62% from a day low at 234.00 Fr to a day high of 237.80 Fr. The price has risen in 9 of the last 10 days and is up by 10.74% over the past 2 weeks. Volume fell on the last day by -798 thousand shares and in total, 2 million shares were bought and sold for approximately 419.60 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.
Given the current short-term trend, the stock is expected to fall -5.11% during the next 3 months and, with a 90% probability hold a price between 201.13 Fr and 224.97 Fr 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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ROG.SW Signals & Forecast
Mostly positive signals in the chart today. 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 228.46 Fr and 223.92 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 10.74%. 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 232.40 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 3.80 Fr (1.62%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: 229.94 Fr (-3.02%) (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 (ROG.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 236.30 Fr, and during the day (based on 14 day Average True Range), to move between 232.30 Fr and 241.90 Fr, which gives a possible trading interval of +/-4.80 Fr (+/-2.03%) up or down from last closing price. If Roche Holding AG takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 241.00 Fr (1.64%) than the support at 232.40 Fr (1.98%), 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?
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: 2.760 Buy Candidate Upgraded
Predicted Opening Price for Roche Holding AG of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
236.30 Fr ( 0.337%) | 237.10 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROG.SW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 240.10 | 1.27 % | |
R2 | 238.65 | 0.653 % | ||
R1 | 237.75 | 0.275 % | ||
Current price: | 237.10 | |||
Support | S1 | 234.85 | -0.95 % | |
S2 | 233.95 | -1.33 % | ||
S3 | 232.50 | -1.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 244.75 | 3.23 % | |
R2 | 242.00 | 2.07 % | ||
R1 | 241.00 | 1.64 % | ||
Current price | 237.10 | |||
Support | S1 | 232.40 | -1.98% | |
S2 | 230.80 | -2.66% | ||
S3 | 229.70 | -3.12% |
ROG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 18, 2024 | 9.60 Fr | 4.18% |
2 | Mar 16, 2023 | Mar 16, 2023 | Mar 20, 2023 | 9.50 Fr | 3.63% |
3 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | 9.30 Fr | 2.59% |
4 | Mar 18, 2021 | Mar 18, 2021 | Mar 18, 2021 | 9.10 Fr | 2.97% |
5 | Mar 19, 2020 | Mar 19, 2020 | Mar 19, 2020 | 9.00 Fr | 2.92% |
FAQ
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