Schindler Holding AG Stock Forecast

Schindler Holding AG stock price up 0.88% on Wednesday
(Updated on May 08, 2024)

SCHN.SW Signals & Forecast

Mostly positive signals in the chart today. The Schindler 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 225.71 Fr and 221.85 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 6.98%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Schindler Holding AG stock

Schindler Holding AG finds support from accumulated volume at 226.80 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 3.50 Fr between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.48%.

The Schindler Holding AG stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 218.68 Fr (-4.92%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (SCHN.SW) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Schindler Holding AG to open at 228.83 Fr, and during the day (based on 14 day Average True Range), to move between 226.36 Fr and 233.64 Fr, which gives a possible trading interval of +/-3.64 Fr (+/-1.58%) up or down from last closing price. If Schindler Holding AG takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 226.80 Fr, some 3.20 Fr (1.39%) from the current price of 230.00 Fr, our system finds the risk reward attractive.

Is Schindler Holding AG stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Schindler Holding AG stock to perform well in the short-term period.

Current score: 4.312 Buy Candidate Unchanged

Predicted Opening Price for Schindler Holding AG of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.