Swisscom AG Stock Forecast

Green day on Friday for Swisscom AG
(Updated on May 17, 2024)

SCMN.SW Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.86%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Swisscom AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 513.60 Fr. On a fall, the stock will find some support from the short-term average at 502.07 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Swisscom AG stock

Swisscom AG finds support from accumulated volume at 502.00 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 4.20 Fr between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.746%.

Our recommended stop-loss: 474.75 Fr (-5.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (SCMN.SW) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Swisscom AG to open at 502.27 Fr, and during the day (based on 14 day Average True Range), to move between 496.85 Fr and 509.15 Fr, which gives a possible trading interval of +/-6.15 Fr (+/-1.22%) up or down from last closing price. If Swisscom AG takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 503.50 Fr (0.10%) than the support at 502.00 Fr (0.20%), 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 Swisscom AG stock A Buy?

Swisscom 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.

Current score: 0.019 Hold/Accumulate Unchanged

Predicted Opening Price for Swisscom AG of Tuesday, May 21, 2024

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