Schweizerische Nationalbank Stock Forecast
Schweizerische Nationalbank stock price up 0.750% on Wednesday
(Updated on May 08, 2024)
The Schweizerische Nationalbank stock price gained 0.750% on the last trading day (Wednesday, 8th May 2024), rising from 4,000.00 Fr to 4,030.00 Fr. During the last trading day the stock fluctuated 3.84% from a day low at 3,910.00 Fr to a day high of 4,060.00 Fr. The price has risen in 6 of the last 10 days but is still down by -2.66% for this period. Volume fell on the last day by -24 shares and in total, 20 shares were bought and sold for approximately 80.60 Fr thousand. 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 weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.74% during the next 3 months and, with a 90% probability hold a price between 4,174.36 Fr and 4,781.20 Fr at the end of this 3-month period.
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SNBN.SW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Schweizerische Nationalbank stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 4,050.00 Fr and 4,047.43 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -4.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Schweizerische Nationalbank stock
Schweizerische Nationalbank finds support from accumulated volume at 3,980.00 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 150.00 Fr between high and low, or 3.84%. For the last week the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SNBN.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Schweizerische Nationalbank to open at 4,000.00 Fr, and during the day (based on 14 day Average True Range), to move between 3,919.44 Fr and 4,140.56 Fr, which gives a possible trading interval of +/-110.56 Fr (+/-2.74%) up or down from last closing price. If Schweizerische Nationalbank takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 3,980.00 Fr (1.24%) than the resistance at 4,170.00 Fr (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Schweizerische Nationalbank stock A Buy?
The Schweizerische Nationalbank stock holds several negative signals and despite the positive trend, we believe Schweizerische Nationalbank will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.204 Sell Candidate Unchanged
Predicted Opening Price for Schweizerische Nationalbank of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 4,000.00 Fr ( 0.744%) | 4,030.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNBN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,150.00 | 2.98 % | |
| R2 | 4,092.70 | 1.56 % | ||
| R1 | 4,057.30 | 0.677 % | ||
| Current price: | 4,030.00 | |||
| Support | S1 | 3,942.70 | -2.17 % | |
| S2 | 3,907.30 | -3.04 % | ||
| S3 | 3,850.00 | -4.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,220.00 | 4.71 % | |
| R2 | 4,210.00 | 4.47 % | ||
| R1 | 4,170.00 | 3.47 % | ||
| Current price | 4,030.00 | |||
| Support | S1 | 3,980.00 | -1.24% | |
| S2 | 3,730.00 | -7.44% | ||
| S3 | 3,610.00 | -10.42% |
SNBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 15.00 Fr | 0.202% |
| 2 | May 04, 2021 | May 04, 2021 | May 04, 2021 | 15.00 Fr | 0.282% |
| 3 | Apr 03, 2020 | Apr 28, 2020 | Apr 30, 2020 | 15.00 Fr | 0.309% |
| 4 | Mar 05, 2019 | Apr 30, 2019 | May 03, 2019 | 15.00 Fr | 0.266% |
| 5 | Feb 14, 2018 | May 02, 2018 | May 04, 2018 | 15.00 Fr | 0.238% |
FAQ
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