Sonova Holding AG Stock Forecast
Green day on Thursday for Sonova Holding AG stock after gaining 0.82%
(Updated on May 09, 2024)
The Sonova Holding AG stock price gained 0.82% on the last trading day (Thursday, 9th May 2024), rising from $58.71 to $59.19. During the last trading day the stock fluctuated 1.04% from a day low at $58.70 to a day high of $59.31. The price has risen in 7 of the last 10 days and is up by 7.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $539.69 thousand.
Given the current short-term trend, the stock is expected to fall -15.23% during the next 3 months and, with a 90% probability hold a price between $43.76 and $50.18 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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SONVY Signals & Forecast
Mostly positive signals in the chart today. The Sonova 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 $58.02 and $56.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.15%. 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). Sonova Holding AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Sonova Holding AG stock
Sonova Holding AG finds support from accumulated volume at $58.36 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 $0.610 (1.04%) between high and low. For the last week, the stock has had daily average volatility of 0.80%.
Our recommended stop-loss: $56.48 (-4.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SONVY) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Sonova Holding AG to open at $59.07, and during the day (based on 14 day Average True Range), to move between $58.27 and $60.11, which gives a possible trading interval of +/-$0.92 (+/-1.55%) up or down from last closing price. If Sonova Holding AG takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.36 (1.40%) than the resistance at $60.75 (2.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sonova 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.
Current score: 1.535 Buy Candidate Unchanged
Predicted Opening Price for Sonova Holding AG of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $59.07 ( 0.208%) | $59.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SONVY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.68 | 0.82 % | |
| R2 | 59.44 | 0.428 % | ||
| R1 | 59.30 | 0.185 % | ||
| Current price: | 59.19 | |||
| Support | S1 | 58.83 | -0.602 % | |
| S2 | 58.69 | -0.84 % | ||
| S3 | 58.46 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.23 | 5.14 % | |
| R2 | 61.35 | 3.65 % | ||
| R1 | 60.75 | 2.64 % | ||
| Current price | 59.19 | |||
| Support | S1 | 58.36 | -1.40% | |
| S2 | 57.05 | -3.62% | ||
| S3 | 55.85 | -5.64% |
SONVY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2023 | Jun 14, 2023 | Jul 05, 2023 | $1.02 | 1.97% |
| 2 | Jun 15, 2022 | Jun 16, 2022 | Jul 06, 2022 | $0.92 | 1.39% |
| 3 | May 21, 2021 | Jun 17, 2021 | Jul 06, 2021 | $0.712 | 0.93% |
| 4 | Jun 17, 2019 | Jun 17, 2019 | Jul 05, 2019 | $0.575 | 1.30% |
| 5 | Jun 04, 2018 | Jun 14, 2018 | Jul 03, 2018 | $0.526 | 1.49% |
FAQ
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