Sonova Holding AG Stock Forecast
Red day on Wednesday for Sonova Holding AG stock after losing 0.322%
(Updated on Jul 03, 2024)
The Sonova Holding AG stock price fell by -0.322% on the last day (Wednesday, 3rd Jul 2024) from 279.20 Fr to 278.30 Fr. During the last trading day the stock fluctuated 1.34% from a day low at 277.00 Fr to a day high of 280.70 Fr. The price has risen in 6 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 110 thousand shares were bought and sold for approximately 30.74 Fr million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 274.23 Fr is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.30% during the next 3 months and, with a 90% probability hold a price between 305.21 Fr and 350.96 Fr at the end of this 3-month period.
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SOON.SW Signals & Forecast
There are mixed signals in the stock today. The Sonova Holding 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 283.15 Fr. On a fall, the stock will find some support from the short-term average at 276.80 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -6.45%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sonova Holding AG stock
Sonova Holding AG finds support from accumulated volume at 271.20 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 3.70 Fr (1.34%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOON.SW) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Sonova Holding AG to open at 278.67 Fr, and during the day (based on 14 day Average True Range), to move between 273.15 Fr and 283.45 Fr, which gives a possible trading interval of +/-5.15 Fr (+/-1.85%) up or down from last closing price. If Sonova Holding AG takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 284.80 Fr (2.34%) than the support at 271.20 Fr (2.55%), 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 Sonova Holding AG stock A Buy?
Sonova Holding AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.637 Sell Candidate Unchanged
Predicted Opening Price for Sonova Holding AG of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
278.67 Fr ( 0.132%) | 278.30 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOON.SW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 282.37 | 1.46% |
R2 | 280.95 | 0.95% |
R1 | 280.08 | 0.640% |
Price | 278.30 | |
S1 | 277.25 | -0.376% |
S2 | 276.38 | -0.690% |
S3 | 274.97 | -1.20% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 291.20 | 4.64% |
R2 | 285.80 | 2.69% |
R1 | 284.80 | 2.34% |
Price | 278.30 | |
S1 | 271.20 | -2.55% |
S2 | 259.90 | -6.61% |
S3 | 255.20 | -8.30% |
SOON Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 17, 2024 | 4.30 Fr | 1.58% |
2 | Jun 14, 2023 | Jun 14, 2023 | Jun 20, 2023 | 4.60 Fr | 1.97% |
3 | Jun 17, 2022 | Jun 17, 2022 | Jun 21, 2022 | 4.40 Fr | 1.54% |
4 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | 3.20 Fr | 0.97% |
5 | May 21, 2019 | Jun 17, 2019 | Jun 19, 2019 | 2.88 Fr | 1.24% |
FAQ
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