Swiss Prime Site AG Stock Forecast

Swiss Prime Site AG stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Apr 29, 2024)

SPSN.SW Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 1.61%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Swiss Prime Site 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 85.65 Fr. On a fall, the stock will find some support from the short-term average at 85.09 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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, April 10, 2024 and based on theory for this formation the price should go up by 8.40% to 92.57 Fr within 23 trading days since signal was issued (Tuesday, April 30, 2024).

Support, Risk & Stop-loss for Swiss Prime Site AG stock

Swiss Prime Site AG finds support from accumulated volume at 85.20 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 0.700 Fr between high and low, or 0.83%. For the last week the stock has had daily average volatility of 1.22%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SPSN.SW) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Swiss Prime Site AG to open at 85.23 Fr, and during the day (based on 14 day Average True Range), to move between 84.42 Fr and 86.38 Fr, which gives a possible trading interval of +/-0.98 Fr (+/-1.15%) up or down from last closing price. If Swiss Prime Site AG takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 85.20 Fr (0.23%) than the resistance at 85.75 Fr (0.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Swiss Prime Site AG stock A Buy?

Swiss Prime Site 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.454 Sell Candidate Downgraded

Predicted Opening Price for Swiss Prime Site AG of Tuesday, April 30, 2024

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