Straumann Holding AG Stock Forecast

Straumann Holding AG stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)

STMN.SW Signals & Forecast

There are few to no technical positive signals at the moment. The Straumann Holding AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 136.98 Fr and 142.37 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 08, 2024, and so far it has fallen -11.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Straumann Holding AG stock

Straumann Holding AG finds support from accumulated volume at 132.40 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 2.60 Fr (1.97%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.

Our recommended stop-loss: 125.95 Fr (-5.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (STMN.SW) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Straumann Holding AG to open at 133.10 Fr, and during the day (based on 14 day Average True Range), to move between 129.16 Fr and 137.04 Fr, which gives a possible trading interval of +/-3.94 Fr (+/-2.96%) up or down from last closing price. If Straumann Holding AG takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 132.40 Fr (0.53%) than the resistance at 138.55 Fr (4.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Straumann Holding AG stock A Buy?

Straumann Holding AG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.942 Hold/Accumulate Upgraded

Predicted Opening Price for Straumann Holding AG of Monday, April 22, 2024

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