Schweiter Technologies AG Stock Forecast
Schweiter Technologies AG stock price ended at 408.50 Fr on Friday, after gaining 0.616%.
(Updated on Apr 26, 2024)
The Schweiter Technologies AG stock price gained 0.616% on the last trading day (Friday, 26th Apr 2024), rising from 406.00 Fr to 408.50 Fr. During the last trading day the stock fluctuated 1.61% from a day low at 403.50 Fr to a day high of 410.00 Fr. The price has fallen in 8 of the last 10 days and is down by -10.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 670.76 Fr thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 405.94 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Schweiter Technologies AG stock with a 90% probability to be traded between 402.75 Fr and 502.80 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SWTQ.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.616%. Further rise is indicated until a new top pivot has been found. Schweiter Technologies 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Schweiter Technologies 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 420.43 Fr and 469.16 Fr. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Schweiter Technologies AG stock
Schweiter Technologies AG finds support from accumulated volume at 406.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 6.50 Fr between high and low, or 1.61%. For the last week, the stock has had daily average volatility of 3.09%.
Schweiter Technologies AG is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWTQ.SW) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Schweiter Technologies AG to open at 407.33 Fr, and during the day (based on 14 day Average True Range), to move between 394.48 Fr and 422.52 Fr, which gives a possible trading interval of +/-14.02 Fr (+/-3.43%) up or down from last closing price. If Schweiter Technologies AG takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 406.00 Fr (0.61%) than the resistance at 441.00 Fr (7.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Schweiter Technologies AG stock A Buy?
Schweiter Technologies AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.265 Sell Candidate Unchanged
Predicted Opening Price for Schweiter Technologies AG of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 407.33 Fr ( 0.286%) | 408.50 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWTQ.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 413.83 | 1.31 % | |
| R2 | 411.35 | 0.698 % | ||
| R1 | 409.82 | 0.322 % | ||
| Current price: | 408.50 | |||
| Support | S1 | 404.85 | -0.89 % | |
| S2 | 403.32 | -1.27 % | ||
| S3 | 400.83 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 486.00 | 18.97 % | |
| R2 | 455.50 | 11.51 % | ||
| R1 | 441.00 | 7.96 % | ||
| Current price | 408.50 | |||
| Support | S1 | 406.00 | -0.612% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SWTQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 16, 2024 | 15.00 Fr | 3.36% |
| 2 | Apr 06, 2023 | Apr 06, 2023 | Apr 12, 2023 | 20.00 Fr | 2.97% |
| 3 | Apr 08, 2022 | Apr 08, 2022 | Apr 12, 2022 | 40.00 Fr | 3.85% |
| 4 | Apr 07, 2021 | Apr 07, 2021 | Apr 07, 2021 | 40.00 Fr | 2.56% |
| 5 | Mar 10, 2020 | Apr 15, 2020 | Apr 17, 2020 | 40.00 Fr | 4.29% |
FAQ
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