Schweiter Technologies AG Stock Forecast

Schweiter Technologies AG stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)

SWTQ.SW Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 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 452.86 Fr. On a fall, the stock will find some support from the short-term average at 447.57 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 Thursday, May 16, 2024, and so far it has fallen -0.442%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Schweiter Technologies AG stock

Schweiter Technologies AG finds support from accumulated volume at 448.00 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 3.00 Fr between high and low, or 0.668%. For the last week the stock has had daily average volatility of 1.05%.

The Schweiter Technologies AG stock is extremely overbought on RSI14 (93). This increases the short-term risk substantially.

Our recommended stop-loss: 435.11 Fr (-3.31%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 93 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SWTQ.SW) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Schweiter Technologies AG to open at 450.33 Fr, and during the day (based on 14 day Average True Range), to move between 440.36 Fr and 459.64 Fr, which gives a possible trading interval of +/-9.64 Fr (+/-2.14%) up or down from last closing price. If Schweiter Technologies AG takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 448.00 Fr (0.44%) than the resistance at 455.50 Fr (1.22%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.855 Hold/Accumulate Upgraded

Predicted Opening Price for Schweiter Technologies AG of Tuesday, May 21, 2024

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