Swiss Helvetia Fund Inc (The) Stock Forecast
Red day on Friday for Swiss Helvetia Fund Inc (The) stock after losing 0.132%
(Updated on Apr 26, 2024)
The Swiss Helvetia Fund Inc (The) stock price fell by -0.132% on the last day (Friday, 26th Apr 2024) from $7.57 to $7.56. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.665% from a day low at $7.52 to a day high of $7.57. The price has been going up and down for this period, and there has been a 0.13% gain for the last 2 weeks. Volume has increased on the last day by 9 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, 14 thousand shares were bought and sold for approximately $102.26 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.85% during the next 3 months and, with a 90% probability hold a price between $7.09 and $7.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SWZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.800%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Swiss Helvetia Fund Inc (The) 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 $7.59 and $7.78. 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). Swiss Helvetia Fund Inc (The) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Swiss Helvetia Fund Inc (The) stock
Swiss Helvetia Fund Inc (The) finds support from accumulated volume at $7.55 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 $0.0500 between high and low, or 0.665%. For the last week the stock has had daily average volatility of 0.778%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Swiss Helvetia Fund Inc (The) to open at $7.55, and during the day (based on 14 day Average True Range), to move between $7.48 and $7.64, which gives a possible trading interval of +/-$0.0781 (+/-1.03%) up or down from last closing price. If Swiss Helvetia Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.55 (0.13%) than the resistance at $7.82 (3.44%), 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 Helvetia Fund Inc (The) stock A Buy?
Swiss Helvetia Fund Inc (The) holds several negative signals and is within a 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: -2.136 Sell Candidate Unchanged
Predicted Opening Price for Swiss Helvetia Fund Inc (The) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $7.55 ( 0.132%) | $7.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.60 | 0.529 % | |
| R2 | 7.58 | 0.276 % | ||
| R1 | 7.57 | 0.120 % | ||
| Current price: | 7.56 | |||
| Support | S1 | 7.53 | -0.385 % | |
| S2 | 7.52 | -0.541 % | ||
| S3 | 7.50 | -0.794 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.94 | 5.03 % | |
| R2 | 7.90 | 4.50 % | ||
| R1 | 7.82 | 3.44 % | ||
| Current price | 7.56 | |||
| Support | S1 | 7.55 | -0.132% | |
| S2 | 7.54 | -0.265% | ||
| S3 | 7.50 | -0.794% |
SWZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 18, 2024 | Mar 28, 2024 | $0.129 | 1.63% |
| 2 | Dec 08, 2023 | Dec 18, 2023 | Dec 29, 2023 | $0.129 | 1.57% |
| 3 | Sep 07, 2023 | Sep 19, 2023 | Sep 29, 2023 | $0.123 | 1.61% |
| 4 | Jun 09, 2023 | Jun 20, 2023 | Jun 30, 2023 | $0.123 | 1.50% |
| 5 | Mar 09, 2023 | Mar 21, 2023 | Oct 19, 2018 | $0.123 | 1.56% |
FAQ
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