Tecan Group Ltd. Stock Forecast
Weaker technical forecast for Tecan Group Ltd. as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)
The Tecan Group Ltd. stock price fell by -0.428% on the last day (Thursday, 2nd May 2024) from 327.00 Fr to 325.60 Fr. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.94% from a day low at 320.00 Fr to a day high of 329.40 Fr. The price has fallen in 6 of the last 10 days and is down by -1.15% for this period. Volume has increased on the last day by 632 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, 31 thousand shares were bought and sold for approximately 10.23 Fr million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 320.52 Fr is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.25% during the next 3 months and, with a 90% probability hold a price between 313.30 Fr and 362.32 Fr at the end of this 3-month period.
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TECN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.18%. 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 Tecan Group Ltd. 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 331.63 Fr and 351.93 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). 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 Tecan Group Ltd. stock
Tecan Group Ltd. finds support from accumulated volume at 325.20 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 9.40 Fr between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 2.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TECN.SW) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Tecan Group Ltd. to open at 325.00 Fr, and during the day (based on 14 day Average True Range), to move between 315.07 Fr and 336.13 Fr, which gives a possible trading interval of +/-10.53 Fr (+/-3.23%) up or down from last closing price. If Tecan Group Ltd. takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 325.20 Fr (0.12%) than the resistance at 336.80 Fr (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 Tecan Group Ltd. stock A Buy?
Tecan Group Ltd. 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. 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: -2.110 Sell Candidate Downgraded
Predicted Opening Price for Tecan Group Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 325.00 Fr ( 0.184%) | 325.60 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TECN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 334.40 | 2.70 % | |
| R2 | 330.81 | 1.60 % | ||
| R1 | 328.59 | 0.92 % | ||
| Current price: | 325.60 | |||
| Support | S1 | 321.41 | -1.29 % | |
| S2 | 319.19 | -1.97 % | ||
| S3 | 315.60 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 369.80 | 13.57 % | |
| R2 | 365.60 | 12.29 % | ||
| R1 | 336.80 | 3.44 % | ||
| Current price | 325.60 | |||
| Support | S1 | 325.20 | -0.123% | |
| S2 | 322.60 | -0.92% | ||
| S3 | 321.80 | -1.17% |
TECN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 24, 2024 | 3.00 Fr | 0.88% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 24, 2023 | 2.90 Fr | 0.712% |
| 3 | Apr 14, 2022 | Apr 14, 2022 | Apr 20, 2022 | 2.80 Fr | 0.86% |
| 4 | Apr 15, 2021 | Apr 15, 2021 | Apr 15, 2021 | 2.30 Fr | 0.503% |
| 5 | Mar 17, 2020 | Apr 09, 2020 | Apr 15, 2020 | 2.20 Fr | 0.755% |
FAQ
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