Temenos AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Temenos AG stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 24, 2024)
The Temenos AG stock price fell by -1.88% on the last day (Friday, 24th May 2024) from 58.40 Fr to 57.30 Fr. During the last trading day the stock fluctuated 1.84% from a day low at 57.05 Fr to a day high of 58.10 Fr. The price has risen in 6 of the last 10 days and is up by 6.21% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -92 thousand shares and in total, 180 thousand shares were bought and sold for approximately 10.31 Fr million.
The stock lies in the middle of a very wide and 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 -14.02% during the next 3 months and, with a 90% probability hold a price between 44.76 Fr and 58.88 Fr at the end of this 3-month period.
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TEMN.SW Signals & Forecast
There are mixed signals in the stock today. The Temenos 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 57.47 Fr and 60.22 Fr. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 6.21%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Temenos AG stock
Temenos AG finds support from accumulated volume at 56.40 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock 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 1.05 Fr between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TEMN.SW) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Temenos AG to open at 57.48 Fr, and during the day (based on 14 day Average True Range), to move between 55.35 Fr and 59.25 Fr, which gives a possible trading interval of +/-1.95 Fr (+/-3.40%) up or down from last closing price. If Temenos AG takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 57.60 Fr (0.52%) than the support at 56.40 Fr (1.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Temenos AG stock A Buy?
Temenos AG holds several negative signals and we believe that 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: -1.925 Sell Candidate Downgraded
Predicted Opening Price for Temenos AG of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 57.48 Fr ( 0.320%) | 57.30 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEMN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.53 | 2.15 % | |
| R2 | 58.13 | 1.45 % | ||
| R1 | 57.88 | 1.02 % | ||
| Current price: | 57.30 | |||
| Support | S1 | 57.08 | -0.380 % | |
| S2 | 56.83 | -0.81 % | ||
| S3 | 56.43 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.90 | 2.79 % | |
| R2 | 57.75 | 0.785 % | ||
| R1 | 57.60 | 0.524 % | ||
| Current price | 57.30 | |||
| Support | S1 | 56.40 | -1.57% | |
| S2 | 56.30 | -1.75% | ||
| S3 | 54.40 | -5.06% |
TEMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 14, 2024 | 1.20 Fr | 2.07% |
| 2 | May 05, 2023 | May 05, 2023 | May 09, 2023 | 1.10 Fr | 1.52% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 1.00 Fr | 1.05% |
| 4 | May 25, 2021 | May 25, 2021 | May 25, 2021 | 0.90 Fr | 0.659% |
| 5 | Feb 13, 2020 | May 22, 2020 | May 26, 2020 | 0.85 Fr | 0.575% |
FAQ
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