Bergbahnen Engelberg-Trübsee-Titlis AG Stock Forecast
Weaker technical forecast for Bergbahnen Engelberg-Trübsee-Titlis AG as stock downgraded to Sell Candidate.
(Updated on May 23, 2024)
The Bergbahnen Engelberg-Trübsee-Titlis AG stock price fell by -1.91% on the last day (Thursday, 23rd May 2024) from 41.80 Fr to 41.00 Fr. During the last trading day the stock fluctuated 1.95% from a day low at 41.00 Fr to a day high of 41.80 Fr. The price has risen in 6 of the last 10 days but is still down by -1.44% for this period. 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 -860 shares and in total, 338 shares were bought and sold for approximately 13.86 Fr thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bergbahnen Engelberg-Trübsee-Titlis AG stock with a 90% probability to be traded between 39.12 Fr and 41.06 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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TIBN.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 Bergbahnen Engelberg-Trübsee-Titlis AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 41.24 Fr and 41.18 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -1.91%. 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. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, May 22, 2024 and based on theory for this formation the price should fall by -0.0300% to 40.99 Fr within 7 trading days since signal was issued (Friday, May 24, 2024).
Support, Risk & Stop-loss for Bergbahnen Engelberg-Trübsee-Titlis AG stock
Bergbahnen Engelberg-Trübsee-Titlis AG finds support from accumulated volume at 40.70 Fr 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.800 Fr between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.76%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIBN.SW) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Bergbahnen Engelberg-Trübsee-Titlis AG to open at 41.27 Fr, and during the day (based on 14 day Average True Range), to move between 40.19 Fr and 41.81 Fr, which gives a possible trading interval of +/-0.81 Fr (+/-1.98%) up or down from last closing price. If Bergbahnen Engelberg-Trübsee-Titlis AG takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 41.10 Fr (0.24%) than the support at 40.70 Fr (0.73%), 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 Bergbahnen Engelberg-Trübsee-Titlis AG stock A Buy?
Bergbahnen Engelberg-Trübsee-Titlis AG holds several negative signals and is within a narrow 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 Buy to a Sell candidate.
Current score: -3.578 Sell Candidate Downgraded
Predicted Opening Price for Bergbahnen Engelberg-Trübsee-Titlis AG of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| 41.27 Fr ( 0.650%) | 41.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIBN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.07 | 2.60 % | |
| R2 | 41.76 | 1.86 % | ||
| R1 | 41.57 | 1.40 % | ||
| Current price: | 41.00 | |||
| Support | S1 | 40.96 | -0.0950 % | |
| S2 | 40.77 | -0.555 % | ||
| S3 | 40.47 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.00 | 2.44 % | |
| R2 | 41.80 | 1.95 % | ||
| R1 | 41.10 | 0.244 % | ||
| Current price | 41.00 | |||
| Support | S1 | 40.70 | -0.732% | |
| S2 | 40.60 | -0.98% | ||
| S3 | 40.20 | -1.95% |
TIBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 31, 2020 | Mar 31, 2020 | Mar 31, 2020 | 1.88 Fr | 3.55% |
| 2 | Apr 16, 2019 | Apr 16, 2019 | Apr 16, 2019 | 1.88 Fr | 2.42% |
| 3 | Mar 27, 2018 | Mar 27, 2018 | Mar 27, 2018 | 1.68 Fr | 1.96% |
| 4 | Apr 11, 2017 | Apr 11, 2017 | Apr 11, 2017 | 1.60 Fr | 2.23% |
| 5 | Mar 22, 2016 | Mar 22, 2016 | Mar 22, 2016 | 1.60 Fr | 2.00% |
FAQ
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