Thurgauer Kantonalbank Stock Forecast
Red day on Wednesday for Thurgauer Kantonalbank stock after losing 0%
(Updated on May 08, 2024)
No changes to the price of Thurgauer Kantonalbank stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 0.395% from a day low at 126.50 Fr to a day high of 127.00 Fr. The price has been going up and down for this period, and there has been a -1.56% loss for the last 2 weeks.
Given the current short-term trend, the stock is expected to rise 6.73% during the next 3 months and, with a 90% probability hold a price between 135.01 Fr and 139.83 Fr at the end of this 3-month period.
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TKBP.SW Signals & Forecast
The Thurgauer Kantonalbank stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 126.64 Fr. On a fall, the stock will find some support from the long-term average at approximately 126.26 Fr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -2.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Thurgauer Kantonalbank stock
Thurgauer Kantonalbank finds support from accumulated volume at 124.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.500 Fr between high and low, or 0.395%. For the last week the stock has had daily average volatility of 0.716%.
Our recommended stop-loss: 121.09 Fr (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (TKBP.SW) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Thurgauer Kantonalbank to open at 126.67 Fr, and during the day (based on 14 day Average True Range), to move between 125.01 Fr and 127.99 Fr, which gives a possible trading interval of +/-1.49 Fr (+/-1.18%) up or down from last closing price. If Thurgauer Kantonalbank takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 127.00 Fr (0.40%) than the support at 124.00 Fr (1.98%), 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 Thurgauer Kantonalbank stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Thurgauer Kantonalbank stock to perform well in the short-term.
Current score: 2.499 Buy Candidate Unchanged
Predicted Opening Price for Thurgauer Kantonalbank of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
126.67 Fr ( 0.132%) | 126.50 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKBP.SW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 127.17 | 0.527 % | |
R2 | 126.98 | 0.376 % | ||
R1 | 126.86 | 0.283 % | ||
Current price: | 126.50 | |||
Support | S1 | 126.48 | -0.0192 % | |
S2 | 126.36 | -0.113 % | ||
S3 | 126.17 | -0.264 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 129.00 | 1.98 % | |
R2 | 128.50 | 1.58 % | ||
R1 | 127.00 | 0.395 % | ||
Current price | 126.50 | |||
Support | S1 | 124.00 | -1.98% | |
S2 | 123.00 | -2.77% | ||
S3 | 122.00 | -3.56% |
TKBP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 03, 2024 | Jun 03, 2024 | Jun 05, 2024 | 3.30 Fr | 2.60% |
2 | Jun 12, 2023 | Jun 12, 2023 | Jun 14, 2023 | 3.10 Fr | 2.57% |
3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 3.10 Fr | 2.77% |
4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | 3.00 Fr | 2.79% |
5 | Feb 18, 2020 | Jun 08, 2020 | Jun 10, 2020 | 2.80 Fr | 2.62% |
FAQ
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