The Swatch Group AG Stock Forecast
Green day on Friday for The Swatch Group AG stock after gaining 2.62%
(Updated on May 17, 2024)
The The Swatch Group AG stock price gained 2.62% on the last trading day (Friday, 17th May 2024), rising from 38.10 Fr to 39.10 Fr. During the last trading day the stock fluctuated 1.67% from a day low at 38.85 Fr to a day high of 39.50 Fr. The price has risen in 7 of the last 10 days and is up by 2.49% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 107 thousand shares were bought and sold for approximately 4.18 Fr million.
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 -7.25% during the next 3 months and, with a 90% probability hold a price between 34.19 Fr and 37.27 Fr 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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UHRN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 3.44%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Swatch Group AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 39.21 Fr. On a fall, the stock will find some support from the short-term average at 38.54 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for The Swatch Group AG stock
The Swatch Group AG finds support from accumulated volume at 38.85 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 0.650 Fr between high and low, or 1.67%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UHRN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect The Swatch Group AG to open at 39.15 Fr, and during the day (based on 14 day Average True Range), to move between 38.21 Fr and 39.99 Fr, which gives a possible trading interval of +/-0.89 Fr (+/-2.28%) up or down from last closing price. If The Swatch Group AG takes out the full calculated possible swing range there will be an estimated 4.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 39.15 Fr (0.13%) than the support at 38.85 Fr (0.64%), 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 The Swatch Group AG stock A Buy?
The Swatch Group 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.
Current score: -2.949 Sell Candidate Unchanged
Predicted Opening Price for The Swatch Group AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 39.15 Fr ( 0.128%) | 39.10 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UHRN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.80 | 1.79 % | |
| R2 | 39.55 | 1.16 % | ||
| R1 | 39.40 | 0.763 % | ||
| Current price: | 39.10 | |||
| Support | S1 | 38.90 | -0.507 % | |
| S2 | 38.75 | -0.90 % | ||
| S3 | 38.50 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.90 | 4.60 % | |
| R2 | 40.55 | 3.71 % | ||
| R1 | 39.15 | 0.128 % | ||
| Current price | 39.10 | |||
| Support | S1 | 38.85 | -0.639% | |
| S2 | 38.25 | -2.17% | ||
| S3 | 37.90 | -3.07% |
UHRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 15, 2024 | 1.30 Fr | 3.44% |
| 2 | May 12, 2023 | May 12, 2023 | May 16, 2023 | 1.20 Fr | 2.20% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | 1.10 Fr | 2.47% |
| 4 | May 14, 2021 | May 14, 2021 | May 14, 2021 | 0.700 Fr | 1.23% |
| 5 | May 18, 2020 | May 18, 2020 | May 18, 2020 | 1.10 Fr | 3.16% |
FAQ
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