Zuger Kantonalbank Stock Forecast
Stronger technical forecast for Zuger Kantonalbank stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Zuger Kantonalbank stock price fell by -0.474% on the last day (Tuesday, 25th Jun 2024) from 8,440.00 Fr to 8,400.00 Fr. During the last trading day the stock fluctuated 0.96% from a day low at 8,360.00 Fr to a day high of 8,440.00 Fr. The price has fallen in 4 of the last 10 days and is down by -0.71% 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 -25 shares and in total, 22 shares were bought and sold for approximately 184.80 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 Zuger Kantonalbank stock with a 90% probability to be traded between 8,456.07 Fr and 8,590.09 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ZUGER.SW Signals & Forecast
The Zuger 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 8,420.00 Fr. On a fall, the stock will find some support from the long-term average at approximately 8,396.67 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. 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. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -0.709%. 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.
Support, Risk & Stop-loss for Zuger Kantonalbank stock
Zuger Kantonalbank finds support from accumulated volume at 8,380.00 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 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 80.00 Fr between high and low, or 0.96%. For the last week the stock has had daily average volatility of 0.96%
Our recommended stop-loss: 8,054.90 Fr (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (ZUGER.SW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Zuger Kantonalbank to open at 8,400.00 Fr, and during the day (based on 14 day Average True Range), to move between 8,315.02 Fr and 8,484.98 Fr, which gives a possible trading interval of +/-84.98 Fr (+/-1.01%) up or down from last closing price. If Zuger Kantonalbank takes out the full calculated possible swing range there will be an estimated 2.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 8,420.00 Fr (0.24%) than the support at 8,380.00 Fr (0.24%), 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 Zuger Kantonalbank stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Zuger Kantonalbank stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.874 Buy Candidate Upgraded
Predicted Opening Price for Zuger Kantonalbank of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 8,400.00 Fr ( 0%) | 8,400.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZUGER.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,480.00 | 0.95% |
| R2 | 8,449.44 | 0.589% |
| R1 | 8,430.56 | 0.364% |
| Price | 8,400.00 | |
| S1 | 8,369.44 | -0.364% |
| S2 | 8,350.56 | -0.589% |
| S3 | 8,320.00 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,460.00 | 0.714% |
| R2 | 8,440.00 | 0.476% |
| R1 | 8,420.00 | 0.238% |
| Price | 8,400.00 | |
| S1 | 8,380.00 | -0.238% |
| S2 | 8,320.00 | -0.95% |
| S3 | 8,300.00 | -1.19% |
ZUGER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 24, 2024 | 220.00 Fr | 2.63% |
| 2 | May 16, 2023 | May 16, 2023 | May 19, 2023 | 220.00 Fr | 2.85% |
| 3 | May 17, 2022 | May 17, 2022 | May 19, 2022 | 220.00 Fr | 3.08% |
| 4 | May 11, 2021 | May 11, 2021 | May 14, 2021 | 220.00 Fr | 3.22% |
| 5 | Jan 23, 2020 | May 05, 2020 | May 07, 2020 | 220.00 Fr | 3.50% |
FAQ
Click here for our free guide on how to buy Zuger Kantonalbank Stock.
