Zuger Kantonalbank Stock Forecast
Zuger Kantonalbank stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Zuger Kantonalbank stock price gained 0.238% on the last trading day (Friday, 28th Jun 2024), rising from 8,420.00 Fr to 8,440.00 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 risen in 4 of the last 10 days. Volume fell on the last day by -15 shares and in total, 22 shares were bought and sold for approximately 185.68 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 8,456.77 Fr and 8,594.27 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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ZUGER.SW Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -0.236%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Zuger Kantonalbank stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 8,425.71 Fr and 8,400.00 Fr. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Zuger Kantonalbank stock
Zuger Kantonalbank finds support from accumulated volume at 8,420.00 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 1.15%
Our recommended stop-loss: 8,152.64 Fr (-3.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (ZUGER.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zuger Kantonalbank to open at 8,413.33 Fr, and during the day (based on 14 day Average True Range), to move between 8,353.45 Fr and 8,526.55 Fr, which gives a possible trading interval of +/-86.55 Fr (+/-1.03%) up or down from last closing price. If Zuger Kantonalbank takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 8,460.00 Fr (0.24%) than the support at 8,420.00 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: 2.513 Buy Candidate Upgraded
Predicted Opening Price for Zuger Kantonalbank of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 8,413.33 Fr ( 0.316%) | 8,440.00 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 | 8,493.33 | 0.632% |
| R2 | 8,462.77 | 0.270% |
| R1 | 8,443.89 | 0.0461% |
| Price | 8,440.00 | |
| S1 | 8,382.77 | -0.678% |
| S2 | 8,363.89 | -0.90% |
| S3 | 8,333.33 | -1.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 8,460.00 | 0.237% |
| Price | 8,440.00 | |
| S1 | 8,420.00 | -0.237% |
| S2 | 8,400.00 | -0.474% |
| S3 | 8,380.00 | -0.711% |
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
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