Swiss Helvetia Fund Inc (The) Stock Forecast
Stronger technical forecast for Swiss Helvetia Fund Inc (The) stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Swiss Helvetia Fund Inc (The) stock price gained 0.635% on the last trading day (Thursday, 28th Mar 2024), rising from $7.88 to $7.93. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.39% from a day low at $7.86 to a day high of $7.97. The price has risen in 6 of the last 10 days but is still down by -1.49% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $283.83 thousand.
The stock lies in the middle of a narrow and 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 -3.16% during the next 3 months and, with a 90% probability hold a price between $7.41 and $7.78 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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SWZ Signals & Forecast
The Swiss Helvetia Fund Inc (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.85 and $7.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. Swiss Helvetia Fund Inc (The) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Swiss Helvetia Fund Inc (The) stock
Swiss Helvetia Fund Inc (The) finds support from accumulated volume at $7.91 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 $0.109 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 0.776%.
Our recommended stop-loss: $7.48 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SWZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Swiss Helvetia Fund Inc (The) to open at $7.92, and during the day (based on 14 day Average True Range), to move between $7.86 and $8.00, which gives a possible trading interval of +/-$0.0700 (+/-0.88%) up or down from last closing price. If Swiss Helvetia Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.94 (0.13%) than the support at $7.91 (0.25%), 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 Swiss Helvetia Fund Inc (The) stock A Buy?
Swiss Helvetia Fund Inc (The) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.615 Hold/Accumulate Upgraded
Predicted Opening Price for Swiss Helvetia Fund Inc (The) of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$7.92 ( 0.123%) | $7.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.03 | 1.25 % | |
R2 | 7.99 | 0.728 % | ||
R1 | 7.96 | 0.403 % | ||
Current price: | 7.93 | |||
Support | S1 | 7.88 | -0.649 % | |
S2 | 7.85 | -0.97 % | ||
S3 | 7.81 | -1.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.20 | 3.40 % | |
R2 | 7.97 | 0.504 % | ||
R1 | 7.94 | 0.126 % | ||
Current price | 7.93 | |||
Support | S1 | 7.91 | -0.252% | |
S2 | 7.90 | -0.378% | ||
S3 | 7.82 | -1.39% |
SWZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 18, 2024 | Mar 28, 2024 | $0.129 | 1.63% |
2 | Dec 08, 2023 | Dec 18, 2023 | Dec 29, 2023 | $0.129 | 1.57% |
3 | Sep 07, 2023 | Sep 19, 2023 | Sep 29, 2023 | $0.123 | 1.61% |
4 | Jun 09, 2023 | Jun 20, 2023 | Jun 30, 2023 | $0.123 | 1.50% |
5 | Mar 09, 2023 | Mar 21, 2023 | Oct 19, 2018 | $0.123 | 1.56% |
FAQ
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