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SONVY Stock Forecast & Sonova Holding AG Chart Analysis

This article provides a detailed analysis of SONVY-Sonova Holding AG stock including a forecast for SONVY shares. It features Sonova Holding AG technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions

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SONVY Historical Data Review

SONVY Current Price Performance Analysis

The Sonova Holding AG - SONVY stock traded on the American stock market, on 06-05-2024, closed at 64.74$ with a %0.39 increased compared to the previous day.

In the last month, the price of SONVY changed by %11.70 increased in value, from 57.96 dollars on 05-06-2024 to 64.74 dollars, increased.

Last year, the price of SONVY was 52.57 dollars on 06-06-2023, and changed by %23.15 increased in value, to 64.74 dollars increased within a year.

The price of Sonova Holding AG stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.

SONVY with AI Stock Forecast & Price Target

SONVY stock forecast Sonova Holding AG price target

On the SONVY chart Sonova Holding AG price was recorded as 64.74 Dollars on 06/05/2024.

The artificial intelligence's forecast on SONVY stock is as follows.

The artificial intelligence's prediction error margin for SONVY stock is very high.

There are two types of risk factors in the artificial intelligence's targets: timing and target prices.

For example, the target price for one month later may be realized three months later. But there is no guarantee of this.

The average predicted price for Sonova Holding AG stock over the next 4 months is: 65.4 Dollars.

The commentary on SONVY stock Target Price: Highest: 72.083 Dollars is predicted.

The commentary on SONVY stock Target Price: Lowest: 62.166 Dollars is predicted.

Resistance Price where Sonova Holding AG stock will Rise and Fall:

Date Price Prediction
06-20-2024 67.580
10-03-2024 72.083
11-27-2024 64.656
02-20-2025 68.095

Support Price where Sonova Holding AG stock will Fall and Rise:

Date Price Prediction
08-14-2024 62.613
11-07-2024 63.597
12-27-2024 62.928
03-27-2025 62.166

The commentary on SONVY stock: Fluctuations in the target price can be expected in the coming days.

The target price for Sonova Holding AG stock by the end of 2024 is predicted to be 62.928 Dollars.

The price prediction graph prepared with the help of artificial intelligence, the commentary on SONVY stock, and the 2024 target price predictions for Sonova Holding AG are detailed above.

The technical analysis and charts for the commentary on SONVY stock are below.

SONVY Support & Resistance and Trend Analysis

SONVY review Sonova Holding AG technical analysis trend chart SONVY priceSONVY stock support and resistance price chart

SONVY stock you have reviewed the technical analysis support resistance charts regarding.

SONVY : Targeting Support and Resistance Price Levels

According to the algorithmic analysis results related to the SONVY review, the Sonova Holding AG support and resistance prices are as follows.

Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.

Sonova Holding AG Support and Resistance Prices:

SONVY Support Level Price SONVY Resistance Level Price
54.18 57.75
60.91 58.36
61.67 64.97
62.47 65.29
62.56 65.63
62.81 66.01
63.14 66.12
66.13

SONVY Technical Analysis: SMA, RSI, MACD

SONVY review Sonova Holding AG SMA chart analysis SONVY priceSONVY buy or sell review Sonova Holding AG MACD chart analysis SONVY price

Upon reviewing the SONVY chart, buy and sell signals have been generated in the Sonova Holding AG technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.

However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.

On The technical analysis chart and stock comments for SONVY stock are as follows:
  1. The technical analysis for SONVY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
  2. The technical analysis for Sonova Holding AG indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.

Basic Technical Analysis Tips for Financial Markets

  • Moving averages may not yield reliable results in stagnant, sideways markets.
  • According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
  • An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
  • During a strong upward trend, the RSI can rise above 70 and stay there.
  • No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
  • Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.

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