ZPAL.SW Swisscanto Palladium ETF (SIX) -6.72% 28 Jan 2026: watch key levels

ZPAL.SW stock fell 6.72% intraday to CHF 454.95 on SIX on 28 Jan 2026 after a weaker palladium spot move and profit taking. Trading opened at CHF 444.35 and hit a low of CHF 437.50 before late bids. Volume ran at 3,283.00 shares, slightly above the average of 3,079.00, signalling active rebalancing rather than a liquidity gap. We examine drivers, technicals, a Meyka AI grade and short-term forecasts to help traders frame the drop.

Intraday price action for ZPAL.SW stock

ZPAL.SW stock moved from a previous close of CHF 487.75 to CHF 454.95, a decline of CHF 32.80 or -6.72%. The session high was CHF 458.25 and the low CHF 437.50. The fund’s year high sits at CHF 491.00 and year low at CHF 221.15, showing a wide trading range this year. Traders were active early, with current volume 3,283.00 versus average 3,079.00, suggesting intraday position adjustments rather than a sustained outflow.

Primary drivers behind the ZPAL.SW stock slide

The ETF tracks palladium in CHF, so moves in the metal drive price shifts. Reports of softer auto demand and a modest palladium price pullback pressured ZPAL.SW stock today. Weakness in precious metals sentiment and a stronger CHF also trimmed returns. For background on palladium supply and demand, see coverage from Reuters and Bloomberg which outline recent market flows and industrial demand trends source source.

Technicals, liquidity and trading levels for ZPAL.SW stock

Technical indicators show mixed momentum. RSI at 61.60 indicates the ETF is not oversold. The 50-day average is CHF 385.15 and the 200-day average is CHF 305.49, both well below the current price and supporting a medium-term uptrend. Key short-term support sits near CHF 420.00 and resistance at the year high CHF 491.00. On-balance volume (OBV) and MFI readings suggest recent inflows, but intraday volatility (ATR 16.71) is higher than normal.

Meyka AI rates ZPAL.SW stock with a score out of 100

Meyka AI rates ZPAL.SW with a score of 64.91 / 100 (Grade B) — Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The score reflects strong medium-term returns versus the 200-day trend but also elevated intraday volatility and commodity exposure. These grades are not guarantees and are for informational purposes only.

Valuation, forecasts and price targets for ZPAL.SW stock

Meyka AI’s forecast model projects a monthly level of CHF 427.99, a quarterly level of CHF 322.89, and a yearly figure of CHF 77.37. Compared with the current price CHF 454.95, the model implies a downside of -5.93% (monthly), -29.03% (quarterly) and -82.99% (yearly). Forecasts are model-based projections and not guarantees. Traders can use short-term technical targets: near-term support CHF 420.00, tactical resistance CHF 490.00 and a conservative multi-month reversion target around CHF 380.00.

Trading implications, risks and sector context for ZPAL.SW stock

ZPAL.SW stock sits in the Asset Management universe on SIX but tracks palladium exposure, so it blends Financial Services listing dynamics with commodity risk. The Basic Materials and Precious Metals backdrop matters for returns. Key risks: palladium price shocks, auto sector demand shifts, and CHF strength. Liquidity appears adequate with average volume 3,079.00, but option and derivatives depth is limited. Use tight stops and size positions to the ETF’s volatility profile.

Final Thoughts

Intraday, ZPAL.SW stock fell 6.72% to CHF 454.95 on SIX on 28 Jan 2026, driven by a pullback in palladium sentiment and currency headwinds. Our technicals show support near CHF 420.00 and resistance near CHF 491.00, while the 50-day average at CHF 385.15 and 200-day average at CHF 305.49 confirm longer-term strength. Meyka AI’s model projects CHF 427.99 monthly (implied -5.93% from today), with wider downside in longer-horizon scenarios; these projections are model-based and not guarantees. For traders, the short-term setup favors waiting for a confirmed hold above CHF 420.00 or a clear rebound volume spike before adding exposure. Investors seeking palladium access should weigh ZPAL.SW stock’s commodity correlation, intraday volatility (ATR 16.71), and the fund’s listing on SIX, and consider position sizing to manage downside.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.