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.