Herige Stock Forecast
Red day on Tuesday for Herige stock after losing 0.350%
(Updated on Jun 25, 2024)
The Herige stock price fell by -0.350% on the last day (Tuesday, 25th Jun 2024) from 28.60€ to 28.50€. During the last trading day the stock fluctuated 2.88% from a day low at 27.80€ to a day high of 28.60€. The price has fallen in 6 of the last 10 days and is down by -9.24% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 839 shares were bought and sold for approximately 23.91€ thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 28.29€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Herige stock with a 90% probability to be traded between 28.06€ and 34.07€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ALHRG.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.707%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Herige stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 28.61€ and 31.47€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Herige stock
Herige finds support from accumulated volume at 28.40€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.80€ between high and low, or 2.88%. For the last week the stock has had daily average volatility of 2.73%.
Herige is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: 26.63€ (-6.57%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 11 which reduces the risk some. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (ALHRG.PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Herige to open at 28.30€, and during the day (based on 14 day Average True Range), to move between 27.48€ and 29.52€, which gives a possible trading interval of +/-1.02€ (+/-3.59%) up or down from last closing price. If Herige takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 28.40€ (0.35%) than the resistance at 29.00€ (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Herige stock A Buy?
Herige holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.329 Hold/Accumulate Unchanged
Predicted Opening Price for Herige of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 28.30€ ( 0.702%) | 28.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALHRG.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.10 | 2.11% |
| R2 | 28.79 | 1.03% |
| R1 | 28.61 | 0.371% |
| Price | 28.50 | |
| S1 | 27.99 | -1.77% |
| S2 | 27.81 | -2.44% |
| S3 | 27.50 | -3.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.00 | 12.28% |
| R2 | 29.20 | 2.46% |
| R1 | 29.00 | 1.75% |
| Price | 28.50 | |
| S1 | 28.40 | -0.351% |
| S2 | 27.50 | -3.51% |
| S3 | 27.30 | -4.21% |
ALHRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 10, 2024 | 1.90€ | 5.96% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 1.80€ | 4.93% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | 1.80€ | 4.00% |
| 4 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | 1.25€ | 2.92% |
| 5 | Mar 27, 2019 | May 30, 2019 | Jun 03, 2019 | 0.750€ | 2.50% |
FAQ
Click here for our free guide on how to buy Herige Stock.
