Hugo Boss AG Stock Forecast
Hugo Boss AG stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
No changes to the price of Hugo Boss AG stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 1.67% from a day low at 50.40€ to a day high of 51.24€. The price has risen in 5 of the last 10 days but is still down by -2.57% for this period.
The stock lies in the middle of a wide 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 -18.66% during the next 3 months and, with a 90% probability hold a price between 38.62€ and 45.88€ 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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BOSS.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hugo Boss AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 53.12€. On a fall, the stock will find some support from the short-term average at 49.90€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Hugo Boss AG stock
Hugo Boss AG finds support from accumulated volume at 50.76€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.84€ between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOSS.DE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Hugo Boss AG to open at 50.83€, and during the day (based on 14 day Average True Range), to move between 49.38€ and 52.34€, which gives a possible trading interval of +/-1.48€ (+/-2.91%) up or down from last closing price. If Hugo Boss AG takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 50.92€ (0.12%) than the support at 50.76€ (0.20%), 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.
Earnings coming up
Hugo Boss AG will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.570. We will update the financials statements for Hugo Boss AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.92% in the first trading day after earnings release.
Is Hugo Boss AG stock A Buy?
Hugo Boss AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.284 Sell Candidate Downgraded
Predicted Opening Price for Hugo Boss AG of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 50.83€ ( 0.0524%) | 50.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOSS.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.67 | 1.60 % | |
| R2 | 51.35 | 0.97 % | ||
| R1 | 51.15 | 0.578 % | ||
| Current price: | 50.86 | |||
| Support | S1 | 50.51 | -0.683 % | |
| S2 | 50.31 | -1.07 % | ||
| S3 | 49.99 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.00 | 10.11 % | |
| R2 | 54.36 | 6.88 % | ||
| R1 | 50.92 | 0.118 % | ||
| Current price | 50.86 | |||
| Support | S1 | 50.76 | -0.197% | |
| S2 | 49.65 | -2.38% | ||
| S3 | 49.47 | -2.73% |
BOSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 15, 2024 | 0€ | 0% |
| 2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | 1.00€ | 1.49% |
| 3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | 0.700€ | 1.49% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | 0.0400€ | 0.0963% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | 0.0400€ | 0.148% |
FAQ
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