Hugo Boss AG Stock Forecast
Red day on Friday for Hugo Boss AG
(Updated on May 17, 2024)
The Hugo Boss AG stock price fell by -0.119% on the last day (Friday, 17th May 2024) from 50.38€ to 50.32€. During the last trading day the stock fluctuated 1.38% from a day low at 49.85€ to a day high of 50.54€. The price has risen in 5 of the last 10 days and is up by 5.16% over the past 2 weeks. 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 -444 thousand shares and in total, 274 thousand shares were bought and sold for approximately 13.77€ million.
Given the current short-term trend, the stock is expected to fall -24.59% during the next 3 months and, with a 90% probability hold a price between 34.06€ and 37.95€ 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.F Signals & Forecast
The Hugo Boss AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 49.02€ and 50.21€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 6.95%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hugo Boss AG stock
Hugo Boss AG finds support from accumulated volume at 49.47€ 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 0.690€ between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: 48.19€ (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BOSS.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hugo Boss AG to open at 50.24€, and during the day (based on 14 day Average True Range), to move between 48.81€ and 51.83€, which gives a possible trading interval of +/-1.51€ (+/-3.00%) up or down from last closing price. If Hugo Boss AG takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 50.38€ (0.12%) than the support at 49.47€ (1.69%), 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.
Is Hugo Boss AG stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.719 Buy Candidate Unchanged
Predicted Opening Price for Hugo Boss AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 50.24€ ( 0.166%) | 50.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOSS.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.93 | 1.21 % | |
| R2 | 50.66 | 0.682 % | ||
| R1 | 50.50 | 0.358 % | ||
| Current price: | 50.32 | |||
| Support | S1 | 49.97 | -0.689 % | |
| S2 | 49.81 | -1.01 % | ||
| S3 | 49.55 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.00 | 11.29 % | |
| R2 | 54.36 | 8.03 % | ||
| R1 | 50.38 | 0.119 % | ||
| Current price | 50.32 | |||
| Support | S1 | 49.47 | -1.69% | |
| S2 | 47.85 | -4.91% | ||
| S3 | 47.06 | -6.48% |
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€ | 0% |
| 3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | 0.700€ | 0% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | 0.0400€ | 0% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | 0.0400€ | 0% |
FAQ
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