Hugo Boss AG Stock Forecast
Stronger technical forecast for Hugo Boss AG stock price after Friday trading.
(Updated on May 24, 2024)
The Hugo Boss AG stock price gained 0.290% on the last trading day (Friday, 24th May 2024), rising from $10.36 to $10.39. During the last trading day the stock fluctuated 5.29% from a day low at $10.11 to a day high of $10.64. The price has risen in 5 of the last 10 days and is up by 1.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $56.16 thousand.
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 -21.86% during the next 3 months and, with a 90% probability hold a price between $6.89 and $8.61 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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BOSSY Signals & Forecast
There are mixed signals in the stock today. The Hugo Boss AG 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 $10.64 and $10.64. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.96%. 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). Hugo Boss AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hugo Boss AG stock
Hugo Boss AG finds support from accumulated volume at $10.36 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 $0.535 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: $9.92 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 58 days ago.)
Trading Expectations (BOSSY) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Hugo Boss AG to open at $10.38, and during the day (based on 14 day Average True Range), to move between $10.12 and $10.66, which gives a possible trading interval of +/-$0.273 (+/-2.63%) up or down from last closing price. If Hugo Boss AG takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.36 (0.29%) than the resistance at $10.43 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hugo Boss AG stock A Buy?
Hugo Boss AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hugo Boss AG of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $10.38 ( 0.0812%) | $10.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOSSY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.92 | 5.07 % | |
| R2 | 10.71 | 3.10 % | ||
| R1 | 10.59 | 1.88 % | ||
| Current price: | 10.39 | |||
| Support | S1 | 10.18 | -2.05 % | |
| S2 | 10.05 | -3.26 % | ||
| S3 | 9.85 | -5.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.73 | 3.27 % | |
| R2 | 10.70 | 2.98 % | ||
| R1 | 10.43 | 0.385 % | ||
| Current price | 10.39 | |||
| Support | S1 | 10.36 | -0.289% | |
| S2 | 10.24 | -1.44% | ||
| S3 | 10.19 | -1.92% |
BOSSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 15, 2024 | May 24, 2024 | $0.192 | 1.85% |
| 2 | May 05, 2023 | May 10, 2023 | May 19, 2023 | $0.213 | 1.47% |
| 3 | May 25, 2022 | May 25, 2022 | Jun 07, 2022 | $0.152 | 1.39% |
| 4 | May 12, 2021 | May 12, 2021 | May 24, 2021 | $0.0090 | 0.0801% |
| 5 | May 28, 2020 | May 28, 2020 | Jun 09, 2020 | $0.0090 | 0.132% |
FAQ
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