H B Fuller Company Stock Forecast
Red day on Monday for H B Fuller Company
(Updated on Apr 22, 2024)
The H B Fuller Company stock price fell by -0.559% on the last day (Monday, 22nd Apr 2024) from $76.95 to $76.52. During the last trading day the stock fluctuated 1.54% from a day low at $76.10 to a day high of $77.27. The price has been going up and down for this period, and there has been a -2.12% loss for the last 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 -63 thousand shares and in total, 231 thousand shares were bought and sold for approximately $17.67 million.
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 $75.24 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect H B Fuller Company stock with a 90% probability to be traded between $76.11 and $83.79 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.
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FUL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.78%. 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 H B Fuller Company 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 $78.60. On a fall, the stock will find some support from the short-term average at $76.09. 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. 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 H B Fuller Company stock
H B Fuller Company finds support from accumulated volume at $76.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.17 (1.54%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: $72.18 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (FUL) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect H B Fuller Company to open at $76.63, and during the day (based on 14 day Average True Range), to move between $75.04 and $78.00, which gives a possible trading interval of +/-$1.48 (+/-1.93%) up or down from last closing price. If H B Fuller Company takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $76.33 (0.25%) than the resistance at $78.92 (3.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is H B Fuller Company stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for H B Fuller Company stock to perform well in the short-term period.
Current score: 1.162 Buy Candidate Unchanged
Predicted Opening Price for H B Fuller Company of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$76.63 ( 0.144%) | $76.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 77.80 | 1.67 % | |
R2 | 77.35 | 1.09 % | ||
R1 | 77.08 | 0.728 % | ||
Current price: | 76.52 | |||
Support | S1 | 76.18 | -0.440 % | |
S2 | 75.91 | -0.80 % | ||
S3 | 75.46 | -1.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.58 | 7.92 % | |
R2 | 79.74 | 4.21 % | ||
R1 | 78.92 | 3.14 % | ||
Current price | 76.52 | |||
Support | S1 | 76.33 | -0.248% | |
S2 | 76.18 | -0.444% | ||
S3 | 76.00 | -0.680% |
FUL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 24, 2024 | May 09, 2024 | $0.223 | 0.291% |
2 | Feb 06, 2024 | Feb 06, 2024 | Feb 06, 2024 | $0 | 0% |
3 | Oct 05, 2023 | Oct 18, 2023 | Nov 02, 2023 | $0.205 | 0.303% |
4 | Jul 06, 2023 | Jul 19, 2023 | Aug 03, 2023 | $0.205 | 0.284% |
5 | Apr 06, 2023 | Apr 19, 2023 | May 04, 2023 | $0.205 | 0.317% |
FAQ
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