Hagar hf Stock Forecast
Hagar hf stock downgraded to Hold/Accumulate
(Updated on Apr 19, 2024)
No changes to the price of Hagar hf stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 1.33% from a day low at 75.00 Íkr to a day high of 76.00 Íkr. The price has fallen in 5 of the last 10 days and is down by -2.6% for this period.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 75.41 Íkr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.41% during the next 3 months and, with a 90% probability hold a price between 59.95 Íkr and 66.80 Íkr 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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HAGA.IC Signals & Forecast
The Hagar hf stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 74.39 Íkr and 74.03 Íkr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 4.90%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Hagar hf stock
Hagar hf finds support from accumulated volume at 74.50 Íkr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 1.00 Íkr between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: 70.91 Íkr (-5.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (HAGA.IC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Hagar hf to open at 75.33 Íkr, and during the day (based on 14 day Average True Range), to move between 73.64 Íkr and 76.36 Íkr, which gives a possible trading interval of +/-1.36 Íkr (+/-1.81%) up or down from last closing price. If Hagar hf takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 74.50 Íkr (0.67%) than the resistance at 76.00 Íkr (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hagar hf stock A Buy?
Hagar hf 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.890 Hold/Accumulate Downgraded
Predicted Opening Price for Hagar hf of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| 75.33 Íkr ( 0.444%) | 75.00 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAGA.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.33 | 1.78 % | |
| R2 | 75.95 | 1.27 % | ||
| R1 | 75.72 | 0.95 % | ||
| Current price: | 75.00 | |||
| Support | S1 | 74.95 | -0.0649 % | |
| S2 | 74.72 | -0.380 % | ||
| S3 | 74.33 | -0.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.00 | 9.33 % | |
| R2 | 81.50 | 8.67 % | ||
| R1 | 76.00 | 1.33 % | ||
| Current price | 75.00 | |||
| Support | S1 | 74.50 | -0.667% | |
| S2 | 73.50 | -2.00% | ||
| S3 | 73.00 | -2.67% |
HAGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2019 | Jun 11, 2019 | Jun 11, 2019 | 0.96 Íkr | 2.26% |
| 2 | Jun 07, 2018 | Jun 07, 2018 | Jun 07, 2018 | 1.02 Íkr | 2.24% |
| 3 | Jun 07, 2016 | Jun 07, 2016 | Jun 07, 2016 | 1.70 Íkr | 3.78% |
| 4 | Jun 05, 2015 | Jun 05, 2015 | Jun 05, 2015 | 1.70 Íkr | 4.68% |
FAQ
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