Hagar hf Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Hagar hf stock downgraded after the last trading session.
(Updated on May 02, 2024)
The Hagar hf stock price fell by -1.34% on the last day (Thursday, 2nd May 2024) from 74.50 Íkr to 73.50 Íkr. During the last trading day the stock fluctuated 2.05% from a day low at 73.00 Íkr to a day high of 74.50 Íkr. The price has been going up and down for this period, and there has been a -0.68% loss for the last 2 weeks. Volume has increased on the last day by 34 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 39 thousand shares were bought and sold for approximately 2.87 Íkr million.
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 -7.44% during the next 3 months and, with a 90% probability hold a price between 63.19 Íkr and 69.63 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
There are few to no technical positive signals at the moment. The Hagar hf stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 74.86 Íkr and 74.04 Íkr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -4.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hagar hf stock
Hagar hf finds support from accumulated volume at 73.25 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 1.50 Íkr between high and low, or 2.05%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAGA.IC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Hagar hf to open at 73.67 Íkr, and during the day (based on 14 day Average True Range), to move between 72.16 Íkr and 74.84 Íkr, which gives a possible trading interval of +/-1.34 Íkr (+/-1.82%) up or down from last closing price. If Hagar hf takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 73.25 Íkr (0.34%) than the resistance at 74.00 Íkr (0.68%), 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 negative signals and is within a wide and falling trend, so we believe 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: -4.065 Sell Candidate Downgraded
Predicted Opening Price for Hagar hf of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 73.67 Íkr ( 0.227%) | 73.50 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 | 75.17 | 2.27 % | |
| R2 | 74.59 | 1.49 % | ||
| R1 | 74.24 | 1.01 % | ||
| Current price: | 73.50 | |||
| Support | S1 | 73.09 | -0.553 % | |
| S2 | 72.74 | -1.03 % | ||
| S3 | 72.17 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.00 | 3.40 % | |
| R2 | 74.50 | 1.36 % | ||
| R1 | 74.00 | 0.680 % | ||
| Current price | 73.50 | |||
| Support | S1 | 73.25 | -0.340% | |
| S2 | 73.00 | -0.680% | ||
| S3 | 71.50 | -2.72% |
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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