Harboes Bryggeri A/S Stock Forecast

Volatile ride for Harboes Bryggeri A/S stock price on Tuesday moving between kr125.50 and kr139.50
(Updated on May 21, 2024)

HARB-B.CO Signals & Forecast

The Harboes Bryggeri A/S 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 kr137.93 and kr111.95. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -3.79%. 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). The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Harboes Bryggeri A/S stock

Harboes Bryggeri A/S finds support from accumulated volume at kr134.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr14.00 between high and low, or 11.16%. For the last week, the stock has had daily average volatility of 7.00%.

Our recommended stop-loss: kr133.25 (-4.48%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (HARB-B.CO) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Harboes Bryggeri A/S to open at kr134.83, and during the day (based on 14 day Average True Range), to move between kr132.47 and kr146.53, which gives a possible trading interval of +/-kr7.03 (+/-5.04%) up or down from last closing price. If Harboes Bryggeri A/S takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr140.00 (0.36%) than the support at kr134.00 (3.94%), 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 Harboes Bryggeri A/S stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Harboes Bryggeri A/S stock to perform well in the short-term.

Current score: 3.159 Buy Candidate Unchanged

Predicted Opening Price for Harboes Bryggeri A/S of Wednesday, May 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.