Hornbach Holding AG & Co. KGaA Stock Forecast
Green day on Friday for Hornbach Holding AG & Co. KGaA
(Updated on May 17, 2024)
The Hornbach Holding AG & Co. KGaA stock price gained 0.383% on the last trading day (Friday, 17th May 2024), rising from 78.30€ to 78.60€. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.15% from a day low at 78.00€ to a day high of 78.90€. The price has risen in 8 of the last 10 days and is up by 5.93% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 5 thousand shares were bought and sold for approximately 355.43€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a strong rising 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 79.45€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.39% during the next 3 months and, with a 90% probability hold a price between 83.72€ and 90.88€ at the end of this 3-month period.
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HBH.F Signals & Forecast
The Hornbach Holding AG & Co. KGaA 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 76.86€ and 74.74€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 17.66%. 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 the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Hornbach Holding AG & Co. KGaA stock
Hornbach Holding AG & Co. KGaA finds support from accumulated volume at 75.70€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.90€ between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.44%
The Hornbach Holding AG & Co. KGaA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Hornbach Holding AG & Co. KGaA has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: 76.29€ (-2.94%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (HBH.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hornbach Holding AG & Co. KGaA to open at 78.50€, and during the day (based on 14 day Average True Range), to move between 77.25€ and 79.95€, which gives a possible trading interval of +/-1.35€ (+/-1.71%) up or down from last closing price. If Hornbach Holding AG & Co. KGaA takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 75.70€, some 2.90€ (3.69%) from the current price of 78.60€, our system finds the risk reward attractive.
Is Hornbach Holding AG & Co. KGaA stock A Buy?
Hornbach Holding AG & Co. KGaA 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Hornbach Holding AG & Co. KGaA of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
78.50€ ( 0.127%) | 78.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBH.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 79.40 | 1.02 % | |
R2 | 79.06 | 0.580 % | ||
R1 | 78.84 | 0.310 % | ||
Current price: | 78.60 | |||
Support | S1 | 78.16 | -0.565 % | |
S2 | 77.94 | -0.83 % | ||
S3 | 77.60 | -1.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 78.60 | |||
Support | S1 | 75.70 | -3.69% | |
S2 | 74.50 | -5.22% | ||
S3 | 74.40 | -5.34% |
HBH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 08, 2024 | Jul 08, 2024 | Jul 08, 2024 | 0€ | 0% |
2 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | 2.40€ | 0% |
3 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | 2.40€ | 0% |
4 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | 2.00€ | 0% |
5 | May 27, 2020 | Jul 13, 2020 | Jul 15, 2020 | 1.50€ | 0% |
FAQ
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