Hornbach Holding AG & Co. KGaA Stock Forecast
Hornbach Holding AG & Co. KGaA stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The Hornbach Holding AG & Co. KGaA stock price gained 1.54% on the last trading day (Tuesday, 25th Jun 2024), rising from 77.90€ to 79.10€. During the last trading day the stock fluctuated 3.68% from a day low at 78.90€ to a day high of 81.80€. The price has fallen in 6 of the last 10 days and is down by -0.5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately 1.12€ million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.88% during the next 3 months and, with a 90% probability hold a price between 84.29€ and 90.02€ 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 78.23€ and 78.09€. A breakdown below any of these levels will issue sell signals. Hornbach Holding AG & Co. KGaA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, June 12, 2024, and so far it has fallen -3.18%. 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).
Support, Risk & Stop-loss for Hornbach Holding AG & Co. KGaA stock
Hornbach Holding AG & Co. KGaA finds support from accumulated volume at 77.20€ 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 2.90€ between high and low, or 3.68%. For the last week the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: 75.72€ (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (HBH.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Hornbach Holding AG & Co. KGaA to open at 79.93€, and during the day (based on 14 day Average True Range), to move between 77.27€ and 80.93€, which gives a possible trading interval of +/-1.83€ (+/-2.32%) 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 4.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 79.50€ (0.51%) than the support at 77.20€ (2.40%), 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 Hornbach Holding AG & Co. KGaA 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 Hornbach Holding AG & Co. KGaA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.084 Buy Candidate Upgraded
Predicted Opening Price for Hornbach Holding AG & Co. KGaA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 79.93€ ( 1.05%) | 79.10€ |
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 | |
|---|---|---|
| R3 | 82.83 | 4.72% |
| R2 | 81.73 | 3.32% |
| R1 | 81.04 | 2.45% |
| Price | 79.10 | |
| S1 | 78.83 | -0.347% |
| S2 | 78.14 | -1.21% |
| S3 | 77.03 | -2.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.50 | 1.77% |
| R2 | 80.20 | 1.39% |
| R1 | 79.50 | 0.506% |
| Price | 79.10 | |
| S1 | 77.20 | -2.40% |
| S2 | 74.50 | -5.82% |
| S3 | 74.40 | -5.94% |
HBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2024 | Jul 08, 2024 | Jul 10, 2024 | 2.40€ | 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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