HECLA MNG Stock Forecast
HECLA MNG stock price up more than 8.60% on Friday
(Updated on May 17, 2024)
The HECLA MNG stock price gained 8.60% on the last trading day (Friday, 17th May 2024), rising from 5.14€ to 5.58€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.68% from a day low at 5.16€ to a day high of 5.61€. The price has risen in 8 of the last 10 days and is up by 25.39% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 10 thousand shares were bought and sold for approximately 57.31€ 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 middle of a very wide and strong 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 49.33% during the next 3 months and, with a 90% probability hold a price between 7.12€ and 9.00€ at the end of this 3-month period.
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HCL.DE Signals & Forecast
The HECLA MNG 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 5.08€ and 4.86€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 26.65%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HECLA MNG stock
On the downside, the stock finds support just below today's level from accumulated volume at 5.09€ and 4.57€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, HECLA MNG finds support just below today's level at 5.09€. If this is broken, then the next support from accumulated volume will be at 4.57€ and 4.45€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.448€ between high and low, or 8.68%. For the last week the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: 5.41€ (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (HCL.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HECLA MNG to open at 5.45€, and during the day (based on 14 day Average True Range), to move between 5.37€ and 5.79€, which gives a possible trading interval of +/-0.207€ (+/-3.71%) up or down from last closing price. If HECLA MNG takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 5.09€, some 0.490€ (8.78%) from the current price of 5.58€, our system finds the risk reward attractive.
Is HECLA MNG stock A Buy?
HECLA MNG 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: 0.000 Hold/Accumulate Downgraded
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 HECLA MNG of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
5.45€ ( 2.34%) | 5.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCL.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.90 | 5.69 % | |
R2 | 5.73 | 2.62 % | ||
R1 | 5.62 | 0.725 % | ||
Current price: | 5.58 | |||
Support | S1 | 5.28 | -5.41 % | |
S2 | 5.17 | -7.30 % | ||
S3 | 5.00 | -10.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 5.58 | |||
Support | S1 | 5.09 | -8.78% | |
S2 | 4.57 | -18.15% | ||
S3 | 4.45 | -20.25% |
HCL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 23, 2024 | Jun 11, 2024 | 0.0058€ | 0.104% |
2 | Mar 11, 2024 | Mar 11, 2024 | Mar 25, 2024 | 0.0058€ | 0.147% |
3 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | 0.0063€ | 0.146% |
4 | May 19, 2023 | May 19, 2023 | May 19, 2023 | 0.0063€ | 0.127% |
5 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | 0.0063€ | 0.130% |
FAQ
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