Holcim Ltd Stock Forecast

Holcim Ltd stock price ended at $17.69 on Friday, after losing 0.226%.
(Updated on Jun 28, 2024)

HCMLY Signals & Forecast

The Holcim Ltd 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 $17.66 and $17.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, May 23, 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 Holcim Ltd stock

Holcim Ltd finds support from accumulated volume at $17.68 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.391%

Our recommended stop-loss: $16.71 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (HCMLY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Holcim Ltd to open at $17.69, and during the day (based on 14 day Average True Range), to move between $17.46 and $17.92, which gives a possible trading interval of +/-$0.233 (+/-1.32%) up or down from last closing price. If Holcim Ltd takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.68 (0.06%) than the resistance at $18.05 (2.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Holcim Ltd 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 Holcim Ltd stock to perform well in the short-term.

Current score: 2.763 Buy Candidate Unchanged

Predicted Opening Price for Holcim Ltd of Monday, July 1, 2024

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