High Co. SA Stock Forecast
Red day on Thursday for High Co. SA
(Updated on May 09, 2024)
No changes to the price of High Co. SA stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 1.90% from a day low at 3.16€ to a day high of 3.22€. The price has been going up and down for this period, and there has been a 4.92% gain for the last 2 weeks.
The stock lies in the upper part of a wide and 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 3.21€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.46% during the next 3 months and, with a 90% probability hold a price between 3.29€ and 3.74€ at the end of this 3-month period.
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HCO.PA Signals & Forecast
The High Co. SA 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 3.17€ and 2.94€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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, May 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for High Co. SA stock
On the downside, the stock finds support just below today's level from accumulated volume at 2.83€ and 2.78€. 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, High Co. SA finds support just below today's level at 2.83€. If this is broken, then the next support from accumulated volume will be at 2.78€ and 2.74€.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.0600€ between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: 3.08€ (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HCO.PA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect High Co. SA to open at 3.19€, and during the day (based on 14 day Average True Range), to move between 3.11€ and 3.29€, which gives a possible trading interval of +/-0.0919€ (+/-2.87%) up or down from last closing price. If High Co. SA takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 2.83€, some 0.370€ (11.56%) from the current price of 3.20€, our system finds the risk reward attractive.
Is High Co. SA 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 High Co. SA stock to perform well in the short-term.
Current score: 2.584 Buy Candidate Unchanged
Predicted Opening Price for High Co. SA of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| 3.19€ ( 0.208%) | 3.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.25 | 1.67 % | |
| R2 | 3.23 | 0.95 % | ||
| R1 | 3.22 | 0.508 % | ||
| Current price: | 3.20 | |||
| Support | S1 | 3.17 | -0.92 % | |
| S2 | 3.16 | -1.37 % | ||
| S3 | 3.13 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.20 | |||
| Support | S1 | 2.83 | -11.56% | |
| S2 | 2.78 | -13.13% | ||
| S3 | 2.74 | -14.38% |
HCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | May 28, 2024 | 0.200€ | 6.25% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 0.400€ | 8.42% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | 0.320€ | 6.06% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 0.270€ | 5.06% |
| 5 | Mar 27, 2019 | May 24, 2019 | May 28, 2019 | 0.160€ | 3.09% |
FAQ
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