High Co. SA Stock Forecast
Green day on Friday for High Co. SA
(Updated on May 31, 2024)
The High Co. SA stock price gained 1.02% on the last trading day (Friday, 31st May 2024), rising from 2.94€ to 2.97€. During the last trading day the stock fluctuated 3.37% from a day low at 2.97€ to a day high of 3.07€. The price has fallen in 6 of the last 10 days and is down by -9.45% for this period. Volume fell on the last day by -19 thousand shares and in total, 6 thousand shares were bought and sold for approximately 18.06€ 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 2.95€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.86% during the next 3 months and, with a 90% probability hold a price between 3.51€ and 4.08€ at the end of this 3-month period.
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HCO.PA Signals & Forecast
There are few to no technical positive signals at the moment. The High Co. SA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 3.04€ and 3.11€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -11.61%. 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). 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 High Co. SA stock
High Co. SA finds support from accumulated volume at 2.91€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.1000€ between high and low, or 3.37%. For the last week the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HCO.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect High Co. SA to open at 3.00€, and during the day (based on 14 day Average True Range), to move between 2.85€ and 3.09€, which gives a possible trading interval of +/-0.117€ (+/-3.93%) up or down from last closing price. If High Co. SA takes out the full calculated possible swing range there will be an estimated 7.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.91€ (2.02%) than the resistance at 3.11€ (4.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is High Co. SA stock A Buy?
The High Co. SA stock holds several negative signals and despite the positive trend, we believe High Co. SA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.087 Sell Candidate Unchanged
Predicted Opening Price for High Co. SA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 3.00€ ( 1.12%) | 2.97€ |
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 | 3.10 | 4.49 % | |
| R2 | 3.07 | 3.20 % | ||
| R1 | 3.04 | 2.41 % | ||
| Current price: | 2.97 | |||
| Support | S1 | 2.97 | -0.164 % | |
| S2 | 2.94 | -0.96 % | ||
| S3 | 2.90 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.29 | 10.77 % | |
| R2 | 3.20 | 7.74 % | ||
| R1 | 3.11 | 4.71 % | ||
| Current price | 2.97 | |||
| Support | S1 | 2.91 | -2.02% | |
| S2 | 2.83 | -4.71% | ||
| S3 | 2.78 | -6.40% |
HCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | May 28, 2024 | 0.200€ | 6.69% |
| 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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