High Co. SA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for High Co. SA stock price after Monday trading.
(Updated on May 20, 2024)
The High Co. SA stock price gained 0.305% on the last trading day (Monday, 20th May 2024), rising from 3.28€ to 3.29€. 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 1.23% from a day low at 3.25€ to a day high of 3.29€. The price has risen in 5 of the last 10 days and is up by 2.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately 41.68€ thousand.
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 3.30€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.68% during the next 3 months and, with a 90% probability hold a price between 3.65€ and 4.05€ at the end of this 3-month period.
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HCO.PA Signals & Forecast
Mostly positive signals in the chart today. 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 3.25€ and 3.05€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 26.05%. 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). High Co. SA 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. The very low volume increases the risk and reduces the other technical signals issued.
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 2.67€.
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 0.0400€ between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: 3.17€ (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (HCO.PA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect High Co. SA to open at 3.28€, and during the day (based on 14 day Average True Range), to move between 3.21€ and 3.37€, which gives a possible trading interval of +/-0.0847€ (+/-2.57%) up or down from last closing price. If High Co. SA takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 2.83€, some 0.460€ (13.98%) from the current price of 3.29€, our system finds the risk reward attractive.
Is High Co. SA stock A Buy?
High Co. SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.082 Strong Buy Candidate Upgraded
Predicted Opening Price for High Co. SA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 3.28€ ( 0.405%) | 3.29€ |
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 | 3.32 | 0.81 % | |
| R2 | 3.30 | 0.346 % | ||
| R1 | 3.29 | 0.0592 % | ||
| Current price: | 3.29 | |||
| Support | S1 | 3.26 | -0.87 % | |
| S2 | 3.25 | -1.16 % | ||
| S3 | 3.24 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.29 | |||
| Support | S1 | 2.83 | -13.98% | |
| S2 | 2.78 | -15.50% | ||
| S3 | 2.67 | -18.84% |
HCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | May 28, 2024 | 0.200€ | 6.08% |
| 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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