Heidelberger Druckmaschinen Stock Forecast

Heidelberger Druckmaschinen stock downgraded to Hold/Accumulate
(Updated on May 22, 2024)

HDD.DE Signals & Forecast

The Heidelberger Druckmaschinen stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 1.09€. On a fall, the stock will find some support from the long-term average at approximately 0.99€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -8.45%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Heidelberger Druckmaschinen stock

On the downside, the stock finds support just below today's level from accumulated volume at 1.02€ and 1.01€. 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, Heidelberger Druckmaschinen finds support just below today's level at 1.02€. If this is broken, then the next support from accumulated volume will be at 1.01€ and 0.85€.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0300€ between high and low, or 2.82%. For the last week the stock has had daily average volatility of 6.09%.

Our recommended stop-loss: 1.04€ (-3.96%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (HDD.DE) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Heidelberger Druckmaschinen Aktiengesellschaft to open at 1.08€, and during the day (based on 14 day Average True Range), to move between 1.04€ and 1.13€, which gives a possible trading interval of +/-0.0435€ (+/-4.01%) up or down from last closing price. If Heidelberger Druckmaschinen Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 8.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 1.12€ (3.51%) than the support at 1.02€ (6.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Heidelberger Druckmaschinen Aktiengesellschaft stock A Buy?

Heidelberger Druckmaschinen 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: 0.908 Hold/Accumulate Downgraded

Predicted Opening Price for Heidelberger Druckmaschinen Aktiengesellschaft of Thursday, May 23, 2024

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