Heidelberger Druckmaschinen Stock Forecast

Heidelberger Druckmaschinen stock downgraded to Buy Candidate
(Updated on Jun 17, 2024)

HDD.F Signals & Forecast

The Heidelberger Druckmaschinen 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 1.26€ and 1.11€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 26.57%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Heidelberger Druckmaschinen stock

On the downside, the stock finds support just below today's level from accumulated volume at 1.18€ and 1.16€. 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 1.18€. If this is broken, then the next support from accumulated volume will be at 1.16€ and 1.12€.

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 0.0460€ between high and low, or 3.43%. For the last week the stock has had daily average volatility of 5.13%.

The Heidelberger Druckmaschinen stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: 1.31€ (-4.45%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (HDD.F) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Heidelberger Druckmaschinen Aktiengesellschaft to open at 1.37€, and during the day (based on 14 day Average True Range), to move between 1.32€ and 1.42€, which gives a possible trading interval of +/-0.0496€ (+/-3.62%) up or down from last closing price. If Heidelberger Druckmaschinen Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.23% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 1.18€, some 0.188€ (13.70%) from the current price of 1.37€, our system finds the risk reward attractive.

Is Heidelberger Druckmaschinen Aktiengesellschaft stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Heidelberger Druckmaschinen stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.625 Buy Candidate Downgraded

Predicted Opening Price for Heidelberger Druckmaschinen Aktiengesellschaft of Tuesday, June 18, 2024

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