HeidelbergCement AG 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
HeidelbergCement AG stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The HeidelbergCement AG stock price gained 1.26% on the last trading day (Friday, 3rd May 2024), rising from $20.32 to $20.58. 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 0.93% from a day low at $20.40 to a day high of $20.59. The price has risen in 6 of the last 10 days and is up by 4.29% over the past 2 weeks. Volume fell on the last day by -81 thousand shares and in total, 17 thousand shares were bought and sold for approximately $355.89 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 $20.07 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 13.44% during the next 3 months and, with a 90% probability hold a price between $22.76 and $26.17 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HDELY Signals & Forecast
There are mixed signals in the stock today. The HeidelbergCement AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $20.73. On a fall, the stock will find some support from the short-term average at $20.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -6.35%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HeidelbergCement AG stock
HeidelbergCement AG finds support from accumulated volume at $20.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.190 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: $19.72 (-4.15%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (HDELY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect HeidelbergCement AG to open at $20.52, and during the day (based on 14 day Average True Range), to move between $20.22 and $20.93, which gives a possible trading interval of +/-$0.359 (+/-1.75%) up or down from last closing price. If HeidelbergCement AG takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.58 (0.02%) than the support at $20.43 (0.71%), 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 HeidelbergCement AG stock A Buy?
HeidelbergCement AG 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.928 Hold/Accumulate Upgraded
Predicted Opening Price for HeidelbergCement AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $20.52 ( 0.261%) | $20.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HDELY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.71 | 0.663 % | |
| R2 | 20.64 | 0.310 % | ||
| R1 | 20.59 | 0.0919 % | ||
| Current price: | 20.58 | |||
| Support | S1 | 20.45 | -0.614 % | |
| S2 | 20.40 | -0.83 % | ||
| S3 | 20.33 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.27 | 3.38 % | |
| R2 | 21.23 | 3.18 % | ||
| R1 | 20.58 | 0.0219 % | ||
| Current price | 20.58 | |||
| Support | S1 | 20.43 | -0.707% | |
| S2 | 20.32 | -1.24% | ||
| S3 | 19.73 | -4.11% |
HDELY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 17, 2024 | Jun 06, 2024 | $0.420 | 2.04% |
| 2 | May 12, 2023 | May 12, 2023 | May 31, 2023 | $0.571 | 3.99% |
| 3 | May 13, 2022 | May 13, 2022 | Jun 01, 2022 | $0.520 | 4.54% |
| 4 | Apr 20, 2021 | May 07, 2021 | May 26, 2021 | $0.530 | 2.93% |
| 5 | May 12, 2020 | Jun 05, 2020 | Jun 24, 2020 | $0.130 | 1.23% |
FAQ
Click here for our free guide on how to buy HeidelbergCement AG Stock.
