HeidelbergCement AG Stock Forecast
HeidelbergCement AG stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
The HeidelbergCement AG stock price fell by -1.53% on the last day (Tuesday, 2nd Jul 2024) from 96.44€ to 94.96€. During the last trading day the stock fluctuated 2.77% from a day low at 93.78€ to a day high of 96.38€. The price has been going up and down for this period, and there has been a -0.9% loss for the last 2 weeks. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 338 thousand shares were bought and sold for approximately 32.13€ million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HeidelbergCement AG stock with a 90% probability to be traded between 90.62€ and 101.35€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HEI.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 0.700%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The HeidelbergCement AG 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 95.67€ and 96.79€. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for HeidelbergCement AG stock
HeidelbergCement AG finds support from accumulated volume at 94.58€ 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 2.60€ between high and low, or 2.77%. For the last week the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HEI.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect HeidelbergCement AG to open at 95.04€, and during the day (based on 14 day Average True Range), to move between 92.94€ and 96.98€, which gives a possible trading interval of +/-2.02€ (+/-2.12%) up or down from last closing price. If HeidelbergCement AG takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 94.58€ (0.40%) than the resistance at 95.72€ (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HeidelbergCement AG stock A Buy?
HeidelbergCement AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.417 Sell Candidate Downgraded
Predicted Opening Price for HeidelbergCement AG of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 95.04€ ( 0.0842%) | 94.96€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEI.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.64 | 2.82% |
| R2 | 96.65 | 1.78% |
| R1 | 96.03 | 1.13% |
| Price | 94.96 | |
| S1 | 94.05 | -0.96% |
| S2 | 93.43 | -1.61% |
| S3 | 92.44 | -2.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 98.34 | 3.56% |
| R2 | 96.66 | 1.79% |
| R1 | 95.72 | 0.80% |
| Price | 94.96 | |
| S1 | 94.58 | -0.400% |
| S2 | 94.50 | -0.484% |
| S3 | 94.30 | -0.695% |
HEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 22, 2024 | 3.00€ | 3.08% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 2.60€ | 3.84% |
| 3 | May 13, 2022 | May 13, 2022 | May 13, 2022 | 2.40€ | 4.60% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | 2.20€ | 2.95% |
| 5 | Mar 23, 2020 | Jun 05, 2020 | Jun 09, 2020 | 0.600€ | 1.21% |
FAQ
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