HeidelbergCement AG Stock Forecast
Red day on Friday for HeidelbergCement AG stock after losing 1.98%
(Updated on May 17, 2024)
The HeidelbergCement AG stock price fell by -1.98% on the last day (Friday, 17th May 2024) from 99.98€ to 98.00€. During the last trading day the stock fluctuated 1.97% from a day low at 96.62€ to a day high of 98.52€. The price has risen in 6 of the last 10 days and is up by 2.51% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -107 thousand shares and in total, 397 thousand shares were bought and sold for approximately 38.92€ million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.49% during the next 3 months and, with a 90% probability hold a price between 108.91€ and 117.98€ at the end of this 3-month period.
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HEI.DE Signals & Forecast
The HeidelbergCement AG 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 101.02€. On a fall, the stock will find some support from the long-term average at approximately 97.50€. 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 10, 2024, and so far it has fallen -4.81%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for HeidelbergCement AG stock
HeidelbergCement AG finds support from accumulated volume at 96.66€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.90€ between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: 92.80€ (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (HEI.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HeidelbergCement AG to open at 97.71€, and during the day (based on 14 day Average True Range), to move between 95.63€ and 100.37€, which gives a possible trading interval of +/-2.37€ (+/-2.42%) up or down from last closing price. If HeidelbergCement AG takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 98.34€ (0.35%) than the support at 96.66€ (1.37%), 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.
Current score: 0.692 Hold/Accumulate Unchanged
Predicted Opening Price for HeidelbergCement AG of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 97.71€ ( 0.293%) | 98.00€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 99.61 | 1.65 % | |
| R2 | 98.89 | 0.91 % | ||
| R1 | 98.44 | 0.448 % | ||
| Current price: | 98.00 | |||
| Support | S1 | 96.99 | -1.03 % | |
| S2 | 96.54 | -1.49 % | ||
| S3 | 95.81 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.45 | 3.52 % | |
| R2 | 99.30 | 1.33 % | ||
| R1 | 98.34 | 0.347 % | ||
| Current price | 98.00 | |||
| Support | S1 | 96.66 | -1.37% | |
| S2 | 89.70 | -8.47% | ||
| S3 | 85.72 | -12.53% |
HEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | 0€ | 0% |
| 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€ | 4.61% |
| 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€ | 1.20% |
FAQ
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