HERMES INTL S A Stock Forecast
HERMES INTL S A stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The HERMES INTL S A stock price gained 0.702% on the last trading day (Friday, 17th May 2024), rising from $247.76 to $249.50. During the last trading day the stock fluctuated 0.96% from a day low at $247.88 to a day high of $250.25. The price has been going up and down for this period, and there has been a 1.05% gain for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 16 thousand shares were bought and sold for approximately $3.93 million. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HERMES INTL S A stock with a 90% probability to be traded between $233.38 and $256.10 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HESAY Signals & Forecast
Mostly positive signals in the chart today. The HERMES INTL S A stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $248.47 and $248.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.76%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should go up by 3.75% to $258.85 within 12 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for HERMES INTL S A stock
HERMES INTL S A finds support from accumulated volume at $249.26 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 $2.37 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: $237.34 (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (HESAY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HERMES INTL S A to open at $249.21, and during the day (based on 14 day Average True Range), to move between $245.21 and $253.79, which gives a possible trading interval of +/-$4.29 (+/-1.72%) up or down from last closing price. If HERMES INTL S A takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $249.26 (0.10%) than the resistance at $250.12 (0.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HERMES INTL S A stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HERMES INTL S A stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.536 Buy Candidate Upgraded
Predicted Opening Price for HERMES INTL S A of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $249.21 ( 0.116%) | $249.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HESAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 251.58 | 0.83 % | |
| R2 | 250.67 | 0.471 % | ||
| R1 | 250.12 | 0.247 % | ||
| Current price: | 249.50 | |||
| Support | S1 | 248.30 | -0.479 % | |
| S2 | 247.75 | -0.703 % | ||
| S3 | 246.84 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 264.80 | 6.13 % | |
| R2 | 255.56 | 2.43 % | ||
| R1 | 250.12 | 0.248 % | ||
| Current price | 249.50 | |||
| Support | S1 | 249.26 | -0.0962% | |
| S2 | 247.68 | -0.729% | ||
| S3 | 243.56 | -2.38% |
HESAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 20, 2024 | $2.32 | 0.93% |
| 2 | Feb 16, 2024 | Feb 16, 2024 | Feb 16, 2024 | $0.233 | 0.0987% |
| 3 | Jul 24, 2023 | Apr 25, 2023 | Jul 24, 2023 | $1.01 | 0.482% |
| 4 | May 19, 2023 | Feb 24, 2023 | Mar 08, 2023 | $0.373 | 0.204% |
| 5 | Feb 26, 2022 | Apr 25, 2022 | Mar 14, 2022 | $0.606 | 0.487% |
FAQ
Click here for our free guide on how to buy HERMES INTL S A Stock.
