Hexagon AB (publ) Stock Forecast
Green day on Friday for Hexagon AB (publ)
(Updated on May 03, 2024)
The Hexagon AB (publ) stock price gained 1.05% on the last trading day (Friday, 3rd May 2024), rising from kr114.70 to kr115.90. During the last trading day the stock fluctuated 1.48% from a day low at kr114.90 to a day high of kr116.60. The price has fallen in 6 of the last 10 days and is down by -4.77% for this period. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately kr312.82 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr114.77 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 3.49% during the next 3 months and, with a 90% probability hold a price between kr118.78 and kr134.38 at the end of this 3-month period.
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HEXA-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.05%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hexagon AB (publ) 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 kr118.99 and kr123.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hexagon AB (publ) stock
Hexagon AB (publ) finds support from accumulated volume at kr115.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr1.70 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: kr109.43 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (HEXA-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hexagon AB (publ) to open at kr115.80, and during the day (based on 14 day Average True Range), to move between kr113.19 and kr118.61, which gives a possible trading interval of +/-kr2.71 (+/-2.34%) up or down from last closing price. If Hexagon AB (publ) takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr115.05 (0.73%) than the resistance at kr117.90 (1.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hexagon AB (publ) stock A Buy?
Hexagon AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.364 Hold/Accumulate Unchanged
Predicted Opening Price for Hexagon AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr115.80 ( 0.0863%) | kr115.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEXA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.50 | 1.38 % | |
| R2 | 116.85 | 0.82 % | ||
| R1 | 116.45 | 0.474 % | ||
| Current price: | 115.90 | |||
| Support | S1 | 115.15 | -0.647 % | |
| S2 | 114.75 | -0.99 % | ||
| S3 | 114.10 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.05 | 5.31 % | |
| R2 | 120.20 | 3.71 % | ||
| R1 | 117.90 | 1.73 % | ||
| Current price | 115.90 | |||
| Support | S1 | 115.05 | -0.733% | |
| S2 | 114.70 | -1.04% | ||
| S3 | 114.50 | -1.21% |
HEXA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | Apr 30, 2024 | kr0 | 0% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | kr0.120 | 0.102% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | kr0.110 | 0.0883% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | kr0.0929 | 0.0805% |
| 5 | Dec 02, 2020 | Dec 02, 2020 | Dec 02, 2020 | kr0.0886 | 0.0877% |
FAQ
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