H+H International A/S Stock Forecast
Green day on Friday for H+H International A/S stock after gaining 4.09%
(Updated on May 03, 2024)
The H+H International A/S stock price gained 4.09% on the last trading day (Friday, 3rd May 2024), rising from kr73.40 to kr76.40. During the last trading day the stock fluctuated 4.65% from a day low at kr73.10 to a day high of kr76.50. The price has risen in 7 of the last 10 days and is up by 13.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately kr4.09 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr77.74 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect H+H International A/S stock with a 90% probability to be traded between kr64.30 and kr76.79 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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HH.CO Signals & Forecast
The H+H International A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr73.90 and kr70.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 29, 2024, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for H+H International A/S stock
On the downside, the stock finds support just below today's level from accumulated volume at kr70.00 and kr68.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, H+H International A/S finds support just below today's level at kr70.00. If this is broken, then the next support from accumulated volume will be at kr68.10 and kr67.60.
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 kr3.40 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 4.43%.
Our recommended stop-loss: kr73.18 (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (HH.CO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect H+H International A/S to open at kr75.33, and during the day (based on 14 day Average True Range), to move between kr73.81 and kr78.99, which gives a possible trading interval of +/-kr2.59 (+/-3.39%) up or down from last closing price. If H+H International A/S takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr77.80 (1.83%) than the support at kr70.00 (8.38%), 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 H+H International A/S 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 H+H International A/S stock to perform well in the short-term period.
Current score: 2.728 Buy Candidate Unchanged
Predicted Opening Price for H+H International A/S of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr75.33 ( 1.40%) | kr76.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HH.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.73 | 3.05 % | |
| R2 | 77.43 | 1.35 % | ||
| R1 | 76.63 | 0.304 % | ||
| Current price: | 76.40 | |||
| Support | S1 | 74.03 | -3.10 % | |
| S2 | 73.23 | -4.15 % | ||
| S3 | 71.93 | -5.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 77.80 | 1.83 % | ||
| Current price | 76.40 | |||
| Support | S1 | 70.00 | -8.38% | |
| S2 | 68.10 | -10.86% | ||
| S3 | 67.60 | -11.52% |
HH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2008 | Apr 17, 2008 | Apr 17, 2008 | kr9.07 | 2.25% |
| 2 | Apr 13, 2007 | Apr 13, 2007 | Apr 13, 2007 | kr6.05 | 1.06% |
| 3 | Apr 06, 2006 | Apr 06, 2006 | Apr 06, 2006 | kr10.58 | 2.48% |
| 4 | Apr 08, 2005 | Apr 08, 2005 | Apr 08, 2005 | kr10.58 | 2.25% |
| 5 | Apr 02, 2004 | Apr 02, 2004 | Apr 02, 2004 | kr9.07 | 2.14% |
FAQ
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