H+H International A/S Stock Forecast
On Friday, H+H International A/S stock price gained an impressive 7.19%
(Updated on May 17, 2024)
The H+H International A/S stock price gained 7.19% on the last trading day (Friday, 17th May 2024), rising from kr95.90 to kr102.80. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 8.03% from a day low at kr95.90 to a day high of kr103.60. The price has risen in 9 of the last 10 days and is up by 39.86% over the past 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 131 thousand shares were bought and sold for approximately kr13.49 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at kr83.00, a level that may pose a second chance to hit a runner.
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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 kr87.79 and kr74.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 53.89%. 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.
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 kr95.90 and kr87.40. 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 kr95.90. If this is broken, then the next support from accumulated volume will be at kr87.40 and kr77.80.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr7.70 between high and low, or 8.03%. For the last week, the stock has had daily average volatility of 5.95%.
The H+H International A/S stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the H+H International A/S has been rising for 9 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: kr99.06 (-3.64%) (This stock has high daily movements and this gives high risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (HH.CO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect H+H International A/S to open at kr100.77, and during the day (based on 14 day Average True Range), to move between kr99.17 and kr106.43, which gives a possible trading interval of +/-kr3.63 (+/-3.53%) 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 7.06% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr95.90, some kr6.90 (6.71%) from the current price of kr102.80, our system finds the risk reward attractive.
Is H+H International A/S stock A Buy?
H+H International A/S 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for H+H International A/S of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
kr100.77 ( 1.98%) | kr102.80 |
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 | 108.47 | 5.51 % | |
R2 | 105.53 | 2.65 % | ||
R1 | 103.71 | 0.88 % | ||
Current price: | 102.80 | |||
Support | S1 | 97.83 | -4.84 % | |
S2 | 96.01 | -6.61 % | ||
S3 | 93.07 | -9.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 102.80 | |||
Support | S1 | 95.90 | -6.71% | |
S2 | 87.40 | -14.98% | ||
S3 | 77.80 | -24.32% |
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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