Heineken Holding N.V. Stock Forecast
Stronger technical forecast for Heineken Holding N.V. stock price after Monday trading.
(Updated on Jun 24, 2024)
No changes to the price of Heineken Holding N.V. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $81.00 to a day high of $81.00. The price has been going up and down for this period, and there has been a 1.53% gain for the last 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Heineken Holding N.V. stock with a 90% probability to be traded between $78.99 and $87.57 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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HKHHF Signals & Forecast
The Heineken Holding N.V. 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 $80.87 and $80.67. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 20, 2024, and so far it has fallen -0.613%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Heineken Holding N.V. stock
Heineken Holding N.V. finds support from accumulated volume at $80.95 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $77.92 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (HKHHF) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Heineken Holding N.V. to open at $81.00, and during the day (based on 14 day Average True Range), to move between $80.50 and $81.50, which gives a possible trading interval of +/-$0.505 (+/-0.62%) up or down from last closing price. If Heineken Holding N.V. takes out the full calculated possible swing range there will be an estimated 1.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $80.95 (0.06%) than the resistance at $83.67 (3.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Heineken Holding N.V. 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 Heineken Holding N.V. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.186 Buy Candidate Upgraded
Predicted Opening Price for Heineken Holding N.V. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $81.00 ( 0%) | $81.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HKHHF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.00 | - |
| R2 | 81.00 | - |
| R1 | 81.00 | - |
| Price | 81.00 | |
| S1 | 81.00 | - |
| S2 | 81.00 | - |
| S3 | 81.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 85.50 | 5.56% |
| R2 | 84.36 | 4.14% |
| R1 | 83.67 | 3.29% |
| Price | 81.00 | |
| S1 | 80.95 | -0.0617% |
| S2 | 80.11 | -1.10% |
| S3 | 76.95 | -5.00% |
HKHHF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 07, 2024 | $1.12 | 1.40% |
| 2 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | $0.760 | 0.95% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | $1.35 | 1.43% |
| 4 | Aug 03, 2022 | Aug 03, 2022 | Aug 03, 2022 | $0.508 | 0.664% |
| 5 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | $1.04 | 1.30% |
FAQ
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