HEINEKEN HOLDING Stock Forecast
Evaluation of HEINEKEN HOLDING stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
The HEINEKEN HOLDING stock price gained 0.147% on the last trading day (Thursday, 20th Jun 2024), rising from $40.75 to $40.81. During the last trading day the stock fluctuated 0% from a day low at $40.81 to a day high of $40.81. The price has fallen in 5 of the last 10 days and is down by -1.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 763 more shares were traded than the day before. In total, 963 shares were bought and sold for approximately $39.30 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $40.24 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 5.73% during the next 3 months and, with a 90% probability hold a price between $42.54 and $46.70 at the end of this 3-month period.
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HKHHY Signals & Forecast
There are mixed signals in the stock today. The HEINEKEN HOLDING 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 $41.07 and $41.41. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.741%. 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). HEINEKEN HOLDING has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HEINEKEN HOLDING stock
HEINEKEN HOLDING finds support from accumulated volume at $40.46 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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.481%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HKHHY) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect HEINEKEN HOLDING to open at $40.81, and during the day (based on 14 day Average True Range), to move between $40.32 and $41.30, which gives a possible trading interval of +/-$0.488 (+/-1.20%) up or down from last closing price. If HEINEKEN HOLDING takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.90 (0.22%) than the support at $40.46 (0.85%), 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 HEINEKEN HOLDING stock A Buy?
HEINEKEN HOLDING holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.949 Sell Candidate Downgraded
Predicted Opening Price for HEINEKEN HOLDING of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $40.81 ( 0%) | $40.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HKHHY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.81 | - |
| R2 | 40.81 | - |
| R1 | 40.81 | - |
| Price | 40.81 | |
| S1 | 40.81 | - |
| S2 | 40.81 | - |
| S3 | 40.81 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.23 | 3.48% |
| R2 | 41.40 | 1.44% |
| R1 | 40.90 | 0.221% |
| Price | 40.81 | |
| S1 | 40.46 | -0.85% |
| S2 | 39.10 | -4.19% |
| S3 | 38.57 | -5.49% |
HKHHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.454 | 1.07% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Aug 18, 2023 | $0.380 | 0.95% |
| 3 | Jul 23, 2023 | Apr 24, 2023 | May 09, 2023 | $0.657 | 1.38% |
| 4 | Aug 10, 2022 | Aug 10, 2022 | Aug 10, 2022 | $0.258 | 0.677% |
| 5 | Apr 25, 2022 | Apr 25, 2022 | May 10, 2022 | $0.505 | 1.31% |
FAQ
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