HEINEKEN HOLDING Stock Forecast
HEINEKEN HOLDING stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The HEINEKEN HOLDING stock price gained 0.83% on the last trading day (Thursday, 2nd May 2024), rising from $39.95 to $40.28. During the last trading day the stock fluctuated 1.00% from a day low at $39.88 to a day high of $40.28. The price has been going up and down for this period, and there has been a 3.02% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $303.27 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.39% during the next 3 months and, with a 90% probability hold a price between $37.11 and $40.62 at the end of this 3-month period.
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HKHHY Signals & Forecast
The HEINEKEN HOLDING stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $40.82. On a fall, the stock will find some support from the long-term average at approximately $39.72. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Higher liquidity also reduces the general risk. 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, April 25, 2024, and so far it has fallen -2.70%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 12.37% to $45.26 within 19 trading days since signal was issued (Friday, May 03, 2024).
Support, Risk & Stop-loss for HEINEKEN HOLDING stock
HEINEKEN HOLDING finds support from accumulated volume at $39.96 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 $0.400 (1.00%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.
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 3rd
For the upcoming trading day on Friday, 3rd we expect HEINEKEN HOLDING to open at $40.15, and during the day (based on 14 day Average True Range), to move between $39.52 and $41.04, which gives a possible trading interval of +/-$0.765 (+/-1.90%) up or down from last closing price. If HEINEKEN HOLDING takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.46 (0.45%) than the support at $39.96 (0.81%), 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: -2.060 Sell Candidate Downgraded
Predicted Opening Price for HEINEKEN HOLDING of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $40.15 ( 0.331%) | $40.28 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 40.55 | 0.662 % | |
| R2 | 40.39 | 0.283 % | ||
| R1 | 40.30 | 0.0483 % | ||
| Current price: | 40.28 | |||
| Support | S1 | 39.99 | -0.710 % | |
| S2 | 39.90 | -0.94 % | ||
| S3 | 39.75 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.40 | 2.78 % | |
| R2 | 41.03 | 1.86 % | ||
| R1 | 40.46 | 0.454 % | ||
| Current price | 40.28 | |||
| Support | S1 | 39.96 | -0.81% | |
| S2 | 39.89 | -0.97% | ||
| S3 | 39.10 | -2.93% |
HKHHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.454 | 1.13% |
| 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% |
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