Hapag-Lloyd Aktiengesellschaft Stock Forecast
Hapag-Lloyd Aktiengesellschaft stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Hapag-Lloyd Aktiengesellschaft stock price gained 4.07% on the last trading day (Tuesday, 2nd Jul 2024), rising from 172.10€ to 179.10€. During the last trading day the stock fluctuated 5.02% from a day low at 171.30€ to a day high of 179.90€. The price has risen in 6 of the last 10 days and is up by 3.35% 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, 4 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately 1.75€ million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.30% during the next 3 months and, with a 90% probability hold a price between 195.02€ and 237.70€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HLAG.DE Signals & Forecast
The Hapag-Lloyd Aktiengesellschaft 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 173.11€ and 170.59€. A breakdown below any of these levels will issue sell signals. 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 Friday, June 07, 2024, and so far it has fallen -0.94%. 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).
Support, Risk & Stop-loss for Hapag-Lloyd Aktiengesellschaft stock
On the downside, the stock finds support just below today's level from accumulated volume at 168.50€ and 162.90€. 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, Hapag-Lloyd Aktiengesellschaft finds support just below today's level at 168.50€. If this is broken, then the next support from accumulated volume will be at 162.90€ and 142.50€.
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 8.60€ between high and low, or 5.02%. For the last week, the stock has had daily average volatility of 3.25%.
Our recommended stop-loss: 171.77€ (-4.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (HLAG.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hapag-Lloyd Aktiengesellschaft to open at 176.77€, and during the day (based on 14 day Average True Range), to move between 172.35€ and 185.85€, which gives a possible trading interval of +/-6.75€ (+/-3.77%) up or down from last closing price. If Hapag-Lloyd Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 180.60€ (0.84%) than the support at 168.50€ (5.92%), 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 Hapag-Lloyd Aktiengesellschaft stock A Buy?
Hapag-Lloyd Aktiengesellschaft holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.719 Strong Buy Candidate Upgraded
Predicted Opening Price for Hapag-Lloyd Aktiengesellschaft of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 176.77€ ( 1.30%) | 179.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLAG.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 185.37 | 3.50% |
| R2 | 182.08 | 1.66% |
| R1 | 180.05 | 0.531% |
| Price | 179.10 | |
| S1 | 173.48 | -3.14% |
| S2 | 171.45 | -4.27% |
| S3 | 168.17 | -6.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 180.80 | 0.95% |
| R1 | 180.60 | 0.84% |
| Price | 179.10 | |
| S1 | 168.50 | -5.92% |
| S2 | 162.90 | -9.05% |
| S3 | 142.50 | -20.44% |
HLAG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 9.25€ | 6.49% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | 63.00€ | 32.47% |
| 3 | May 26, 2022 | May 26, 2022 | May 26, 2022 | 35.00€ | 8.83% |
| 4 | May 31, 2021 | May 31, 2021 | May 31, 2021 | 3.50€ | 2.06% |
| 5 | May 12, 2020 | Jun 08, 2020 | Jun 10, 2020 | 1.10€ | 1.64% |
FAQ
Click here for our free guide on how to buy Hapag-Lloyd Aktiengesellschaft Stock.
