HELLA GmbH & Co. KGaA Stock Forecast

HELLA GmbH & Co. KGaA stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)

HLE.DE Signals & Forecast

The HELLA GmbH & Co. KGaA 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 83.10€ and 83.37€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.09%. Further rise is indicated until a new top pivot has been found. 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. The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for HELLA GmbH & Co. KGaA stock

HELLA GmbH & Co. KGaA finds support from accumulated volume at 81.50€ 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 2.20€ between high and low, or 2.70%. For the last week the stock has had daily average volatility of 2.23%.

Our recommended stop-loss: 78.92€ (-5.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (HLE.DE) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect HELLA GmbH & Co. KGaA to open at 82.83€, and during the day (based on 14 day Average True Range), to move between 81.60€ and 84.60€, which gives a possible trading interval of +/-1.50€ (+/-1.81%) up or down from last closing price. If HELLA GmbH & Co. KGaA takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 83.60€ (0.60%) than the support at 81.50€ (1.93%), 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 HELLA GmbH & Co. KGaA stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.124 Buy Candidate Upgraded

Predicted Opening Price for HELLA GmbH & Co. KGaA of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.