Highlight Event and Entertainment AG Stock Forecast
Big movements in Highlight Event and Entertainment AG stock price on Wednesday moving 22.09% between high and low
(Updated on Jun 26, 2024)
The Highlight Event and Entertainment AG stock price fell by -18.10% on the last day (Wednesday, 26th Jun 2024) from 10.50 Fr to 8.60 Fr. During the last trading day the stock fluctuated 22.09% from a day low at 8.60 Fr to a day high of 10.50 Fr. The price has been going up and down for this period, and there has been a 43.33% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -393 shares and in total, 126 shares were bought and sold for approximately 1.08 Fr thousand.
The stock lies in the middle of a very wide and 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 -20.64% during the next 3 months and, with a 90% probability hold a price between 3.70 Fr and 8.29 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HLEE.SW Signals & Forecast
The Highlight Event and Entertainment AG 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 8.15 Fr and 7.15 Fr. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 25, 2024, and so far it has fallen -18.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Highlight Event and Entertainment AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 7.25 Fr and 7.00 Fr. 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, Highlight Event and Entertainment AG finds support just below today's level at 7.25 Fr. If this is broken, then the next support from accumulated volume will be at 7.00 Fr and 6.90 Fr.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 1.90 Fr between high and low, or 22.09%. For the last week the stock has had daily average volatility of 16.96%.
Our recommended stop-loss: 8.11 Fr (-5.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (HLEE.SW) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Highlight Event and Entertainment AG to open at 9.23 Fr, and during the day (based on 14 day Average True Range), to move between 7.98 Fr and 9.22 Fr, which gives a possible trading interval of +/-0.622 Fr (+/-7.23%) up or down from last closing price. If Highlight Event and Entertainment AG takes out the full calculated possible swing range there will be an estimated 14.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 8.80 Fr (2.33%) than the support at 7.25 Fr (15.70%), 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 Highlight Event and Entertainment AG stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.549 Buy Candidate Unchanged
Predicted Opening Price for Highlight Event and Entertainment AG of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 9.23 Fr ( 7.36%) | 8.60 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLEE.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.13 | 29.46% |
| R2 | 10.41 | 21.02% |
| R1 | 9.96 | 15.80% |
| Price | 8.60 | |
| S1 | 8.51 | -1.08% |
| S2 | 8.06 | -6.29% |
| S3 | 7.33 | -14.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.00 | 16.28% |
| R2 | 9.50 | 10.47% |
| R1 | 8.80 | 2.33% |
| Price | 8.60 | |
| S1 | 7.25 | -15.70% |
| S2 | 7.00 | -18.60% |
| S3 | 6.90 | -19.77% |
HLEE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 16, 2010 | May 17, 2010 | May 26, 2017 | 0.95 Fr | 5.86% |
| 2 | Mar 25, 2009 | May 12, 2009 | May 12, 2009 | 0.95 Fr | 5.00% |
| 3 | Apr 21, 2008 | Jun 02, 2008 | Jun 02, 2008 | 0.95 Fr | 3.83% |
| 4 | Apr 12, 2005 | May 09, 2005 | May 09, 2005 | 1.42 Fr | 4.62% |
| 5 | Apr 28, 2004 | May 28, 2004 | May 28, 2004 | 1.42 Fr | 4.42% |
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