HelloFresh SE Stock Forecast
HelloFresh SE stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
No changes to the price of HelloFresh SE stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $7.22 to a day high of $7.22. The price has fallen in 4 of the last 10 days but is still up by 4.64% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $7.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -55.02% during the next 3 months and, with a 90% probability hold a price between $2.17 and $3.50 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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HLFFF Signals & Forecast
The HelloFresh SE stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.17 and $7.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.57%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HelloFresh SE stock
HelloFresh SE finds support from accumulated volume at $7.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.337%.
Our recommended stop-loss: $6.95 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HLFFF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect HelloFresh SE to open at $7.22, and during the day (based on 14 day Average True Range), to move between $7.00 and $7.44, which gives a possible trading interval of +/-$0.219 (+/-3.04%) up or down from last closing price. If HelloFresh SE takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.20 (0.28%) than the resistance at $7.35 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HelloFresh SE stock A Buy?
HelloFresh SE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for HelloFresh SE of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $7.22 ( 0%) | $7.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLFFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.22 | . | |
| R2 | 7.22 | . | ||
| R1 | 7.22 | . | ||
| Current price: | 7.22 | |||
| Support | S1 | 7.22 | . | |
| S2 | 7.22 | . | ||
| S3 | 7.22 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.51 | 4.02 % | |
| R2 | 7.40 | 2.49 % | ||
| R1 | 7.35 | 1.80 % | ||
| Current price | 7.22 | |||
| Support | S1 | 7.20 | -0.277% | |
| S2 | 6.89 | -4.57% | ||
| S3 | 6.85 | -5.12% |
FAQ
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