Hellenic Telecommunications Organization Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Hellenic Telecommunications Organization stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 06, 2024)
The Hellenic Telecommunications Organization stock price fell by -4.33% on the last day (Monday, 6th May 2024) from $7.85 to $7.51. During the last trading day the stock fluctuated 4.68% from a day low at $7.50 to a day high of $7.85. The price has risen in 5 of the last 10 days but is still down by -3.16% for this period. Volume has increased on the last day by 651 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $9.23 thousand.
The stock lies in the middle of a weak 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 6.57% during the next 3 months and, with a 90% probability hold a price between $7.65 and $8.37 at the end of this 3-month period.
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HLTOY Signals & Forecast
The Hellenic Telecommunications Organization 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 $7.59. On a fall, the stock will find some support from the long-term average at approximately $7.47. 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). 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, May 03, 2024, and so far it has fallen -4.33%. Further fall is indicated until a new bottom pivot has been found. Hellenic Telecommunications Organization gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 02, 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.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 02, 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 Hellenic Telecommunications Organization stock
Hellenic Telecommunications Organization finds support from accumulated volume at $7.28 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 $0.351 (4.68%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: $7.16 (-4.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HLTOY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hellenic Telecommunications Organization SA to open at $7.62, and during the day (based on 14 day Average True Range), to move between $7.29 and $7.73, which gives a possible trading interval of +/-$0.217 (+/-2.89%) up or down from last closing price. If Hellenic Telecommunications Organization SA takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.54 (0.40%) than the support at $7.28 (3.06%), 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 Hellenic Telecommunications Organization SA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hellenic Telecommunications Organization stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.097 Buy Candidate Upgraded
Predicted Opening Price for Hellenic Telecommunications Organization SA of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $7.62 ( 1.46%) | $7.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLTOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.97 | 6.13 % | |
| R2 | 7.84 | 4.35 % | ||
| R1 | 7.75 | 3.25 % | ||
| Current price: | 7.51 | |||
| Support | S1 | 7.49 | -0.322 % | |
| S2 | 7.40 | -1.42 % | ||
| S3 | 7.27 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.60 | 1.20 % | |
| R2 | 7.55 | 0.533 % | ||
| R1 | 7.54 | 0.399 % | ||
| Current price | 7.51 | |||
| Support | S1 | 7.28 | -3.06% | |
| S2 | 7.13 | -5.06% | ||
| S3 | 7.08 | -5.73% |
HLTOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2023 | Jul 07, 2023 | Jul 21, 2023 | $0.321 | 3.97% |
| 2 | Jul 07, 2022 | Jul 14, 2022 | Jul 22, 2022 | $0.293 | 3.57% |
| 3 | Nov 13, 2021 | Nov 15, 2021 | Nov 29, 2021 | $0.144 | 1.72% |
| 4 | Jun 30, 2021 | Jul 02, 2021 | Jul 12, 2021 | $0.411 | 4.81% |
| 5 | Jul 09, 2020 | Jul 09, 2020 | Jul 27, 2020 | $0.310 | 4.16% |
FAQ
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