H & M Hennes & Mauritz AB (publ) Stock Forecast
Green day on Thursday for H & M Hennes & Mauritz AB (publ)
(Updated on Apr 18, 2024)
The H & M Hennes & Mauritz AB (publ) stock price gained 0.83% on the last trading day (Thursday, 18th Apr 2024), rising from kr169.05 to kr170.45. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.33% from a day low at kr168.80 to a day high of kr171.05. The price has risen in 6 of the last 10 days and is up by 1.31% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately kr340.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and 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 9.91% during the next 3 months and, with a 90% probability hold a price between kr161.02 and kr199.42 at the end of this 3-month period.
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HM-B.ST Signals & Forecast
The H & M Hennes & Mauritz AB (publ) 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 kr166.77 and kr154.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 3.71%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for H & M Hennes & Mauritz AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr147.48 and kr143.94. 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, H & M Hennes & Mauritz AB (publ) finds support just below today's level at kr147.48. If this is broken, then the next support from accumulated volume will be at kr143.94 and kr140.46.
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 kr2.25 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: kr162.62 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HM-B.ST) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect H & M Hennes & Mauritz AB (publ) to open at kr170.10, and during the day (based on 14 day Average True Range), to move between kr166.35 and kr174.55, which gives a possible trading interval of +/-kr4.10 (+/-2.41%) up or down from last closing price. If H & M Hennes & Mauritz AB (publ) takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr174.58 (2.42%) than the support at kr147.48 (13.48%), 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 H & M Hennes & Mauritz AB (publ) 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 H & M Hennes & Mauritz AB (publ) stock to perform well in the short-term.
Current score: 3.882 Buy Candidate Unchanged
Predicted Opening Price for H & M Hennes & Mauritz AB (publ) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| kr170.10 ( 0.205%) | kr170.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HM-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 172.35 | 1.11 % | |
| R2 | 171.49 | 0.610 % | ||
| R1 | 170.96 | 0.299 % | ||
| Current price: | 170.45 | |||
| Support | S1 | 169.24 | -0.710 % | |
| S2 | 168.71 | -1.02 % | ||
| S3 | 167.85 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 177.74 | 4.28 % | ||
| R1 | 174.58 | 2.42 % | ||
| Current price | 170.45 | |||
| Support | S1 | 147.48 | -13.48% | |
| S2 | 143.94 | -15.55% | ||
| S3 | 140.46 | -17.59% |
HM-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 13, 2024 | kr3.25 | 1.90% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr3.25 | 2.25% |
| 3 | Nov 10, 2022 | Nov 10, 2022 | Nov 10, 2022 | kr3.25 | 2.70% |
| 4 | May 05, 2022 | May 05, 2022 | May 05, 2022 | kr3.25 | 2.73% |
| 5 | Oct 29, 2021 | Oct 29, 2021 | Oct 29, 2021 | kr6.50 | 4.04% |
FAQ
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