H & M Hennes & Mauritz AB (publ) 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
Green day on Wednesday for H & M Hennes & Mauritz AB (publ) stock after gaining 2.64%
(Updated on Jul 03, 2024)
The H & M Hennes & Mauritz AB (publ) stock price gained 2.64% on the last trading day (Wednesday, 3rd Jul 2024), rising from kr164.80 to kr169.15. During the last trading day the stock fluctuated 2.85% from a day low at kr165.10 to a day high of kr169.80. The price has fallen in 7 of the last 10 days and is down by -11.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately kr662.86 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr165.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.13% during the next 3 months and, with a 90% probability hold a price between kr181.82 and kr216.02 at the end of this 3-month period.
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HM-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 2.64%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The H & M Hennes & Mauritz AB (publ) 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 kr174.82 and kr183.38. 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).
Support, Risk & Stop-loss for H & M Hennes & Mauritz AB (publ) stock
H & M Hennes & Mauritz AB (publ) finds support from accumulated volume at kr169.05 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 kr4.70 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HM-B.ST) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect H & M Hennes & Mauritz AB (publ) to open at kr168.02, and during the day (based on 14 day Average True Range), to move between kr163.57 and kr174.73, which gives a possible trading interval of +/-kr5.58 (+/-3.30%) 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 6.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr169.05 (0.06%) than the resistance at kr169.40 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is H & M Hennes & Mauritz AB (publ) stock A Buy?
The H & M Hennes & Mauritz AB (publ) stock holds several negative signals and despite the positive trend, we believe H & M Hennes & Mauritz AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.832 Sell Candidate Unchanged
Predicted Opening Price for H & M Hennes & Mauritz AB (publ) of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| kr168.02 ( 0.670%) | kr169.15 |
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 | |
|---|---|---|
| R3 | 172.72 | 2.11% |
| R2 | 170.92 | 1.05% |
| R1 | 169.81 | 0.391% |
| Price | 169.15 | |
| S1 | 166.22 | -1.73% |
| S2 | 165.11 | -2.39% |
| S3 | 163.32 | -3.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 194.20 | 14.81% |
| R2 | 185.60 | 9.73% |
| R1 | 169.40 | 0.148% |
| Price | 169.15 | |
| S1 | 169.05 | -0.0591% |
| S2 | 167.65 | -0.89% |
| S3 | 164.80 | -2.57% |
HM-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 07, 2024 | Nov 07, 2024 | Nov 13, 2024 | kr3.25 | 1.92% |
| 2 | May 06, 2024 | May 06, 2024 | May 13, 2024 | kr3.25 | 1.88% |
| 3 | Nov 09, 2023 | Nov 09, 2023 | Nov 15, 2023 | kr3.25 | 1.98% |
| 4 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr3.25 | 2.25% |
| 5 | Nov 10, 2022 | Nov 10, 2022 | Nov 10, 2022 | kr3.25 | 2.70% |
FAQ
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