HM Inwest S.A. Stock Forecast

HM Inwest S.A. stock price ended at 48.00zł on Friday, after losing 0%.
(Updated on Jun 28, 2024)

HMI.WA Signals & Forecast

The HM Inwest S.A. 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 48.04zł. On a fall, the stock will find some support from the long-term average at approximately 47.79zł. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.05%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for HM Inwest S.A. stock

HM Inwest S.A. finds support from accumulated volume at 47.70zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0zł between high and low, or 0%. For the last week the stock has had daily average volatility of 0.754%

Our recommended stop-loss: 45.37zł (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (HMI.WA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect HM Inwest S.A. to open at 48.00zł, and during the day (based on 14 day Average True Range), to move between 47.52zł and 48.48zł, which gives a possible trading interval of +/-0.484zł (+/-1.01%) up or down from last closing price. If HM Inwest S.A. takes out the full calculated possible swing range there will be an estimated 2.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 48.10zł (0.21%) than the support at 47.70zł (0.62%), 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 HM Inwest S.A. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HM Inwest S.A. stock to perform well in the short-term period.

Current score: 2.055 Buy Candidate Unchanged

Predicted Opening Price for HM Inwest S.A. of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.