HMS Networks 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
HMS Networks AB (publ) stock upgraded to Hold/Accumulate.
(Updated on May 31, 2024)
The HMS Networks AB (publ) stock price gained 4.41% on the last trading day (Friday, 31st May 2024), rising from kr435.00 to kr454.20. During the last trading day the stock fluctuated 7.16% from a day low at kr435.80 to a day high of kr467.00. The price has fallen in 6 of the last 10 days and is down by -2.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 128 thousand more shares were traded than the day before. In total, 165 thousand shares were bought and sold for approximately kr75.08 million.
The stock lies the upper part of a 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 kr467.81 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 -4.86% during the next 3 months and, with a 90% probability hold a price between kr363.46 and kr445.06 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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HMS.ST Signals & Forecast
The HMS Networks 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 kr447.80 and kr432.21. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.65%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for HMS Networks AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr422.80 and kr417.80. 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, HMS Networks AB (publ) finds support just below today's level at kr422.80. If this is broken, then the next support from accumulated volume will be at kr417.80 and kr404.80.
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 kr31.20 between high and low, or 7.16%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: kr435.71 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (HMS.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect HMS Networks AB (publ) to open at kr452.33, and during the day (based on 14 day Average True Range), to move between kr439.51 and kr468.89, which gives a possible trading interval of +/-kr14.69 (+/-3.24%) up or down from last closing price. If HMS Networks AB (publ) takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr455.00 (0.18%) than the support at kr422.80 (6.91%), 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 HMS Networks AB (publ) stock A Buy?
HMS Networks AB (publ) 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: 0.951 Hold/Accumulate Upgraded
Predicted Opening Price for HMS Networks AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr452.33 ( 0.411%) | kr454.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 483.53 | 6.46 % | |
| R2 | 471.61 | 3.83 % | ||
| R1 | 464.25 | 2.21 % | ||
| Current price: | 454.20 | |||
| Support | S1 | 440.41 | -3.04 % | |
| S2 | 433.05 | -4.66 % | ||
| S3 | 421.13 | -7.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 475.40 | 4.67 % | |
| R2 | 459.00 | 1.06 % | ||
| R1 | 455.00 | 0.176 % | ||
| Current price | 454.20 | |||
| Support | S1 | 422.80 | -6.91% | |
| S2 | 417.80 | -8.01% | ||
| S3 | 404.80 | -10.88% |
HMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 30, 2024 | kr4.40 | 1.06% |
| 2 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | kr4.00 | 0.87% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr3.00 | 0.649% |
| 4 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | kr2.00 | 0.546% |
| 5 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | kr1.90 | 1.17% |
FAQ
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