H & M Hennes & Mauritz AB (publ) Stock Forecast

Red day on Wednesday for H & M Hennes & Mauritz AB (publ) stock after losing 2.08%
(Updated on Apr 17, 2024)

HMSB.F Signals & Forecast

The H & M Hennes & Mauritz AB (publ) 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 14.20€. On a fall, the stock will find some support from the long-term average at approximately 13.56€. 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, April 10, 2024, and so far it has risen 0.82%. Further rise is indicated until a new top pivot has been found. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for H & M Hennes & Mauritz AB (publ) stock

H & M Hennes & Mauritz AB (publ) finds support from accumulated volume at 13.98€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.650€ between high and low, or 4.59%. For the last week the stock has had daily average volatility of 2.47%.

Our recommended stop-loss: 13.34€ (-5.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (HMSB.F) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect H & M Hennes & Mauritz AB (publ) to open at 14.37€, and during the day (based on 14 day Average True Range), to move between 13.62€ and 14.68€, which gives a possible trading interval of +/-0.530€ (+/-3.75%) 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 7.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 13.98€ (1.22%) than the resistance at 14.38€ (1.60%), 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?

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: 3.317 Buy Candidate Unchanged

Predicted Opening Price for H & M Hennes & Mauritz AB (publ) of Thursday, April 18, 2024

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