H & M Hennes & Mauritz AB (publ) Stock Forecast
Stronger technical forecast for H & M Hennes & Mauritz AB (publ) stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The H & M Hennes & Mauritz AB (publ) stock price gained 2.69% on the last trading day (Tuesday, 30th Apr 2024), rising from 14.85€ to 15.25€. During the last trading day the stock fluctuated 2.69% from a day low at 14.85€ to a day high of 15.25€. The price has risen in 6 of the last 10 days and is up by 5.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately 39.36€ thousand.
The stock lies in the middle of a wide and strong 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 19.84% during the next 3 months and, with a 90% probability hold a price between 16.76€ and 20.37€ at the end of this 3-month period.
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HMSB.F 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 15.19€ and 14.15€. A breakdown below any of these levels will issue sell signals. H & M Hennes & Mauritz AB (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, March 27, 2024, and so far it has fallen -4.69%. Further fall is indicated until a new bottom pivot has been found. 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 13.98€ and 13.50€. 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 13.98€. If this is broken, then the next support from accumulated volume will be at 13.50€ and 13.03€.
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 0.400€ between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: 14.65€ (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (HMSB.F) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect H & M Hennes & Mauritz AB (publ) to open at 15.12€, and during the day (based on 14 day Average True Range), to move between 14.70€ and 15.80€, which gives a possible trading interval of +/-0.548€ (+/-3.59%) 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 7.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.48€ (1.51%) than the support at 13.98€ (8.34%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.415 Buy Candidate Upgraded
Predicted Opening Price for H & M Hennes & Mauritz AB (publ) of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 15.12€ ( 0.87%) | 15.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMSB.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.52 | 1.75 % | |
| R2 | 15.36 | 0.747 % | ||
| R1 | 15.27 | 0.128 % | ||
| Current price: | 15.25 | |||
| Support | S1 | 14.96 | -1.88 % | |
| S2 | 14.87 | -2.50 % | ||
| S3 | 14.72 | -3.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.00 | 4.92 % | |
| R2 | 15.80 | 3.61 % | ||
| R1 | 15.48 | 1.51 % | ||
| Current price | 15.25 | |||
| Support | S1 | 13.98 | -8.34% | |
| S2 | 13.50 | -11.48% | ||
| S3 | 13.03 | -14.54% |
HMSB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 07, 2024 | Nov 07, 2024 | Nov 13, 2024 | 0.288€ | 0% |
| 2 | May 06, 2024 | May 06, 2024 | May 13, 2024 | 0.288€ | 0% |
| 3 | May 05, 2023 | May 05, 2023 | May 05, 2023 | 3.25€ | 0% |
| 4 | Nov 10, 2022 | Nov 10, 2022 | Nov 10, 2022 | 3.25€ | 0% |
| 5 | May 05, 2022 | May 05, 2022 | May 05, 2022 | 3.25€ | 0% |
FAQ
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