HMS Bergbau AG Stock Forecast

Red day on Thursday for HMS Bergbau AG stock after losing 0%
(Updated on May 16, 2024)

HMU.F Signals & Forecast

The HMS Bergbau AG 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 24.40€ and 24.22€. A breakdown below any of these levels will issue sell signals. 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, May 15, 2024, and so far it has fallen 0%. 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). 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. The stock had a Golden Star Signal on Friday, December 08, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for HMS Bergbau AG stock

HMS Bergbau AG finds support from accumulated volume at 24.20€ 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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: 23.42€ (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (HMU.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect HMS Bergbau AG to open at 24.40€, and during the day (based on 14 day Average True Range), to move between 24.38€ and 24.42€, which gives a possible trading interval of +/-0.0190€ (+/-0.08%) up or down from last closing price. If HMS Bergbau AG takes out the full calculated possible swing range there will be an estimated 0.16% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 24.20€, some 0.200€ (0.82%) from the current price of 24.40€, our system finds the risk reward attractive.

Is HMS Bergbau AG 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 HMS Bergbau AG stock to perform well in the short-term.

Current score: 1.952 Buy Candidate Unchanged

Predicted Opening Price for HMS Bergbau AG of Friday, May 17, 2024

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