Dr Hoenle AG Stock Forecast

Dr Hoenle AG stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 20, 2024)

HNL.F Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.24%. 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). Dr Hoenle AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Dr Hoenle AG 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 19.89€. On a fall, the stock will find some support from the long-term average at approximately 19.80€. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -4.44% to 18.97€ within 39 trading days since signal was issued (Monday, August 12, 2024).

Support, Risk & Stop-loss for Dr Hoenle AG stock

Dr Hoenle AG finds support from accumulated volume at 19.75€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.300€ between high and low, or 1.52%. For the last week the stock has had daily average volatility of 2.68%.

Our recommended stop-loss: 19.15€ (-3.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (HNL.F) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Dr Hoenle AG to open at 19.85€, and during the day (based on 14 day Average True Range), to move between 19.41€ and 20.29€, which gives a possible trading interval of +/-0.438€ (+/-2.21%) up or down from last closing price. If Dr Hoenle AG takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 19.90€ (0.25%) than the support at 19.75€ (0.50%), 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 Dr Hoenle AG stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.031 Buy Candidate Upgraded

Predicted Opening Price for Dr Hoenle AG of Friday, June 21, 2024

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