Dr Hoenle AG Stock Forecast

Dr Hoenle AG stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Jul 04, 2024)

HNL.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, July 03, 2024, and so far it has risen 1.56%. 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. The Dr Hoenle AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 17.59€ and 19.39€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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

Dr Hoenle AG finds support from accumulated volume at 16.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.450€ between high and low, or 2.85%. For the last week the stock has had daily average volatility of 5.29%.

Dr Hoenle AG is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HNL.F) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Dr Hoenle AG to open at 16.10€, and during the day (based on 14 day Average True Range), to move between 15.69€ and 16.81€, which gives a possible trading interval of +/-0.564€ (+/-3.47%) up or down from last closing price. If Dr Hoenle AG takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 16.00€ (1.54%) than the resistance at 19.75€ (21.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dr Hoenle AG stock A Buy?

Dr Hoenle AG holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.366 Sell Candidate Upgraded

Predicted Opening Price for Dr Hoenle AG of Friday, July 5, 2024

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