Hannover Rück SE Stock Forecast
Evaluation of Hannover Rück SE stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Hannover Rück SE stock price fell by -3.40% on the last day (Tuesday, 2nd Jul 2024) from 240.90€ to 232.70€. During the last trading day the stock fluctuated 5.62% from a day low at 227.90€ to a day high of 240.70€. The price has risen in 7 of the last 10 days but is still down by -0.09% for this period. Volume has increased on the last day by 124 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 199 thousand shares were bought and sold for approximately 46.40€ million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hannover Rück SE stock with a 90% probability to be traded between 222.08€ and 240.20€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HNR1.DE Signals & Forecast
The Hannover Rück SE 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 236.31€. On a fall, the stock will find some support from the long-term average at approximately 230.78€. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, July 01, 2024, and so far it has fallen -3.40%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hannover Rück SE stock
Hannover Rück SE finds support from accumulated volume at 229.40€ 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 12.80€ between high and low, or 5.62%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HNR1.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hannover Rück SE to open at 233.77€, and during the day (based on 14 day Average True Range), to move between 228.32€ and 237.08€, which gives a possible trading interval of +/-4.38€ (+/-1.88%) up or down from last closing price. If Hannover Rück SE takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 232.80€ (0.04%) than the support at 229.40€ (1.42%), 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 Hannover Rück SE stock A Buy?
Hannover Rück SE holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.474 Sell Candidate Downgraded
Predicted Opening Price for Hannover Rück SE of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 233.77€ ( 0.458%) | 232.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HNR1.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 246.57 | 5.96% |
| R2 | 241.68 | 3.86% |
| R1 | 238.66 | 2.56% |
| Price | 232.70 | |
| S1 | 228.88 | -1.64% |
| S2 | 225.86 | -2.94% |
| S3 | 220.97 | -5.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 236.70 | 1.72% |
| R2 | 235.80 | 1.33% |
| R1 | 232.80 | 0.0430% |
| Price | 232.70 | |
| S1 | 229.40 | -1.42% |
| S2 | 228.20 | -1.93% |
| S3 | 227.00 | -2.45% |
HNR1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 10, 2024 | 1.20€ | 0.506% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | 1.00€ | 0.535% |
| 3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | 1.25€ | 0.91% |
| 4 | May 06, 2021 | May 06, 2021 | May 06, 2021 | 4.50€ | 2.97% |
| 5 | Mar 11, 2020 | May 07, 2020 | May 11, 2020 | 1.50€ | 1.09% |
FAQ
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