Hannover Rück SE Stock Forecast
Hannover Rück SE stock price down 0.99% on Friday
(Updated on May 03, 2024)
The Hannover Rück SE stock price fell by -0.99% on the last day (Friday, 3rd May 2024) from 231.70€ to 229.40€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.93% from a day low at 228.50€ to a day high of 232.90€. The price has been going up and down for this period, and there has been a -0.13% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 102 thousand shares were bought and sold for approximately 23.30€ million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 227.92€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Hannover Rück SE stock with a 90% probability to be traded between 230.30€ and 259.70€ 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
There are mixed signals in the stock today. The Hannover Rück SE 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 230.89€ and 238.87€. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.747%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hannover Rück SE stock
Hannover Rück SE finds support from accumulated volume at 229.30€ 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 4.40€ between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: 216.06€ (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (HNR1.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hannover Rück SE to open at 230.27€, and during the day (based on 14 day Average True Range), to move between 225.33€ and 233.47€, which gives a possible trading interval of +/-4.07€ (+/-1.77%) up or down from last closing price. If Hannover Rück SE takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 229.30€ (0.04%) than the resistance at 230.60€ (0.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hannover Rück SE stock A Buy?
Hannover Rück SE holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.588 Hold/Accumulate Unchanged
Predicted Opening Price for Hannover Rück SE of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 230.27€ ( 0.378%) | 229.40€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 234.67 | 2.30 % | |
| R2 | 232.99 | 1.56 % | ||
| R1 | 231.95 | 1.11 % | ||
| Current price: | 229.40 | |||
| Support | S1 | 228.59 | -0.355 % | |
| S2 | 227.55 | -0.81 % | ||
| S3 | 225.87 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 255.70 | 11.46 % | |
| R2 | 244.60 | 6.63 % | ||
| R1 | 230.60 | 0.523 % | ||
| Current price | 229.40 | |||
| Support | S1 | 229.30 | -0.0436% | |
| S2 | 228.80 | -0.262% | ||
| S3 | 227.70 | -0.741% |
HNR1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 07, 2024 | 0€ | 0% |
| 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€ | 0.90% |
| 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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