HOCHDORF Holding AG Stock Forecast
High volatility in HOCHDORF Holding AG stock price on Friday which ended trading at 9.72 Fr
(Updated on May 03, 2024)
The HOCHDORF Holding AG stock price fell by -19.00% on the last day (Friday, 3rd May 2024) from 12.00 Fr to 9.72 Fr. During the last trading day the stock fluctuated 90.05% from a day low at 8.84 Fr to a day high of 16.80 Fr. The price has fallen in 6 of the last 10 days but is still up by 143% over the past 2 weeks. Volume has increased on the last day by 15 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, 339 thousand shares were bought and sold for approximately 3.29 Fr million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 11.77 Fr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -54.41% during the next 3 months and, with a 90% probability hold a price between 0.182 Fr and 5.37 Fr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HOCN.SW Signals & Forecast
The HOCHDORF Holding AG stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 4.63 Fr and 6.37 Fr. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -19.00%. 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 HOCHDORF Holding AG stock
On the downside, the stock finds support just below today's level from accumulated volume at 9.00 Fr and 7.40 Fr. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at 7.40 Fr may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved 7.96 Fr between high and low, or 90.05%. For the last week, the stock has had daily average volatility of 153.30%.
Our recommended stop-loss: 9.27 Fr (-4.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HOCN.SW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect HOCHDORF Holding AG to open at 11.79 Fr, and during the day (based on 14 day Average True Range), to move between 7.62 Fr and 11.82 Fr, which gives a possible trading interval of +/-2.10 Fr (+/-21.63%) up or down from last closing price. If HOCHDORF Holding AG takes out the full calculated possible swing range there will be an estimated 43.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 9.00 Fr (7.41%) than the resistance at 11.50 Fr (18.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HOCHDORF Holding AG stock A Buy?
HOCHDORF Holding AG 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: -0.767 Hold/Accumulate Unchanged
Predicted Opening Price for HOCHDORF Holding AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 11.79 Fr ( 21.26%) | 9.72 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOCN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.75 | 103.16 % | |
| R2 | 16.71 | 71.87 % | ||
| R1 | 14.83 | 52.55 % | ||
| Current price: | 9.72 | |||
| Support | S1 | 8.75 | -10.02 % | |
| S2 | 6.87 | -29.35 % | ||
| S3 | 3.83 | -60.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.00 | 23.46 % | |
| R2 | 11.90 | 22.43 % | ||
| R1 | 11.50 | 18.31 % | ||
| Current price | 9.72 | |||
| Support | S1 | 9.00 | -7.41% | |
| S2 | 7.40 | -23.87% | ||
| S3 | 0 | . |
HOCN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2019 | Apr 16, 2019 | Apr 16, 2019 | 4.00 Fr | 3.09% |
| 2 | Apr 05, 2018 | May 08, 2018 | May 11, 2018 | 4.00 Fr | 1.48% |
| 3 | Apr 07, 2016 | May 10, 2016 | May 12, 2016 | 3.70 Fr | 1.95% |
| 4 | Mar 26, 2015 | May 12, 2015 | May 15, 2015 | 3.70 Fr | 2.33% |
| 5 | Apr 10, 2014 | May 13, 2014 | May 16, 2014 | 3.20 Fr | 2.45% |
FAQ
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