HOCHDORF Holding AG Stock Forecast
HOCHDORF Holding AG stock price down 2.75% on Friday
(Updated on May 24, 2024)
The HOCHDORF Holding AG stock price fell by -2.75% on the last day (Friday, 24th May 2024) from 8.00 Fr to 7.78 Fr. During the last trading day the stock fluctuated 5.97% from a day low at 7.70 Fr to a day high of 8.16 Fr. The price has fallen in 6 of the last 10 days and is down by -32.05% for this period. 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 -11 thousand shares and in total, 9 thousand shares were bought and sold for approximately 69.91 Fr thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 7.75 Fr and 6.23 Fr. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 07, 2024, and so far it has fallen -39.22%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HOCHDORF Holding AG stock
HOCHDORF Holding AG finds support from accumulated volume at 7.40 Fr 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.460 Fr between high and low, or 5.97%. For the last week the stock has had daily average volatility of 5.35%.
Our recommended stop-loss: 7.29 Fr (-6.34%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (HOCN.SW) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect HOCHDORF Holding AG to open at 7.88 Fr, and during the day (based on 14 day Average True Range), to move between 6.15 Fr and 9.41 Fr, which gives a possible trading interval of +/-1.63 Fr (+/-20.99%) up or down from last closing price. If HOCHDORF Holding AG takes out the full calculated possible swing range there will be an estimated 41.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 7.80 Fr (0.26%) than the support at 7.40 Fr (4.88%), 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 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: -0.873 Hold/Accumulate Unchanged
Predicted Opening Price for HOCHDORF Holding AG of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| 7.88 Fr ( 1.29%) | 7.78 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 | 8.34 | 7.20 % | |
| R2 | 8.16 | 4.94 % | ||
| R1 | 8.06 | 3.54 % | ||
| Current price: | 7.78 | |||
| Support | S1 | 7.70 | -0.97 % | |
| S2 | 7.60 | -2.37 % | ||
| S3 | 7.42 | -4.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.72 | 24.94 % | |
| R2 | 8.00 | 2.83 % | ||
| R1 | 7.80 | 0.257 % | ||
| Current price | 7.78 | |||
| Support | S1 | 7.40 | -4.88% | |
| S2 | 7.02 | -9.77% | ||
| S3 | 6.20 | -20.31% |
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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