Hoist Finance AB (publ) Stock Forecast
Hoist Finance AB (publ) stock upgraded to Buy Candidate.
(Updated on May 21, 2024)
The Hoist Finance AB (publ) stock price gained 1.67% on the last trading day (Tuesday, 21st May 2024), rising from kr53.80 to kr54.70. During the last trading day the stock fluctuated 3.20% from a day low at kr53.20 to a day high of kr54.90. The price has fallen in 6 of the last 10 days and is down by -8.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 163 thousand shares were bought and sold for approximately kr8.92 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.67% during the next 3 months and, with a 90% probability hold a price between kr65.82 and kr78.52 at the end of this 3-month period.
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HOFI.ST Signals & Forecast
The Hoist Finance AB (publ) 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 kr55.19. On a fall, the stock will find some support from the long-term average at approximately kr52.93. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 -8.83%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Hoist Finance AB (publ) stock
Hoist Finance AB (publ) finds support from accumulated volume at kr52.10 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr1.70 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: kr52.29 (-4.41%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (HOFI.ST) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Hoist Finance AB (publ) to open at kr54.27, and during the day (based on 14 day Average True Range), to move between kr52.62 and kr56.78, which gives a possible trading interval of +/-kr2.08 (+/-3.79%) up or down from last closing price. If Hoist Finance AB (publ) takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr52.10 (4.75%) than the resistance at kr58.60 (7.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hoist Finance AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hoist Finance AB (publ) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.587 Buy Candidate Upgraded
Predicted Opening Price for Hoist Finance AB (publ) of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| kr54.27 ( 0.792%) | kr54.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOFI.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.97 | 2.32 % | |
| R2 | 55.32 | 1.13 % | ||
| R1 | 54.92 | 0.395 % | ||
| Current price: | 54.70 | |||
| Support | S1 | 53.62 | -1.98 % | |
| S2 | 53.22 | -2.71 % | ||
| S3 | 52.57 | -3.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.00 | 9.69 % | |
| R2 | 59.60 | 8.96 % | ||
| R1 | 58.60 | 7.13 % | ||
| Current price | 54.70 | |||
| Support | S1 | 52.10 | -4.75% | |
| S2 | 51.00 | -6.76% | ||
| S3 | 46.75 | -14.53% |
HOFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2018 | May 17, 2018 | May 17, 2018 | kr1.90 | 2.58% |
| 2 | May 02, 2017 | May 02, 2017 | May 02, 2017 | kr1.30 | 1.56% |
| 3 | May 02, 2016 | May 02, 2016 | May 02, 2016 | kr0.750 | 0.93% |
FAQ
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