HOCHTIEF Aktiengesellschaft Stock Forecast

HOCHTIEF Aktiengesellschaft stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)

HOT.DE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.75%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The HOCHTIEF Aktiengesellschaft stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 103.60€. On a fall, the stock will find some support from the short-term average at 100.98€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, March 27, 2024 with a target of 105.20€. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for HOCHTIEF Aktiengesellschaft stock

HOCHTIEF Aktiengesellschaft finds support from accumulated volume at 102.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.30€ (1.27%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HOT.DE) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect HOCHTIEF Aktiengesellschaft to open at 102.83€, and during the day (based on 14 day Average True Range), to move between 100.30€ and 104.50€, which gives a possible trading interval of +/-2.10€ (+/-2.05%) up or down from last closing price. If HOCHTIEF Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 102.10€ (0.29%) than the resistance at 103.70€ (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HOCHTIEF Aktiengesellschaft stock A Buy?

HOCHTIEF Aktiengesellschaft 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 Hold/Accumulate to a Sell candidate.

Current score: -2.426 Sell Candidate Downgraded

Predicted Opening Price for HOCHTIEF Aktiengesellschaft of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.