Grupo Hotelero Santa Fe, S.A.B. de C.V. Stock Forecast
Grupo Hotelero Santa Fe, S.A.B. de C.V. stock price ended at $3.65 on Monday, after gaining 1.39%.
(Updated on Jun 10, 2024)
The Grupo Hotelero Santa Fe, S.A.B. de C.V. stock price gained 1.39% on the last trading day (Monday, 10th Jun 2024), rising from $3.60 to $3.65. During the last trading day the stock fluctuated 5.71% from a day low at $3.50 to a day high of $3.70. The price has been going up and down for this period, and there has been a 5.19% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 808 thousand more shares were traded than the day before. In total, 808 thousand shares were bought and sold for approximately $2.95 million.
Given the current short-term trend, the stock is expected to fall -7.12% during the next 3 months and, with a 90% probability hold a price between $3.07 and $3.39 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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HOTEL.MX Signals & Forecast
The Grupo Hotelero Santa Fe, S.A.B. de C.V. 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 $3.55 and $3.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 7.35%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Grupo Hotelero Santa Fe, S.A.B. de C.V. stock
Grupo Hotelero Santa Fe, S.A.B. de C.V. finds support from accumulated volume at $3.60 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 $0.200 between high and low, or 5.71%. For the last week the stock has had daily average volatility of 1.77%.
The Grupo Hotelero Santa Fe, S.A.B. de C.V. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $3.53 (-3.28%) (This stock has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (HOTEL.MX) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Grupo Hotelero Santa Fe, S.A.B. de C.V. to open at $3.62, and during the day (based on 14 day Average True Range), to move between $3.59 and $3.71, which gives a possible trading interval of +/-$0.0617 (+/-1.69%) up or down from last closing price. If Grupo Hotelero Santa Fe, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.67 (0.55%) than the support at $3.60 (1.37%), 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 Grupo Hotelero Santa Fe, S.A.B. de C.V. stock A Buy?
Grupo Hotelero Santa Fe, S.A.B. de C.V. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Grupo Hotelero Santa Fe, S.A.B. de C.V. of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| $3.62 ( 0.91%) | $3.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOTEL.MX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.82 | 4.57% |
| R2 | 3.74 | 2.47% |
| R1 | 3.69 | 1.18% |
| Price | 3.65 | |
| S1 | 3.54 | -3.01% |
| S2 | 3.49 | -4.30% |
| S3 | 3.42 | -6.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.80 | 4.11% |
| R2 | 3.70 | 1.37% |
| R1 | 3.67 | 0.548% |
| Price | 3.65 | |
| S1 | 3.60 | -1.37% |
| S2 | 3.51 | -3.84% |
| S3 | 3.50 | -4.11% |
HOTEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | $0.0559 | 1.24% |
FAQ
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