Hapag-Lloyd Aktiengesellschaft Stock Forecast
Hapag-Lloyd Aktiengesellschaft stock upgraded to Buy Candidate.
(Updated on May 16, 2024)
No changes to the price of Hapag-Lloyd Aktiengesellschaft stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 0% from a day low at $89.00 to a day high of $89.00. The price has risen in 4 of the last 10 days and is up by 9.51% over the past 2 weeks.
The stock lies in the middle of a very 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 23.89% during the next 3 months and, with a 90% probability hold a price between $94.50 and $123.10 at the end of this 3-month period.
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HPGLY Signals & Forecast
The Hapag-Lloyd Aktiengesellschaft 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 $86.99 and $82.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hapag-Lloyd Aktiengesellschaft stock
On the downside, the stock finds support just below today's level from accumulated volume at $81.27 and $78.59. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hapag-Lloyd Aktiengesellschaft finds support just below today's level at $81.27. If this is broken, then the next support from accumulated volume will be at $78.59 and $76.25.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.325%
Our recommended stop-loss: $84.00 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (HPGLY) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Hapag-Lloyd Aktiengesellschaft to open at $89.00, and during the day (based on 14 day Average True Range), to move between $86.37 and $91.63, which gives a possible trading interval of +/-$2.63 (+/-2.96%) up or down from last closing price. If Hapag-Lloyd Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $89.69 (0.77%) than the support at $81.27 (8.69%), 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 Hapag-Lloyd Aktiengesellschaft 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 Hapag-Lloyd Aktiengesellschaft 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: 2.341 Buy Candidate Upgraded
Predicted Opening Price for Hapag-Lloyd Aktiengesellschaft of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $89.00 ( 0%) | $89.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HPGLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.00 | . | |
| R2 | 89.00 | . | ||
| R1 | 89.00 | . | ||
| Current price: | 89.00 | |||
| Support | S1 | 89.00 | . | |
| S2 | 89.00 | . | ||
| S3 | 89.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.90 | 7.75 % | |
| R2 | 90.50 | 1.69 % | ||
| R1 | 89.69 | 0.770 % | ||
| Current price | 89.00 | |||
| Support | S1 | 81.27 | -8.69% | |
| S2 | 78.59 | -11.70% | ||
| S3 | 76.25 | -14.33% |
HPGLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 21, 2024 | $3.60 | 4.05% |
| 2 | Aug 03, 2023 | May 04, 2023 | May 23, 2023 | $34.33 | 33.30% |
| 3 | May 26, 2022 | May 26, 2022 | Jun 14, 2022 | $18.26 | 12.72% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | $2.14 | 2.27% |
FAQ
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