HEXPOL AB (publ) Stock Forecast
HEXPOL AB (publ) stock downgraded to Buy Candidate
(Updated on Mar 27, 2024)
The HEXPOL AB (publ) stock price gained 0.526% on the last trading day (Wednesday, 27th Mar 2024), rising from kr133.00 to kr133.70. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.23% from a day low at kr130.00 to a day high of kr134.20. The price has risen in 7 of the last 10 days and is up by 6.45% over the past 2 weeks. Volume fell on the last day by -781 thousand shares and in total, 232 thousand shares were bought and sold for approximately kr31.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr134.55 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.92% during the next 3 months and, with a 90% probability hold a price between kr134.15 and kr147.90 at the end of this 3-month period.
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HPOL-B.ST Signals & Forecast
Mostly positive signals in the chart today. The HEXPOL AB (publ) 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 kr130.97 and kr123.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 18.95%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for HEXPOL AB (publ) stock
HEXPOL AB (publ) finds support from accumulated volume at kr133.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr4.20 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 2.59%.
The HEXPOL AB (publ) 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: kr129.93 (-2.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (HPOL-B.ST) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect HEXPOL AB (publ) to open at kr132.63, and during the day (based on 14 day Average True Range), to move between kr131.04 and kr136.36, which gives a possible trading interval of +/-kr2.66 (+/-1.99%) up or down from last closing price. If HEXPOL AB (publ) takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr133.00, some kr0.700 (0.52%) from the current price of kr133.70, our system finds the risk reward attractive.
Is HEXPOL 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 HEXPOL AB (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.872 Buy Candidate Downgraded
Predicted Opening Price for HEXPOL AB (publ) of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
kr132.63 ( 0.798%) | kr133.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HPOL-B.ST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 136.83 | 2.34 % | |
R2 | 135.23 | 1.14 % | ||
R1 | 134.24 | 0.402 % | ||
Current price: | 133.70 | |||
Support | S1 | 131.03 | -2.00 % | |
S2 | 130.04 | -2.74 % | ||
S3 | 128.43 | -3.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 133.70 | |||
Support | S1 | 133.00 | -0.524% | |
S2 | 120.00 | -10.25% | ||
S3 | 117.70 | -11.97% |
HPOL-B Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2023 | May 02, 2023 | May 02, 2023 | kr3.60 | 3.08% |
2 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr3.00 | 3.52% |
3 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | kr2.30 | 2.18% |
4 | Nov 23, 2020 | Nov 23, 2020 | Nov 23, 2020 | kr2.30 | 2.65% |
5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | kr2.30 | 3.20% |
FAQ
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