HEXPOL AB (publ) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for HEXPOL AB (publ)
(Updated on Apr 26, 2024)
The HEXPOL AB (publ) stock price fell by -0.547% on the last day (Friday, 26th Apr 2024) from kr128.00 to kr127.30. During the last trading day the stock fluctuated 4.94% from a day low at kr125.40 to a day high of kr131.60. The price has fallen in 7 of the last 10 days and is down by -4.72% for this period. Volume has increased on the last day by 331 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 611 thousand shares were bought and sold for approximately kr77.76 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr127.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.92% during the next 3 months and, with a 90% probability hold a price between kr143.72 and kr159.38 at the end of this 3-month period.
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HPOL-B.ST Signals & Forecast
There are few to no technical positive signals at the moment. The HEXPOL AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr129.74 and kr130.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -7.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for HEXPOL AB (publ) stock
HEXPOL AB (publ) finds support from accumulated volume at kr125.60 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 kr6.20 (4.94%) between high and low. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HPOL-B.ST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect HEXPOL AB (publ) to open at kr128.10, and during the day (based on 14 day Average True Range), to move between kr124.33 and kr130.27, which gives a possible trading interval of +/-kr2.97 (+/-2.33%) up or down from last closing price. If HEXPOL AB (publ) takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr125.60 (1.34%) than the resistance at kr130.70 (2.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HEXPOL AB (publ) stock A Buy?
The HEXPOL AB (publ) stock holds several negative signals and despite the positive trend, we believe HEXPOL AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.311 Sell Candidate Unchanged
Predicted Opening Price for HEXPOL AB (publ) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr128.10 ( 0.628%) | kr127.30 |
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 | 134.30 | 5.50 % | |
| R2 | 131.93 | 3.64 % | ||
| R1 | 130.47 | 2.49 % | ||
| Current price: | 127.30 | |||
| Support | S1 | 125.73 | -1.23 % | |
| S2 | 124.27 | -2.38 % | ||
| S3 | 121.90 | -4.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.00 | 4.48 % | |
| R2 | 132.20 | 3.85 % | ||
| R1 | 130.70 | 2.67 % | ||
| Current price | 127.30 | |||
| Support | S1 | 125.60 | -1.34% | |
| S2 | 122.50 | -3.77% | ||
| S3 | 119.90 | -5.81% |
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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