7C Solarparken AG Stock Forecast
Red day on Friday for 7C Solarparken AG
(Updated on May 17, 2024)
The 7C Solarparken AG stock price fell by -2.39% on the last day (Friday, 17th May 2024) from 3.35€ to 3.27€. During the last trading day the stock fluctuated 2.15% from a day low at 3.26€ to a day high of 3.33€. The price has risen in 5 of the last 10 days and is up by 2.83% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -59 thousand shares and in total, 28 thousand shares were bought and sold for approximately 90.60€ thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect 7C Solarparken AG stock with a 90% probability to be traded between 2.95€ and 3.30€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HRPK.F Signals & Forecast
The 7C Solarparken AG 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 3.25€ and 3.15€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -2.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for 7C Solarparken AG stock
7C Solarparken AG finds support from accumulated volume at 3.23€ 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 controlled movements and therefore the general risk is considered 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 0.0700€ between high and low, or 2.15%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: 3.12€ (-4.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HRPK.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect 7C Solarparken AG to open at 3.29€, and during the day (based on 14 day Average True Range), to move between 3.19€ and 3.35€, which gives a possible trading interval of +/-0.0787€ (+/-2.41%) up or down from last closing price. If 7C Solarparken AG takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.29€ (0.61%) than the support at 3.23€ (1.22%), 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 7C Solarparken AG stock A Buy?
7C Solarparken AG 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: 0.984 Hold/Accumulate Unchanged
Predicted Opening Price for 7C Solarparken AG of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
3.29€ ( 0.510%) | 3.27€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRPK.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.36 | 2.65 % | |
R2 | 3.33 | 1.83 % | ||
R1 | 3.31 | 1.33 % | ||
Current price: | 3.27 | |||
Support | S1 | 3.26 | -0.308 % | |
S2 | 3.24 | -0.81 % | ||
S3 | 3.22 | -1.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.30 | 0.92 % | |
R2 | 3.30 | 0.765 % | ||
R1 | 3.29 | 0.612 % | ||
Current price | 3.27 | |||
Support | S1 | 3.23 | -1.22% | |
S2 | 3.14 | -4.13% | ||
S3 | 3.09 | -5.50% |
HRPK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 07, 2024 | Jun 07, 2024 | Jun 11, 2024 | 0.0600€ | 0% |
2 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | 0.120€ | 0% |
3 | Jul 22, 2022 | Jul 22, 2022 | Jul 22, 2022 | 0.110€ | 0% |
4 | Jul 22, 2021 | Jul 22, 2021 | Jul 22, 2021 | 0.110€ | 0% |
5 | Jun 23, 2020 | Jul 20, 2020 | Jul 22, 2020 | 0.109€ | 0% |
FAQ
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