Hansen Technologies Ltd Stock Forecast
Hansen Technologies Ltd stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Hansen Technologies Ltd stock price gained 2.02% on the last trading day (Friday, 28th Jun 2024), rising from $4.45 to $4.54. During the last trading day the stock fluctuated 2.92% from a day low at $4.45 to a day high of $4.58. The price has risen in 6 of the last 10 days and is up by 4.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 235 thousand more shares were traded than the day before. In total, 580 thousand shares were bought and sold for approximately $2.63 million.
The stock lies the upper part of a wide and falling 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 $4.62 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.51% during the next 3 months and, with a 90% probability hold a price between $3.66 and $4.22 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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HSN.AX Signals & Forecast
The Hansen Technologies Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $4.40 and $4.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 11.82%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Hansen Technologies Ltd stock
Hansen Technologies Ltd finds support from accumulated volume at $4.40 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 $0.130 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: $4.28 (-5.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (HSN.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hansen Technologies Ltd to open at $4.52, and during the day (based on 14 day Average True Range), to move between $4.40 and $4.68, which gives a possible trading interval of +/-$0.139 (+/-3.07%) up or down from last closing price. If Hansen Technologies Ltd takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.66 (2.64%) than the support at $4.40 (3.08%), 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 Hansen Technologies Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.043 Buy Candidate Upgraded
Predicted Opening Price for Hansen Technologies Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $4.52 ( 0.367%) | $4.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSN.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.65 | 2.50% |
| R2 | 4.60 | 1.40% |
| R1 | 4.57 | 0.727% |
| Price | 4.54 | |
| S1 | 4.47 | -1.46% |
| S2 | 4.44 | -2.14% |
| S3 | 4.39 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.78 | 5.29% |
| R2 | 4.70 | 3.52% |
| R1 | 4.66 | 2.64% |
| Price | 4.54 | |
| S1 | 4.40 | -3.08% |
| S2 | 4.20 | -7.49% |
| S3 | 4.06 | -10.57% |
HSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Feb 26, 2024 | Mar 21, 2024 | $0.0500 | 1.02% |
| 2 | Aug 28, 2023 | Aug 28, 2023 | Sep 20, 2023 | $0.0500 | 0.96% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | $0.0500 | 1.12% |
| 4 | Aug 29, 2022 | Aug 29, 2022 | Aug 29, 2022 | $0.0500 | 1.02% |
| 5 | Feb 24, 2022 | Feb 24, 2022 | Feb 24, 2022 | $0.0700 | 1.38% |
FAQ
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