Hexatronic Group AB (publ) Stock Forecast
Hexatronic Group AB (publ) stock upgraded to Strong Buy Candidate.
(Updated on May 10, 2024)
The Hexatronic Group AB (publ) stock price gained 3.32% on the last trading day (Friday, 10th May 2024), rising from kr38.22 to kr39.49. 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 7.47% from a day low at kr38.15 to a day high of kr41.00. The price has risen in 7 of the last 10 days and is up by 23.48% 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, 882 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately kr87.81 million.
Given the current short-term trend, the stock is expected to rise 3.14% during the next 3 months and, with a 90% probability hold a price between kr27.82 and kr40.73 at the end of this 3-month period.
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HTRO.ST Signals & Forecast
Mostly positive signals in the chart today. The Hexatronic Group 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 kr36.58 and kr32.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 50.32%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hexatronic Group AB (publ) stock
Hexatronic Group AB (publ) finds support from accumulated volume at kr38.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr2.85 between high and low, or 7.47%. For the last week, the stock has had daily average volatility of 10.39%.
Our recommended stop-loss: kr38.07 (-3.60%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (HTRO.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Hexatronic Group AB (publ) to open at kr39.55, and during the day (based on 14 day Average True Range), to move between kr36.87 and kr42.11, which gives a possible trading interval of +/-kr2.62 (+/-6.62%) up or down from last closing price. If Hexatronic Group AB (publ) takes out the full calculated possible swing range there will be an estimated 13.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr38.65, some kr0.84 (2.13%) from the current price of kr39.49, our system finds the risk reward attractive.
Is Hexatronic Group AB (publ) stock A Buy?
Hexatronic Group AB (publ) holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.063 Strong Buy Candidate Upgraded
Predicted Opening Price for Hexatronic Group AB (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr39.55 ( 0.143%) | kr39.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTRO.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.40 | 7.36 % | |
| R2 | 41.31 | 4.60 % | ||
| R1 | 40.64 | 2.90 % | ||
| Current price: | 39.49 | |||
| Support | S1 | 38.46 | -2.61 % | |
| S2 | 37.79 | -4.32 % | ||
| S3 | 36.70 | -7.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 39.49 | |||
| Support | S1 | 38.65 | -2.13% | |
| S2 | 36.32 | -8.03% | ||
| S3 | 35.33 | -10.53% |
HTRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2023 | May 10, 2023 | May 10, 2023 | kr0.100 | 0.132% |
| 2 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr0.100 | 0.132% |
| 3 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr0.100 | 0.341% |
| 4 | May 10, 2019 | May 10, 2019 | May 10, 2019 | kr0.0800 | 0.784% |
| 5 | Apr 20, 2018 | Apr 20, 2018 | Apr 20, 2018 | kr0.0800 | 0.645% |
FAQ
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