Hufvudstaden AB (publ) Stock Forecast
Hufvudstaden AB (publ) stock price up 0.234% on Tuesday
(Updated on Apr 30, 2024)
The Hufvudstaden AB (publ) stock price gained 0.234% on the last trading day (Tuesday, 30th Apr 2024), rising from kr128.40 to kr128.70. 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 1.81% from a day low at kr127.30 to a day high of kr129.60. The price has risen in 8 of the last 10 days and is up by 5.58% over the past 2 weeks. Volume fell on the last day by -172 thousand shares and in total, 93 thousand shares were bought and sold for approximately kr12.00 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hufvudstaden AB (publ) stock with a 90% probability to be traded between kr119.07 and kr129.20 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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HUFV-A.ST Signals & Forecast
The Hufvudstaden 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 kr128.11 and kr126.57. 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). 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. 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 Tuesday, April 23, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 4.30% to kr134.23 within 28 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Hufvudstaden AB (publ) stock
Hufvudstaden AB (publ) finds support from accumulated volume at kr126.40 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr2.30 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: kr123.83 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (HUFV-A.ST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hufvudstaden AB (publ) to open at kr128.53, and during the day (based on 14 day Average True Range), to move between kr125.83 and kr131.57, which gives a possible trading interval of +/-kr2.87 (+/-2.23%) up or down from last closing price. If Hufvudstaden AB (publ) takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr128.80 (0.08%) than the support at kr126.40 (1.79%), 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.
Earnings coming up
Hufvudstaden AB (publ) will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.22. We will update the financials statements for Hufvudstaden AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.78% in the first trading day after earnings release.
Is Hufvudstaden AB (publ) stock A Buy?
Hufvudstaden AB (publ) 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: -0.506 Hold/Accumulate Unchanged
Predicted Opening Price for Hufvudstaden AB (publ) of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr128.53 ( 0.130%) | kr128.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUFV-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.83 | 1.66 % | |
| R2 | 129.95 | 0.97 % | ||
| R1 | 129.41 | 0.553 % | ||
| Current price: | 128.70 | |||
| Support | S1 | 127.65 | -0.81 % | |
| S2 | 127.11 | -1.23 % | ||
| S3 | 126.23 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.30 | 5.13 % | |
| R2 | 130.00 | 1.01 % | ||
| R1 | 128.80 | 0.0777 % | ||
| Current price | 128.70 | |||
| Support | S1 | 126.40 | -1.79% | |
| S2 | 124.30 | -3.42% | ||
| S3 | 123.80 | -3.81% |
HUFV-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | kr2.70 | 2.08% |
| 2 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | kr2.70 | 1.98% |
| 3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr2.60 | 2.08% |
| 4 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr2.50 | 1.98% |
| 5 | Mar 20, 2020 | Mar 20, 2020 | Mar 20, 2020 | kr3.90 | 3.36% |
FAQ
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