Hvidbjerg Bank A/S Stock Forecast

Hvidbjerg Bank A/S stock downgraded to Sell Candidate
(Updated on Jun 18, 2024)

HVID.CO Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hvidbjerg Bank A/S 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 kr116.00 and kr116.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.85%. 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). The stock had a Golden Star Signal on Friday, September 08, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Hvidbjerg Bank A/S stock

Hvidbjerg Bank A/S finds support from accumulated volume at kr115.00 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 kr5.00 between high and low, or 4.46%. For the last week the stock has had daily average volatility of 1.24%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HVID.CO) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Hvidbjerg Bank A/S to open at kr115.00, and during the day (based on 14 day Average True Range), to move between kr113.77 and kr118.23, which gives a possible trading interval of +/-kr2.23 (+/-1.92%) up or down from last closing price. If Hvidbjerg Bank A/S takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr117.00 (0.86%) than the support at kr115.00 (0.86%), 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 Hvidbjerg Bank A/S stock A Buy?

Hvidbjerg Bank A/S holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.733 Sell Candidate Downgraded

Predicted Opening Price for Hvidbjerg Bank A/S of Wednesday, June 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.