Hannover Rück SE Stock Forecast
Evaluation of Hannover Rück SE stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
No changes to the price of Hannover Rück SE stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $41.71 to a day high of $41.71. The price has been going up and down for this period, and there has been a 0.1% gain for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.60% during the next 3 months and, with a 90% probability hold a price between $36.00 and $40.14 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HVRRY Signals & Forecast
The Hannover Rück SE 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 $41.36 and $41.29. 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 Tuesday, June 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hannover Rück SE stock
Hannover Rück SE finds support from accumulated volume at $41.11 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 therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.204%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HVRRY) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Hannover Rück SE to open at $41.71, and during the day (based on 14 day Average True Range), to move between $41.08 and $42.34, which gives a possible trading interval of +/-$0.631 (+/-1.51%) up or down from last closing price. If Hannover Rück SE takes out the full calculated possible swing range there will be an estimated 3.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.11 (1.44%) than the resistance at $44.61 (6.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hannover Rück SE stock A Buy?
Hannover Rück SE holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -1.325 Sell Candidate Downgraded
Predicted Opening Price for Hannover Rück SE of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $41.71 ( 0%) | $41.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HVRRY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.71 | - |
| R2 | 41.71 | - |
| R1 | 41.71 | - |
| Price | 41.71 | |
| S1 | 41.71 | - |
| S2 | 41.71 | - |
| S3 | 41.71 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.06 | 8.03% |
| R2 | 45.02 | 7.94% |
| R1 | 44.61 | 6.95% |
| Price | 41.71 | |
| S1 | 41.11 | -1.44% |
| S2 | 40.77 | -2.26% |
| S3 | 40.46 | -3.00% |
HVRRY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | May 07, 2024 | May 20, 2024 | $0.92 | 2.28% |
| 2 | Aug 03, 2023 | May 04, 2023 | May 18, 2023 | $3.29 | 9.48% |
| 3 | Apr 29, 2022 | May 05, 2022 | May 19, 2022 | $3.12 | 12.30% |
| 4 | Apr 20, 2021 | May 06, 2021 | May 20, 2021 | $2.71 | 9.29% |
| 5 | May 07, 2020 | May 15, 2020 | May 21, 2020 | $2.97 | 11.64% |
FAQ
Click here for our free guide on how to buy Hannover Rück SE Stock.
