Hyperion Global Growth Companies Fund Trust Forecast
Hyperion Global Growth Companies Fund trust price ended at $4.96 on Wednesday, after gaining 1.02%.
(Updated on Jun 26, 2024)
The Hyperion Global Growth Companies Fund trust price gained 1.02% on the last trading day (Wednesday, 26th Jun 2024), rising from $4.91 to $4.96. During the last trading day the trust fluctuated 0.605% from a day low at $4.96 to a day high of $4.99. The price has risen in 5 of the last 10 days and is up by 2.48% 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, 13 thousand more shares were traded than the day before. In total, 143 thousand shares were bought and sold for approximately $710.71 thousand.
The trusthas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $4.88, a level that may pose a second chance to hit a runner. According to fan-theory $5.13 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HYGG.AX Signals & Forecast
Mostly positive signals in the chart today. The Hyperion Global Growth Companies Fund trust 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 $4.92 and $4.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 6.21%. 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). Hyperion Global Growth Companies Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Hyperion Global Growth Companies Fund trust
Hyperion Global Growth Companies Fund finds support from accumulated volume at $4.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0300 between high and low, or 0.605%. For the last week the trust has had daily average volatility of 0.652%.
Our recommended stop-loss: $4.78 (-3.72%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (HYGG.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Hyperion Global Growth Companies Fund to open at $4.97, and during the day (based on 14 day Average True Range), to move between $4.90 and $5.02, which gives a possible trading interval of +/-$0.0561 (+/-1.13%) up or down from last closing price. If Hyperion Global Growth Companies Fund takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.97 (0.20%) than the support at $4.90 (1.21%), 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 Hyperion Global Growth Companies Fund trust A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.380 Buy Candidate Unchanged
Predicted Opening Price for Hyperion Global Growth Companies Fund of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $4.97 ( 0.202%) | $4.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYGG.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.00 | 0.81% |
| R2 | 4.99 | 0.575% |
| R1 | 4.98 | 0.433% |
| Price | 4.96 | |
| S1 | 4.96 | -0.0294% |
| S2 | 4.95 | -0.172% |
| S3 | 4.94 | -0.403% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.02 | 1.21% |
| R2 | 5.01 | 1.01% |
| R1 | 4.97 | 0.202% |
| Price | 4.96 | |
| S1 | 4.90 | -1.21% |
| S2 | 4.86 | -2.02% |
| S3 | 4.84 | -2.42% |
FAQ
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