Hypoport SE Stock Forecast
Green day on Tuesday for Hypoport SE stock after gaining 0.81%
(Updated on Apr 30, 2024)
The Hypoport SE stock price gained 0.81% on the last trading day (Tuesday, 30th Apr 2024), rising from 246.60€ to 248.60€. During the last trading day the stock fluctuated 1.46% from a day low at 246.60€ to a day high of 250.20€. The price has risen in 7 of the last 10 days and is up by 10.69% 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, 1 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 899.68€ thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.30% during the next 3 months and, with a 90% probability hold a price between 290.85€ and 337.10€ at the end of this 3-month period.
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HYQ.DE Signals & Forecast
The Hypoport 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 245.71€ and 229.87€. 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). Hypoport SE 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. 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 Wednesday, April 24, 2024, and so far it has fallen -1.66%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Hypoport SE stock
On the downside, the stock finds support just below today's level from accumulated volume at 224.60€ and 207.60€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hypoport SE finds support just below today's level at 224.60€. If this is broken, then the next support from accumulated volume will be at 207.60€ and 201.00€.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 3.60€ between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: 238.23€ (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (HYQ.DE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hypoport SE to open at 248.47€, and during the day (based on 14 day Average True Range), to move between 239.62€ and 257.58€, which gives a possible trading interval of +/-8.98€ (+/-3.61%) up or down from last closing price. If Hypoport SE takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 249.20€ (0.24%) than the support at 224.60€ (9.65%), 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
Hypoport SE will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for Hypoport SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.60% in the first trading day after earnings release.
Is Hypoport SE stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hypoport SE stock to perform well in the short-term.
Current score: 2.259 Buy Candidate Unchanged
Predicted Opening Price for Hypoport SE of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 248.47€ ( 0.0536%) | 248.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYQ.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 252.07 | 1.39 % | |
| R2 | 250.69 | 0.84 % | ||
| R1 | 249.84 | 0.500 % | ||
| Current price: | 248.60 | |||
| Support | S1 | 247.09 | -0.607 % | |
| S2 | 246.24 | -0.95 % | ||
| S3 | 244.87 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 252.80 | 1.69 % | |
| R2 | 250.00 | 0.563 % | ||
| R1 | 249.20 | 0.241 % | ||
| Current price | 248.60 | |||
| Support | S1 | 224.60 | -9.65% | |
| S2 | 207.60 | -16.49% | ||
| S3 | 201.00 | -19.15% |
FAQ
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