INDUS Holding AG Stock Forecast
Red day on Tuesday for INDUS Holding AG stock after losing 2.36%
(Updated on Jun 25, 2024)
The INDUS Holding AG stock price fell by -2.36% on the last day (Tuesday, 25th Jun 2024) from 25.40€ to 24.80€. During the last trading day the stock fluctuated 3.89% from a day low at 24.45€ to a day high of 25.40€. The price has fallen in 6 of the last 10 days and is down by -3.31% for this period. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 19 thousand shares were bought and sold for approximately 470.85€ thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 24.56€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect INDUS Holding AG stock with a 90% probability to be traded between 24.07€ and 27.86€ 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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INH.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The INDUS Holding AG 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 24.97€ and 26.51€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). INDUS Holding AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for INDUS Holding AG stock
INDUS Holding AG finds support from accumulated volume at 24.75€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.95€ between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INH.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect INDUS Holding AG to open at 24.88€, and during the day (based on 14 day Average True Range), to move between 24.12€ and 25.48€, which gives a possible trading interval of +/-0.679€ (+/-2.74%) up or down from last closing price. If INDUS Holding AG takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 24.75€ (0.20%) than the resistance at 26.55€ (7.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is INDUS Holding AG stock A Buy?
INDUS Holding AG holds several negative signals and is within a wide 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.
Current score: -1.977 Sell Candidate Unchanged
Predicted Opening Price for INDUS Holding AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 24.88€ ( 0.336%) | 24.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INH.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.83 | 4.17% |
| R2 | 25.47 | 2.70% |
| R1 | 25.25 | 1.80% |
| Price | 24.80 | |
| S1 | 24.52 | -1.13% |
| S2 | 24.30 | -2.03% |
| S3 | 23.93 | -3.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.20 | 9.68% |
| R2 | 26.60 | 7.26% |
| R1 | 26.55 | 7.06% |
| Price | 24.80 | |
| S1 | 24.75 | -0.202% |
| S2 | 24.70 | -0.403% |
| S3 | 24.60 | -0.81% |
INH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 27, 2024 | 1.20€ | 4.41% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.80€ | 3.05% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.05€ | 3.81% |
| 4 | May 27, 2021 | May 27, 2021 | May 27, 2021 | 0.80€ | 2.37% |
| 5 | Aug 21, 2020 | Aug 21, 2020 | Aug 21, 2020 | 0.80€ | 2.76% |
FAQ
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