INDUS Holding AG Stock Forecast
Weaker technical forecast for INDUS Holding AG as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
The INDUS Holding AG stock price fell by -0.195% on the last day (Friday, 3rd May 2024) from 25.70€ to 25.65€. During the last trading day the stock fluctuated 0.98% from a day low at 25.60€ to a day high of 25.85€. The price has been going up and down for this period, and there has been a 0.98% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 9 thousand shares were bought and sold for approximately 236.49€ thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 25.36€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.52% during the next 3 months and, with a 90% probability hold a price between 31.57€ and 36.71€ at the end of this 3-month period.
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INH.DE Signals & Forecast
There are few to no technical positive signals at the moment. 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 25.66€ and 25.72€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.70%. 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). 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 25.60€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.250€ (0.98%) between high and low. For the last week, the stock has had daily average volatility of 1.49%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect INDUS Holding AG to open at 25.70€, and during the day (based on 14 day Average True Range), to move between 25.12€ and 26.18€, which gives a possible trading interval of +/-0.531€ (+/-2.07%) up or down from last closing price. If INDUS Holding AG takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 25.60€ (0.19%) than the resistance at 26.55€ (3.51%), 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?
The INDUS Holding AG stock holds several negative signals and despite the positive trend, we believe INDUS Holding AG will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.098 Sell Candidate Downgraded
Predicted Opening Price for INDUS Holding AG of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 25.70€ ( 0.195%) | 25.65€ |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 25.95 | 1.17 % | |
| R2 | 25.85 | 0.797 % | ||
| R1 | 25.80 | 0.567 % | ||
| Current price: | 25.65 | |||
| Support | S1 | 25.60 | -0.177 % | |
| S2 | 25.55 | -0.407 % | ||
| S3 | 25.45 | -0.780 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.20 | 6.04 % | |
| R2 | 26.60 | 3.70 % | ||
| R1 | 26.55 | 3.51 % | ||
| Current price | 25.65 | |||
| Support | S1 | 25.60 | -0.195% | |
| S2 | 25.20 | -1.75% | ||
| S3 | 22.40 | -12.67% |
INH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 23, 2024 | 0€ | 0% |
| 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€ | 3.80% |
| 4 | May 27, 2021 | May 27, 2021 | May 27, 2021 | 0.80€ | 2.35% |
| 5 | Aug 21, 2020 | Aug 21, 2020 | Aug 21, 2020 | 0.80€ | 2.79% |
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