INDUS Holding AG Stock Forecast
Stronger technical forecast for INDUS Holding AG stock price after Wednesday trading.
(Updated on May 08, 2024)
The INDUS Holding AG stock price gained 1.51% on the last trading day (Wednesday, 8th May 2024), rising from 26.55€ to 26.95€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.69% from a day low at 26.65€ to a day high of 27.10€. The price has risen in 6 of the last 10 days and is up by 3.65% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 17 thousand shares were bought and sold for approximately 453.62€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 23.42% during the next 3 months and, with a 90% probability hold a price between 31.59€ and 36.70€ at the end of this 3-month period.
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INH.F Signals & Forecast
The INDUS Holding AG 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 26.07€ and 25.95€. 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 Wednesday, March 27, 2024, and so far it has fallen -0.92%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for INDUS Holding AG stock
INDUS Holding AG finds support from accumulated volume at 26.60€ 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 0.450€ between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.89%
Our recommended stop-loss: 26.08€ (-3.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (INH.F) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect INDUS Holding AG to open at 26.90€, and during the day (based on 14 day Average True Range), to move between 26.39€ and 27.51€, which gives a possible trading interval of +/-0.561€ (+/-2.08%) up or down from last closing price. If INDUS Holding AG takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 27.20€ (0.93%) than the support at 26.60€ (1.30%), 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
INDUS Holding AG will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for INDUS Holding AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.76% in the first trading day after earnings release.
Is INDUS Holding AG stock A Buy?
INDUS Holding AG holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.149 Strong Buy Candidate Upgraded
Predicted Opening Price for INDUS Holding AG of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| 26.90€ ( 0.186%) | 26.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INH.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.35 | 1.48 % | |
| R2 | 27.18 | 0.85 % | ||
| R1 | 27.07 | 0.452 % | ||
| Current price: | 26.95 | |||
| Support | S1 | 26.73 | -0.82 % | |
| S2 | 26.62 | -1.22 % | ||
| S3 | 26.45 | -1.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 27.20 | 0.93 % | ||
| Current price | 26.95 | |||
| Support | S1 | 26.60 | -1.30% | |
| S2 | 26.55 | -1.48% | ||
| S3 | 22.40 | -16.88% |
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€ | 0% |
| 3 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | 1.05€ | 0% |
| 4 | May 27, 2021 | May 27, 2021 | May 27, 2021 | 0.80€ | 0% |
| 5 | Aug 21, 2020 | Aug 21, 2020 | Aug 21, 2020 | 0.80€ | 0% |
FAQ
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