Hermès International Société en Stock Forecast
Red day on Thursday for Hermès International Société en stock after losing 0.489%
(Updated on May 02, 2024)
The Hermès International Société en stock price fell by -0.489% on the last day (Thursday, 2nd May 2024) from 2,251.00€ to 2,240.00€. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.44% from a day low at 2,228.00€ to a day high of 2,260.00€. The price has fallen in 8 of the last 10 days and is down by -4.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -28 thousand shares and in total, 43 thousand shares were bought and sold for approximately 97.39€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 2,206.68€ 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 8.35% during the next 3 months and, with a 90% probability hold a price between 2,390.88€ and 2,705.51€ at the end of this 3-month period.
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RMS.PA Signals & Forecast
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. The Hermès International Société en 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 2,306.29€ and 2,342.31€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -7.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hermès International Société en stock
Hermès International Société en finds support from accumulated volume at 2,185.50€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 32.00€ between high and low, or 1.44%. For the last week the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: 2,125.53€ (-5.11%) (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 (RMS.PA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Hermès International Société en commandite par actions to open at 2,242.67€, and during the day (based on 14 day Average True Range), to move between 2,182.98€ and 2,297.02€, which gives a possible trading interval of +/-57.02€ (+/-2.55%) up or down from last closing price. If Hermès International Société en commandite par actions takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 2,270.00€ (1.34%) than the support at 2,185.50€ (2.43%), 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 Hermès International Société en commandite par actions stock A Buy?
Hermès International Société en holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.532 Hold/Accumulate Unchanged
Predicted Opening Price for Hermès International Société en commandite par actions of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 2,242.67€ ( 0.119%) | 2,240.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RMS.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,274.67 | 1.55 % | |
| R2 | 2,262.44 | 1.00 % | ||
| R1 | 2,254.89 | 0.665 % | ||
| Current price: | 2,240.00 | |||
| Support | S1 | 2,230.44 | -0.427 % | |
| S2 | 2,222.89 | -0.764 % | ||
| S3 | 2,210.67 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,313.00 | 3.26 % | |
| R2 | 2,297.00 | 2.54 % | ||
| R1 | 2,270.00 | 1.34 % | ||
| Current price | 2,240.00 | |||
| Support | S1 | 2,185.50 | -2.43% | |
| S2 | 2,174.50 | -2.92% | ||
| S3 | 2,075.00 | -7.37% |
RMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 21.50€ | 0.96% |
| 2 | Feb 13, 2024 | Feb 13, 2024 | Feb 15, 2024 | 3.50€ | 0.160% |
| 3 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | 9.50€ | 0.477% |
| 4 | Feb 20, 2023 | Feb 20, 2023 | Feb 20, 2023 | 3.50€ | 0.204% |
| 5 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 5.50€ | 0.466% |
FAQ
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