H B Fuller Company Stock Forecast
H B Fuller Company stock price ended at $76.11 on Tuesday, after losing 0.536%.
(Updated on Apr 23, 2024)
The H B Fuller Company stock price fell by -0.536% on the last day (Tuesday, 23rd Apr 2024) from $76.52 to $76.11. During the last trading day the stock fluctuated 1.36% from a day low at $75.76 to a day high of $76.79. The price has fallen in 6 of the last 10 days and is down by -3.23% 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 -16 thousand shares and in total, 215 thousand shares were bought and sold for approximately $16.38 million.
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 $75.24 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect H B Fuller Company stock with a 90% probability to be traded between $75.91 and $83.52 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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FUL Signals & Forecast
The H B Fuller Company 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 $76.12 and $78.50. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.24%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for H B Fuller Company stock
H B Fuller Company finds support from accumulated volume at $76.00 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 $1.03 (1.36%) between high and low. For the last week, the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: $71.58 (-5.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (FUL) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect H B Fuller Company to open at $76.22, and during the day (based on 14 day Average True Range), to move between $74.66 and $77.56, which gives a possible trading interval of +/-$1.45 (+/-1.90%) up or down from last closing price. If H B Fuller Company takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $76.00 (0.14%) than the resistance at $76.33 (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is H B Fuller Company stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.225 Buy Candidate Unchanged
Predicted Opening Price for H B Fuller Company of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $76.22 ( 0.145%) | $76.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.25 | 1.50 % | |
| R2 | 76.86 | 0.98 % | ||
| R1 | 76.61 | 0.661 % | ||
| Current price: | 76.11 | |||
| Support | S1 | 75.83 | -0.372 % | |
| S2 | 75.58 | -0.692 % | ||
| S3 | 75.19 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.58 | 8.50 % | |
| R2 | 79.74 | 4.77 % | ||
| R1 | 76.33 | 0.289 % | ||
| Current price | 76.11 | |||
| Support | S1 | 76.00 | -0.145% | |
| S2 | 75.92 | -0.250% | ||
| S3 | 75.18 | -1.22% |
FUL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 24, 2024 | May 09, 2024 | $0.223 | 0.292% |
| 2 | Feb 06, 2024 | Feb 06, 2024 | Feb 06, 2024 | $0 | 0% |
| 3 | Oct 05, 2023 | Oct 18, 2023 | Nov 02, 2023 | $0.205 | 0.303% |
| 4 | Jul 06, 2023 | Jul 19, 2023 | Aug 03, 2023 | $0.205 | 0.284% |
| 5 | Apr 06, 2023 | Apr 19, 2023 | May 04, 2023 | $0.205 | 0.317% |
FAQ
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