Hagar hf Stock Forecast
Hagar hf stock price ended at 75.50 Íkr on Tuesday, after losing 0%.
(Updated on Apr 23, 2024)
No changes to the price of Hagar hf stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 1.34% from a day low at 74.50 Íkr to a day high of 75.50 Íkr. The price has risen in 4 of the last 10 days and is up by 0.67% over the past 2 weeks.
Given the current short-term trend, the stock is expected to fall -10.69% during the next 3 months and, with a 90% probability hold a price between 60.42 Íkr and 67.43 Íkr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HAGA.IC Signals & Forecast
The Hagar hf 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 74.82 Íkr and 74.07 Íkr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 5.59%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hagar hf stock
Hagar hf finds support from accumulated volume at 74.50 Íkr 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 1.00 Íkr between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: 71.66 Íkr (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (HAGA.IC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Hagar hf to open at 75.17 Íkr, and during the day (based on 14 day Average True Range), to move between 74.09 Íkr and 76.91 Íkr, which gives a possible trading interval of +/-1.41 Íkr (+/-1.86%) up or down from last closing price. If Hagar hf takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 76.00 Íkr (0.66%) than the support at 74.50 Íkr (1.32%), 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 Hagar hf stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.255 Buy Candidate Unchanged
Predicted Opening Price for Hagar hf of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 75.17 Íkr ( 0.442%) | 75.50 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAGA.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.17 | 0.88 % | |
| R2 | 75.78 | 0.377 % | ||
| R1 | 75.55 | 0.0645 % | ||
| Current price: | 75.50 | |||
| Support | S1 | 74.78 | -0.95 % | |
| S2 | 74.55 | -1.26 % | ||
| S3 | 74.17 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.00 | 8.61 % | |
| R2 | 80.00 | 5.96 % | ||
| R1 | 76.00 | 0.662 % | ||
| Current price | 75.50 | |||
| Support | S1 | 74.50 | -1.32% | |
| S2 | 73.50 | -2.65% | ||
| S3 | 73.00 | -3.31% |
HAGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2019 | Jun 11, 2019 | Jun 11, 2019 | 0.96 Íkr | 2.26% |
| 2 | Jun 07, 2018 | Jun 07, 2018 | Jun 07, 2018 | 1.02 Íkr | 2.24% |
| 3 | Jun 07, 2016 | Jun 07, 2016 | Jun 07, 2016 | 1.70 Íkr | 3.78% |
| 4 | Jun 05, 2015 | Jun 05, 2015 | Jun 05, 2015 | 1.70 Íkr | 4.68% |
FAQ
Click here for our free guide on how to buy Hagar hf Stock.
