Heineken NV Stock Forecast
Heineken NV stock downgraded to Hold/Accumulate
(Updated on Apr 20, 2020)
The Heineken NV stock price gained 0.561% on the last trading day (Monday, 20th Apr 2020), rising from 78.44€ to 78.88€. It has now gained 4 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 1.82% from a day low at 78.16€ to a day high of 79.58€. The price has risen in 6 of the last 10 days and is up by 8.5% over the past 2 weeks. Volume fell on the last day by -360 thousand shares and in total, 598 thousand shares were bought and sold for approximately 47.14€ million. 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 80.25€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -31.42% during the next 3 months and, with a 90% probability hold a price between 39.61€ and 55.04€ 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.
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HEIA.AS Signals & Forecast
The Heineken NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 76.41€ and 76.89€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 03, 2020, and so far it has risen 11.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Heineken NV stock
Heineken NV finds support from accumulated volume at 76.18€ 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 1.42€ between high and low, or 1.82%. For the last week the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: 76.01€ (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (HEIA.AS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Heineken NV to open at 78.87€, and during the day (based on 14 day Average True Range), to move between 76.32€ and 81.44€, which gives a possible trading interval of +/-2.56€ (+/-3.24%) up or down from last closing price. If Heineken NV takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 80.74€ (2.36%) than the support at 76.18€ (3.42%), 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 Heineken NV stock A Buy?
Heineken NV holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: 0.243 Hold/Accumulate Downgraded
Predicted Opening Price for Heineken NV of Tuesday, April 21, 2020
Fair opening price April 21, 2020 | Current price |
---|---|
78.87€ ( 0.0085%) | 78.88€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEIA.AS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 80.29 | 1.79 % | |
R2 | 79.75 | 1.10 % | ||
R1 | 79.42 | 0.679 % | ||
Current price: | 78.88 | |||
Support | S1 | 78.33 | -0.696 % | |
S2 | 78.00 | -1.12 % | ||
S3 | 77.45 | -1.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 90.22 | 14.38 % | |
R2 | 81.32 | 3.09 % | ||
R1 | 80.74 | 2.36 % | ||
Current price | 78.88 | |||
Support | S1 | 76.18 | -3.42% | |
S2 | 75.02 | -4.89% | ||
S3 | 73.26 | -7.12% |
FAQ
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