Heineken Nv Adr Stock Forecast
Heineken Nv Adr stock price up 0.636% on Tuesday
(Updated on Apr 23, 2024)
The Heineken Nv Adr stock price gained 0.636% on the last trading day (Tuesday, 23rd Apr 2024), rising from $48.72 to $49.03. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.24% from a day low at $48.43 to a day high of $49.03. The price has risen in 6 of the last 10 days and is up by 2.4% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 51 thousand shares were bought and sold for approximately $2.52 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.
Given the current short-term trend, the stock is expected to fall -6.10% during the next 3 months and, with a 90% probability hold a price between $41.81 and $46.04 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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HEINY Signals & Forecast
The Heineken Nv Adr 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 $47.41 and $47.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.03%. Further rise is indicated until a new top pivot has been found. 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. 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 Heineken Nv Adr stock
Heineken Nv Adr finds support from accumulated volume at $47.47 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 $0.600 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.19%.
Since the Heineken Nv Adr has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $46.80 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (HEINY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Heineken Nv Adr to open at $48.83, and during the day (based on 14 day Average True Range), to move between $48.35 and $49.71, which gives a possible trading interval of +/-$0.679 (+/-1.38%) up or down from last closing price. If Heineken Nv Adr takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.26 (0.47%) than the support at $47.47 (3.18%), 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 Adr stock A Buy?
Heineken Nv Adr 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.
Current score: 0.110 Hold/Accumulate Unchanged
Predicted Opening Price for Heineken Nv Adr of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $48.83 ( 0.408%) | $49.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEINY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.43 | 0.82 % | |
| R2 | 49.20 | 0.348 % | ||
| R1 | 49.06 | 0.0596 % | ||
| Current price: | 49.03 | |||
| Support | S1 | 48.60 | -0.88 % | |
| S2 | 48.46 | -1.16 % | ||
| S3 | 48.23 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.66 | 3.32 % | |
| R2 | 50.30 | 2.58 % | ||
| R1 | 49.26 | 0.469 % | ||
| Current price | 49.03 | |||
| Support | S1 | 47.47 | -3.18% | |
| S2 | 46.33 | -5.51% | ||
| S3 | 46.26 | -5.65% |
HEINY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Apr 29, 2024 | May 14, 2024 | $0.454 | 0.93% |
| 2 | Aug 02, 2023 | Aug 10, 2023 | Aug 18, 2023 | $0.380 | 0.785% |
| 3 | Jul 23, 2023 | Apr 24, 2023 | May 09, 2023 | $0.657 | 1.16% |
| 4 | Aug 05, 2022 | Aug 10, 2022 | Aug 18, 2022 | $0.258 | 0.534% |
| 5 | Apr 20, 2022 | Apr 25, 2022 | May 10, 2022 | $0.546 | 1.11% |
FAQ
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