HEINEKEN HOLDING Stock Forecast
HEINEKEN HOLDING stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The HEINEKEN HOLDING stock price gained 1.25% on the last trading day (Friday, 19th Apr 2024), rising from $39.10 to $39.59. 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 1.19% from a day low at $39.59 to a day high of $40.06. The price has risen in 6 of the last 10 days and is up by 1.02% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 8 thousand shares were bought and sold for approximately $316.64 thousand. 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 in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.03% during the next 3 months and, with a 90% probability hold a price between $34.77 and $38.39 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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HKHHY Signals & Forecast
The HEINEKEN HOLDING 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 $38.92 and $39.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.94%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 14.33% to $45.26 within 19 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for HEINEKEN HOLDING stock
HEINEKEN HOLDING finds support from accumulated volume at $39.10 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.470 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $37.64 (-4.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HKHHY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect HEINEKEN HOLDING to open at $39.75, and during the day (based on 14 day Average True Range), to move between $38.96 and $40.22, which gives a possible trading interval of +/-$0.634 (+/-1.60%) up or down from last closing price. If HEINEKEN HOLDING takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.81 (0.56%) than the support at $39.10 (1.24%), 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 HOLDING stock A Buy?
HEINEKEN HOLDING 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.639 Hold/Accumulate Upgraded
Predicted Opening Price for HEINEKEN HOLDING of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $39.75 ( 0.396%) | $39.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HKHHY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.22 | 1.58 % | |
| R2 | 40.04 | 1.13 % | ||
| R1 | 39.93 | 0.85 % | ||
| Current price: | 39.59 | |||
| Support | S1 | 39.57 | -0.0578 % | |
| S2 | 39.46 | -0.338 % | ||
| S3 | 39.28 | -0.791 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.96 | 0.92 % | |
| R2 | 39.89 | 0.758 % | ||
| R1 | 39.81 | 0.556 % | ||
| Current price | 39.59 | |||
| Support | S1 | 39.10 | -1.24% | |
| S2 | 38.66 | -2.35% | ||
| S3 | 38.57 | -2.58% |
HKHHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.454 | 1.15% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Aug 18, 2023 | $0.380 | 0.95% |
| 3 | Jul 23, 2023 | Apr 24, 2023 | May 09, 2023 | $0.657 | 1.38% |
| 4 | Aug 10, 2022 | Aug 10, 2022 | Aug 10, 2022 | $0.258 | 0.677% |
| 5 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | $0.166 | 0.357% |
FAQ
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