Hellenic Telecommunications Organization Stock Forecast
Hellenic Telecommunications Organization stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The Hellenic Telecommunications Organization stock price fell by -3.17% on the last day (Thursday, 25th Apr 2024) from $7.62 to $7.38. During the last trading day the stock fluctuated 0% from a day low at $7.38 to a day high of $7.38. The price has fallen in 6 of the last 10 days and is down by -4.26% for this period. Volume has increased on the last day by 228 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 829 shares were bought and sold for approximately $6.12 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.96% during the next 3 months and, with a 90% probability hold a price between $7.66 and $8.66 at the end of this 3-month period.
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HLTOY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hellenic Telecommunications Organization stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $7.53 and $7.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -5.81%. Further fall is indicated until a new bottom pivot has been found. Hellenic Telecommunications Organization gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, February 29, 2024 and based on theory for this formation the price should fall by -4.08% to $7.08 within 5 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Hellenic Telecommunications Organization stock
Hellenic Telecommunications Organization finds support from accumulated volume at $7.28 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 $0 (0%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLTOY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Hellenic Telecommunications Organization SA to open at $7.38, and during the day (based on 14 day Average True Range), to move between $7.16 and $7.60, which gives a possible trading interval of +/-$0.218 (+/-2.95%) up or down from last closing price. If Hellenic Telecommunications Organization SA takes out the full calculated possible swing range there will be an estimated 5.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.41 (0.39%) than the support at $7.28 (1.37%), 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 Hellenic Telecommunications Organization SA stock A Buy?
The Hellenic Telecommunications Organization stock holds several negative signals and despite the positive trend, we believe Hellenic Telecommunications Organization will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -3.143 Sell Candidate Downgraded
Predicted Opening Price for Hellenic Telecommunications Organization SA of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $7.38 ( 0%) | $7.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLTOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.38 | . | |
| R2 | 7.38 | . | ||
| R1 | 7.38 | . | ||
| Current price: | 7.38 | |||
| Support | S1 | 7.38 | . | |
| S2 | 7.38 | . | ||
| S3 | 7.38 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.55 | 2.29 % | |
| R2 | 7.44 | 0.797 % | ||
| R1 | 7.41 | 0.390 % | ||
| Current price | 7.38 | |||
| Support | S1 | 7.28 | -1.37% | |
| S2 | 7.13 | -3.40% | ||
| S3 | 7.08 | -4.08% |
HLTOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2023 | Jul 07, 2023 | Jul 21, 2023 | $0.321 | 3.97% |
| 2 | Jul 07, 2022 | Jul 14, 2022 | Jul 22, 2022 | $0.293 | 3.57% |
| 3 | Nov 13, 2021 | Nov 15, 2021 | Nov 29, 2021 | $0.144 | 1.72% |
| 4 | Jun 30, 2021 | Jul 02, 2021 | Jul 12, 2021 | $0.411 | 4.81% |
| 5 | Jul 09, 2020 | Jul 09, 2020 | Jul 27, 2020 | $0.310 | 4.16% |
FAQ
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