HXGBY Stock Forecast & Hexagon AB (publ) Chart Analysis
This article provides a detailed analysis of HXGBY-Hexagon AB (publ) stock including a forecast for HXGBY shares. It features Hexagon AB (publ) technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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HXGBY Historical Data Review
HXGBY Current Price Performance Analysis
The Hexagon AB (publ) - HXGBY stock traded on the American stock market, on 06-05-2024, closed at 11.24$ with a %2.37 increased compared to the previous day.
In the last month, the price of HXGBY changed by %2.84 increased in value, from 10.93 dollars on 05-06-2024 to 11.24 dollars, increased.
Last year, the price of HXGBY was 11.82 dollars on 06-06-2023, and changed by %-4.91 decreased in value, to 11.24 dollars decreased within a year.
The price of Hexagon AB (publ) stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
HXGBY with AI Stock Forecast & Price Target
On the HXGBY chart Hexagon AB (publ) price was recorded as 11.24 Dollars on 06/05/2024.
The artificial intelligence's forecast on HXGBY stock is as follows.
The artificial intelligence's prediction error margin for HXGBY stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Hexagon AB (publ) stock over the next 4 months is: 11.8 Dollars.
The commentary on HXGBY stock Target Price: Highest: 12.895 Dollars is predicted.
The commentary on HXGBY stock Target Price: Lowest: 10.445 Dollars is predicted.
Resistance Price where Hexagon AB (publ) stock will Rise and Fall:
Date | Price Prediction |
---|---|
07-15-2024 | 12.895 |
10-03-2024 | 12.528 |
11-22-2024 | 12.541 |
02-25-2025 | 10.978 |
Support Price where Hexagon AB (publ) stock will Fall and Rise:
Date | Price Prediction |
---|---|
08-29-2024 | 11.892 |
10-28-2024 | 11.964 |
02-05-2025 | 10.807 |
03-27-2025 | 10.445 |
The commentary on HXGBY stock: The target price can generally be said to be on the decline.
The commentary on HXGBY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Hexagon AB (publ) stock by the end of 2024 is predicted to be 11.225 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on HXGBY stock, and the 2024 target price predictions for Hexagon AB (publ) are detailed above.
The technical analysis and charts for the commentary on HXGBY stock are below.
HXGBY Support & Resistance and Trend Analysis
HXGBY stock you have reviewed the technical analysis support resistance charts regarding.
HXGBY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the HXGBY review, the Hexagon AB (publ) support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Hexagon AB (publ) Support and Resistance Prices:
HXGBY Support Level Price | HXGBY Resistance Level Price |
---|---|
10.04 | 11.39 |
10.63 | 11.50 |
10.69 | 12.14 |
10.73 | 12.17 |
10.83 | 12.35 |
10.93 | |
11.32 | |
11.50 |
HXGBY Technical Analysis: SMA, RSI, MACD
Upon reviewing the HXGBY chart, buy and sell signals have been generated in the Hexagon AB (publ) technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for HXGBY stock are as follows:- HXGBY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Hexagon AB (publ) gave a 'Buy' signal when the RSI was at 27.83, with the current RSI value at 43.719.
- The technical analysis for HXGBY indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Hexagon AB (publ) issued a 'Buy' signal when the MACD was at -0.033, with the current MACD value being: -0.033
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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