HeidelbergCement AG rose 95 Eurocents (or 1.3 per cent) to €72.65. Compared with the DAX Index which fell 342.7 points (or seven per cent) on the day, this represented a relative price change of 8.3 per cent.
Today its percentile rank in the German market was 86. The bulls are maintaining control with price open, high, low and close exceeding yesterday’s levels.
The support price is hovering at the €70.15 level. Volume traded at the weak support price zone was 0.6 times average during the two occasions when the support price was breached. In the last one month the first low was at Euro70.15 on Oct 06, the second decline halted at €70.35 on Oct 10.
Previous rallies have been met with resistance at €79.99. However, selling pressure at that level has been weak; volume was 0.1 times average during the four occasions when the resistance price was breached in the last one month. In the last one month the highest was at €79.99 on Sep 19, the second highest at €79.86 on Sep 22. The third advance halted at €79.86 on Sep 23 and the fourth at €78.60 on Sep 25
Volatility: The stock traded between an intraday high of €72.65 and a three-day low of €70.35. The price range has expanded in the last two days (from €1.20 two days ago to Euro2.30 today) which, accompanied by a price rise, is a bullish signal.
Relativities: In the German market of 1334 stocks, the stock has a six month relative strength of 53 which means it has outperformed 53 per cent of the market.
Volume and Turnover Period: There were 1045 shares worth €75,919 (US$102,941) traded. The volume was 0.8 times average trading of 1289 shares.