Heidelberg Cement AG has strengthened above its trend. The 200-day moving average price (MAP) was €110.60. The price to 200-day MAP ratio is 1.02, a bullish indicator. In the past 200 days this ratio has exceeded 1.02 seventy-seven times suggesting further upside. The stock is trading above both its MAPs at €110.60 for the 200-day moving average price and €108.74 for the 50-day moving average price. The share price rose €1.75 (1.6 per cent) to €112.85. Compared with the DAX Index which rose 135.8 points (or 1.7 per cent) on the day, this represented a relative price change of -0.2 per cent.
PRICE VOLUME DYNAMICS
Volatility: The stock traded between an intraday low of €112.0 and a high of €112.85. Intraday volatility (highest price minus lowest price/lowest price) of 0.8 per cent was 0.5 times average daily volatility of 1.6 per cent.
Relativities: Since open its percentile rank in the German market was 72.0. In the German market of 1,124 stocks, the stock has a six month relative strength of 74 which means it has outperformed 74 per cent of the market. Also, the relative strength percentile is improving at 74 for 6 months, 80.4 for 3 months and 85.9 for 1 month.
Volume and Turnover Period: There were 190 shares worth €21,280 (US$31,088.4) traded. The volume was 0.3 times average trading of 619 shares.
Price Dynamics: The last price is at a discount of 6.7 per cent to the 12-month high of €121 and a premium of 12.8 per cent to the 12-month low of €100. The price is at a premium of 1.9 per cent to the 1-month volume weighted average price (VWP) of €110.71. Given that this premium has been under 1.9 per cent thirty times and over 1.9 per cent twenty times in the last year, the downside:upside probability is estimated at 30:20 or 1.5:1.