Hostelworld Group plc Stock Forecast
Hostelworld Group plc stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Hostelworld Group plc stock price gained 1.62% on the last trading day (Wednesday, 24th Apr 2024), rising from £154.50 to £157.00. It has now gained 3 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 2.27% from a day low at £154.00 to a day high of £157.50. The price has been going up and down for this period, and there has been a 0.64% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £213.08 million.
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 8.96% during the next 3 months and, with a 90% probability hold a price between £164.21 and £192.19 at the end of this 3-month period.
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HSW.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.67%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hostelworld Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £159.53. On a fall, the stock will find some support from the short-term average at £153.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Hostelworld Group plc stock
Hostelworld Group plc finds support from accumulated volume at £155.50 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £3.50 between high and low, or 2.27%. For the last week the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: £149.88 (-4.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (HSW.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Hostelworld Group plc to open at £156.17, and during the day (based on 14 day Average True Range), to move between £152.31 and £161.69, which gives a possible trading interval of +/-£4.69 (+/-2.99%) up or down from last closing price. If Hostelworld Group plc takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £157.50 (0.32%) than the support at £155.50 (0.96%), 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 Hostelworld Group plc stock A Buy?
Hostelworld Group plc 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: 0.129 Hold/Accumulate Upgraded
Predicted Opening Price for Hostelworld Group plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £156.17 ( 0.531%) | £157.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSW.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159.67 | 1.70 % | |
| R2 | 158.33 | 0.85 % | ||
| R1 | 157.50 | 0.321 % | ||
| Current price: | 157.00 | |||
| Support | S1 | 154.83 | -1.38 % | |
| S2 | 154.00 | -1.91 % | ||
| S3 | 152.67 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 162.00 | 3.18 % | |
| R2 | 159.50 | 1.59 % | ||
| R1 | 157.50 | 0.318 % | ||
| Current price | 157.00 | |||
| Support | S1 | 155.50 | -0.96% | |
| S2 | 146.00 | -7.01% | ||
| S3 | 144.00 | -8.28% |
HSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2020 | Apr 16, 2020 | May 08, 2020 | £2.10 | 3.04% |
| 2 | Aug 21, 2019 | Aug 29, 2019 | Sep 20, 2019 | £4.14 | 3.41% |
| 3 | Apr 02, 2019 | May 09, 2019 | Jun 05, 2019 | £8.87 | 4.50% |
| 4 | Aug 21, 2018 | Aug 30, 2018 | Sep 21, 2018 | £4.73 | 2.32% |
| 5 | Apr 10, 2018 | May 10, 2018 | Jun 14, 2018 | £11.83 | 3.48% |
FAQ
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