Haleon PLC Stock Forecast
Haleon PLC stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Haleon PLC stock price gained 1.67% on the last trading day (Friday, 17th May 2024), rising from $8.37 to $8.51. During the last trading day the stock fluctuated 1.55% from a day low at $8.39 to a day high of $8.52. The price has risen in 6 of the last 10 days and is up by 2.53% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 11 million shares were bought and sold for approximately $91.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $8.60 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Haleon PLC stock with a 90% probability to be traded between $7.91 and $8.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HLN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -0.234%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Haleon PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.34 and $8.28. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, May 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 14, 2024.
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 Monday, May 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 14, 2024.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 12 Months
The stock had a Golden Star Signal on Monday, May 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 14, 2024.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.
Support, Risk & Stop-loss for Haleon PLC stock
Haleon PLC finds support from accumulated volume at $8.38 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 $0.130 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: $8.21 (-3.49%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (HLN) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Haleon PLC to open at $8.47, and during the day (based on 14 day Average True Range), to move between $8.37 and $8.65, which gives a possible trading interval of +/-$0.139 (+/-1.64%) up or down from last closing price. If Haleon PLC takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.53 (0.24%) than the support at $8.38 (1.53%), 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 Haleon PLC stock A Buy?
Haleon 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: 0.316 Hold/Accumulate Upgraded
Predicted Opening Price for Haleon PLC of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$8.47 ( 0.431%) | $8.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.60 | 1.10 % | |
R2 | 8.55 | 0.513 % | ||
R1 | 8.52 | 0.153 % | ||
Current price: | 8.51 | |||
Support | S1 | 8.42 | -1.01 % | |
S2 | 8.39 | -1.37 % | ||
S3 | 8.34 | -1.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.56 | 0.588 % | |
R2 | 8.55 | 0.470 % | ||
R1 | 8.53 | 0.235 % | ||
Current price | 8.51 | |||
Support | S1 | 8.38 | -1.53% | |
S2 | 8.33 | -2.12% | ||
S3 | 8.24 | -3.17% |
HLN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 14, 2024 | May 16, 2024 | $0.106 | 1.27% |
2 | Aug 02, 2023 | Aug 24, 2023 | Oct 05, 2023 | $0.0460 | 0.550% |
3 | Mar 02, 2023 | Mar 16, 2023 | Apr 27, 2023 | $0.0580 | 0.649% |
FAQ
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