FIH Group plc Stock Forecast
FIH Group plc stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)
The FIH Group plc stock price gained 1.60% on the last trading day (Monday, 17th Jun 2024), rising from £250.00 to £254.00. During the last trading day the stock fluctuated 8.33% from a day low at £240.00 to a day high of £260.00. The price has risen in 4 of the last 10 days and is up by 4.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately £768.60 thousand.
The stock lies in the middle of a wide and strong 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 21.87% during the next 3 months and, with a 90% probability hold a price between £299.42 and £329.47 at the end of this 3-month period.
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FIH.L Signals & Forecast
The FIH Group plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £249.86 and £250.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 4.74%. Further rise is indicated until a new top pivot has been found. FIH Group plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for FIH Group plc stock
FIH Group plc finds support from accumulated volume at £245.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £20.00 between high and low, or 8.33%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: £241.69 (-4.85%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (FIH.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect FIH Group plc to open at £251.33, and during the day (based on 14 day Average True Range), to move between £245.60 and £262.40, which gives a possible trading interval of +/-£8.40 (+/-3.31%) up or down from last closing price. If FIH Group plc takes out the full calculated possible swing range there will be an estimated 6.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £255.00 (0.39%) than the support at £245.00 (3.54%), 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 FIH Group plc stock A Buy?
FIH 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for FIH Group plc of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
£251.33 ( 1.05%) | £254.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIH.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 271.33 | 6.82% |
R2 | 263.69 | 3.82% |
R1 | 258.97 | 1.96% |
Price | 254.00 | |
S1 | 243.69 | -4.06% |
S2 | 238.97 | -5.92% |
S3 | 231.33 | -8.92% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 262.00 | 3.15% |
R2 | 260.00 | 2.36% |
R1 | 255.00 | 0.394% |
Price | 254.00 | |
S1 | 245.00 | -3.54% |
S2 | 230.00 | -9.45% |
S3 | 215.00 | -15.35% |
FIH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 30, 2023 | Nov 30, 2023 | Jan 12, 2024 | £1.25 | 0.568% |
2 | Sep 28, 2023 | Sep 28, 2023 | Oct 31, 2023 | £5.30 | 2.21% |
3 | Nov 21, 2022 | Dec 01, 2022 | Jan 13, 2023 | £1.20 | 0.480% |
4 | Jul 21, 2022 | Sep 22, 2022 | Oct 31, 2022 | £2.00 | 0.89% |
5 | Nov 10, 2021 | Dec 02, 2021 | Jan 14, 2022 | £1.00 | 0.435% |
FAQ
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