FIH Group plc Stock Forecast

Weaker technical forecast for FIH Group plc as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)

FIH.L Signals & Forecast

There are few to no technical positive signals at the moment. The FIH Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £245.43 and £249.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -8.78%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for FIH Group plc stock

FIH Group plc finds support from accumulated volume at £230.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.13%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FIH.L) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect FIH Group plc to open at £239.00, and during the day (based on 14 day Average True Range), to move between £230.27 and £247.73, which gives a possible trading interval of +/-£8.73 (+/-3.65%) up or down from last closing price. If FIH Group plc takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £240.00 (0.42%) than the support at £230.00 (3.77%), 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?

The FIH Group plc stock holds several negative signals and despite the positive trend, we believe FIH Group plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.659 Sell Candidate Downgraded

Predicted Opening Price for FIH Group plc of Monday, June 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.