Hansa Trust PLC Class A Stock Forecast

Weaker technical forecast for Hansa Trust PLC Class A as stock downgraded to Buy Candidate.
(Updated on May 17, 2024)

HANA.L Signals & Forecast

The Hansa Trust PLC Class A 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 £213.49 and £204.67. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, November 13, 2023 in the long-term chart.

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 Hansa Trust PLC Class A stock

On the downside, the stock finds support just below today's level from accumulated volume at £204.00 and £203.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hansa Trust PLC Class A finds support just below today's level at £204.00. If this is broken, then the next support from accumulated volume will be at £203.00 and £202.00.

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 £2.98 between high and low, or 1.39%. For the last week, the stock has had daily average volatility of 2.53%.

Our recommended stop-loss: £208.44 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (HANA.L) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Hansa Trust PLC Class A to open at £215.67, and during the day (based on 14 day Average True Range), to move between £210.54 and £221.46, which gives a possible trading interval of +/-£5.46 (+/-2.53%) up or down from last closing price. If Hansa Trust PLC Class A takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £204.00, some £12.00 (5.56%) from the current price of £216.00, our system finds the risk reward attractive.

Is Hansa Trust PLC Class A stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hansa Trust PLC Class A stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.750 Buy Candidate Downgraded

Predicted Opening Price for Hansa Trust PLC Class A of Monday, May 20, 2024

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