Henderson European Focus Trust plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Henderson European Focus Trust plc as stock downgraded to Hold/Accumulate.
(Updated on May 08, 2024)
No changes to the price of Henderson European Focus Trust plc stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 0% from a day low at £181.00 to a day high of £181.00. The price has been going up and down for this period, and there has been a -0.28% loss for the last 2 weeks.
The stock lies in the middle of a narrow 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 4.19% during the next 3 months and, with a 90% probability hold a price between £186.88 and £192.34 at the end of this 3-month period.
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HEFT.L Signals & Forecast
The Henderson European Focus Trust 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 £180.50 and £180.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.12%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The stock had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.
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 Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.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 Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, July 13, 2023.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.
A sell signal from a double top formation was found on Friday, April 26, 2024 and based on theory for this formation the price should fall by -4.18% to £173.43 within 14 trading days since signal was issued (Thursday, May 09, 2024).
Support, Risk & Stop-loss for Henderson European Focus Trust plc stock
Henderson European Focus Trust plc finds support from accumulated volume at £180.50 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 1.06%
Our recommended stop-loss: £171.11 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HEFT.L) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Henderson European Focus Trust plc to open at £181.00, and during the day (based on 14 day Average True Range), to move between £178.22 and £183.78, which gives a possible trading interval of +/-£2.78 (+/-1.54%) up or down from last closing price. If Henderson European Focus Trust plc takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £181.25 (0.14%) than the support at £180.50 (0.28%), 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 Henderson European Focus Trust plc stock A Buy?
Henderson European Focus Trust 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 Henderson European Focus Trust plc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| £181.00 ( 0%) | £181.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEFT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 181.00 | . | |
| R2 | 181.00 | . | ||
| R1 | 181.00 | . | ||
| Current price: | 181.00 | |||
| Support | S1 | 181.00 | . | |
| S2 | 181.00 | . | ||
| S3 | 181.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 182.00 | 0.552 % | |
| R2 | 181.50 | 0.276 % | ||
| R1 | 181.25 | 0.138 % | ||
| Current price | 181.00 | |||
| Support | S1 | 180.50 | -0.276% | |
| S2 | 180.00 | -0.552% | ||
| S3 | 179.50 | -0.83% |
HEFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 04, 2024 | Jan 04, 2024 | Jan 04, 2024 | £0.0305 | 0.0180% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £1.30 | 0.85% |
| 3 | Dec 08, 2022 | Jan 05, 2023 | Feb 06, 2023 | £0.500 | 0.318% |
| 4 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | £1.20 | 0.84% |
| 5 | Dec 08, 2021 | Jan 06, 2022 | Feb 04, 2022 | £2.35 | 1.51% |
FAQ
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