Henderson Far East Income Limited Stock Forecast

Henderson Far East Income Limited stock downgraded to Sell Candidate
(Updated on May 31, 2024)

HFEL.L Signals & Forecast

There are few to no technical positive signals at the moment. The Henderson Far East Income Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £235.93 and £232.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -3.13%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Henderson Far East Income Limited stock

Henderson Far East Income Limited finds support from accumulated volume at £224.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.44 between high and low, or 2.35%. For the last week the stock has had daily average volatility of 2.02%.

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

Trading Expectations (HFEL.L) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Henderson Far East Income Limited to open at £233.52, and during the day (based on 14 day Average True Range), to move between £227.17 and £236.83, which gives a possible trading interval of +/-£4.83 (+/-2.08%) up or down from last closing price. If Henderson Far East Income Limited takes out the full calculated possible swing range there will be an estimated 4.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £233.00 (0.43%) than the support at £224.50 (3.23%), 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 Far East Income Limited stock A Buy?

The Henderson Far East Income Limited stock holds several negative signals and despite the positive trend, we believe Henderson Far East Income Limited 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 Buy to a Sell candidate.

Current score: -3.973 Sell Candidate Downgraded

Predicted Opening Price for Henderson Far East Income Limited of Monday, June 3, 2024

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