Hilton Food Group Plc Stock Forecast
Green day on Wednesday for Hilton Food Group Plc
(Updated on May 01, 2024)
The Hilton Food Group Plc stock price gained 0.98% on the last trading day (Wednesday, 1st May 2024), rising from £916.00 to £925.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.59% from a day low at £894.00 to a day high of £935.00. The price has risen in 7 of the last 10 days and is up by 3.24% 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, 34 thousand more shares were traded than the day before. In total, 153 thousand shares were bought and sold for approximately £141.31 million.
The stock lies in the middle of a 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 18.33% during the next 3 months and, with a 90% probability hold a price between £1,032.52 and £1,111.00 at the end of this 3-month period.
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HFG.L Signals & Forecast
The Hilton Food Group 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 £917.57 and £871.94. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 24, 2024, and so far it has fallen -0.216%. 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).
Support, Risk & Stop-loss for Hilton Food Group Plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £878.00 and £868.00. 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, Hilton Food Group Plc finds support just below today's level at £878.00. If this is broken, then the next support from accumulated volume will be at £868.00 and £864.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £41.00 (4.59%) between high and low. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: £890.55 (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (HFG.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hilton Food Group Plc to open at £918.00, and during the day (based on 14 day Average True Range), to move between £893.92 and £956.08, which gives a possible trading interval of +/-£31.08 (+/-3.36%) up or down from last closing price. If Hilton Food Group Plc takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £927.00 (0.22%) than the support at £878.00 (5.08%), 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 Hilton Food Group Plc 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 Hilton Food Group Plc stock to perform well in the short-term.
Current score: 4.176 Buy Candidate Unchanged
Predicted Opening Price for Hilton Food Group Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £918.00 ( 0.757%) | £925.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HFG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 959.00 | 3.68 % | |
| R2 | 943.34 | 1.98 % | ||
| R1 | 933.66 | 0.94 % | ||
| Current price: | 925.00 | |||
| Support | S1 | 902.34 | -2.45 % | |
| S2 | 892.66 | -3.50 % | ||
| S3 | 877.00 | -5.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 927.00 | 0.216 % | ||
| Current price | 925.00 | |||
| Support | S1 | 878.00 | -5.08% | |
| S2 | 868.00 | -6.16% | ||
| S3 | 864.00 | -6.59% |
HFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 28, 2024 | £23.00 | 2.49% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £22.60 | 3.30% |
| 3 | Sep 15, 2022 | Nov 03, 2022 | Dec 02, 2022 | £7.10 | 1.32% |
| 4 | Apr 06, 2022 | Jun 01, 2022 | Jul 01, 2022 | £21.50 | 2.11% |
| 5 | Apr 06, 2022 | May 31, 2022 | Jul 01, 2022 | £21.50 | 2.11% |
FAQ
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