HICL Infrastructure Company Limited Stock Forecast
Stronger technical forecast for HICL Infrastructure Company Limited stock price after Monday trading.
(Updated on Apr 29, 2024)
No changes to the price of HICL Infrastructure Company Limited stock on the last trading day (Monday, 29th Apr 2024). During the last trading day the stock fluctuated 1.29% from a day low at £123.80 to a day high of £125.40. The price has risen in 5 of the last 10 days but is still down by -0.48% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HICL Infrastructure Company Limited stock with a 90% probability to be traded between £120.86 and £128.26 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HICL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 1.31%. Further rise is indicated until a new top pivot has been found. 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. The HICL Infrastructure Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £124.81. On a fall, the stock will find some support from the short-term average at £123.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HICL Infrastructure Company Limited stock
HICL Infrastructure Company Limited finds support from accumulated volume at £123.80 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 £1.60 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: £116.76 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (HICL.L) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect HICL Infrastructure Company Limited to open at £124.40, and during the day (based on 14 day Average True Range), to move between £122.00 and £126.00, which gives a possible trading interval of +/-£2.00 (+/-1.62%) up or down from last closing price. If HICL Infrastructure Company Limited takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £124.20 (0.16%) than the support at £123.80 (0.16%), 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 HICL Infrastructure Company Limited stock A Buy?
HICL Infrastructure Company Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.967 Hold/Accumulate Upgraded
Predicted Opening Price for HICL Infrastructure Company Limited of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
£124.40 ( 0.323%) | £124.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HICL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 126.00 | 1.61 % | |
R2 | 125.39 | 1.12 % | ||
R1 | 125.01 | 0.82 % | ||
Current price: | 124.00 | |||
Support | S1 | 123.79 | -0.170 % | |
S2 | 123.41 | -0.475 % | ||
S3 | 122.80 | -0.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 125.40 | 1.13 % | |
R2 | 124.60 | 0.484 % | ||
R1 | 124.20 | 0.161 % | ||
Current price | 124.00 | |||
Support | S1 | 123.80 | -0.161% | |
S2 | 122.80 | -0.97% | ||
S3 | 122.40 | -1.29% |
HICL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 28, 2024 | £2.06 | 1.63% |
2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0.0206 | 0.0155% |
3 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | £0.0206 | 0.0167% |
4 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £2.07 | 1.45% |
5 | Feb 22, 2023 | Mar 02, 2023 | Mar 31, 2023 | £2.06 | 1.33% |
FAQ
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