HICL Infrastructure Company Limited Stock Forecast
Red day on Tuesday for HICL Infrastructure Company Limited stock after losing 1.45%
(Updated on Apr 30, 2024)
The HICL Infrastructure Company Limited stock price fell by -1.45% on the last day (Tuesday, 30th Apr 2024) from £124.00 to £122.20. During the last trading day the stock fluctuated 2.17% from a day low at £122.15 to a day high of £124.80. The price has risen in 5 of the last 10 days but is still down by -0.49% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 4 million shares were bought and sold for approximately £439.87 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £120.98 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect HICL Infrastructure Company Limited stock with a 90% probability to be traded between £121.19 and £128.56 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
There are few to no technical positive signals at the moment. The HICL Infrastructure Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £123.66 and £124.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -3.32%. 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 HICL Infrastructure Company Limited stock
HICL Infrastructure Company Limited finds support from accumulated volume at £121.60 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 £2.65 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: £116.39 (-4.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (HICL.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect HICL Infrastructure Company Limited to open at £123.05, and during the day (based on 14 day Average True Range), to move between £120.15 and £124.25, which gives a possible trading interval of +/-£2.05 (+/-1.68%) 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 3.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £122.40 (0.16%) than the support at £121.60 (0.49%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.458 Hold/Accumulate Unchanged
Predicted Opening Price for HICL Infrastructure Company Limited of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £123.05 ( 0.696%) | £122.20 |
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 | 125.70 | 2.86 % | |
| R2 | 124.69 | 2.04 % | ||
| R1 | 124.06 | 1.52 % | ||
| Current price: | 122.20 | |||
| Support | S1 | 122.04 | -0.132 % | |
| S2 | 121.41 | -0.643 % | ||
| S3 | 120.40 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.40 | 2.62 % | |
| R2 | 124.60 | 1.96 % | ||
| R1 | 122.40 | 0.164 % | ||
| Current price | 122.20 | |||
| Support | S1 | 121.60 | -0.491% | |
| S2 | 121.40 | -0.655% | ||
| S3 | 121.20 | -0.82% |
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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