Hallenstein Glasson Holdings Limited Stock Forecast
Red day on Wednesday for Hallenstein Glasson Holdings Limited
(Updated on May 15, 2024)
The Hallenstein Glasson Holdings Limited stock price fell by -0.94% on the last day (Wednesday, 15th May 2024) from $5.30 to $5.25. It has now fallen 9 days in a row. During the last trading day the stock fluctuated 1.71% from a day low at $5.25 to a day high of $5.34. The price has fallen in 9 of the last 10 days and is down by -11.91% 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 -15 thousand shares and in total, 15 thousand shares were bought and sold for approximately $78.26 thousand.
Given the current horizontal trend, you can expect Hallenstein Glasson Holdings Limited stock with a 90% probability to be traded between $5.22 and $6.38 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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HLG.NZ Signals & Forecast
There are few to no technical positive signals at the moment. The Hallenstein Glasson Holdings 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 $5.49 and $5.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -18.60%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hallenstein Glasson Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0900 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 2.27%.
Hallenstein Glasson Holdings Limited is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLG.NZ) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Hallenstein Glasson Holdings Limited to open at $5.28, and during the day (based on 14 day Average True Range), to move between $5.13 and $5.37, which gives a possible trading interval of +/-$0.122 (+/-2.33%) up or down from last closing price. If Hallenstein Glasson Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.62, some $0.370 (7.05%) from the current price of $5.25, our system finds the risk reward not very attractive.
Is Hallenstein Glasson Holdings Limited stock A Buy?
Hallenstein Glasson Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.380 Sell Candidate Unchanged
Predicted Opening Price for Hallenstein Glasson Holdings Limited of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| $5.28 ( 0.571%) | $5.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLG.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.37 | 2.29 % | |
| R2 | 5.34 | 1.63 % | ||
| R1 | 5.31 | 1.23 % | ||
| Current price: | 5.25 | |||
| Support | S1 | 5.25 | -0.0834 % | |
| S2 | 5.22 | -0.488 % | ||
| S3 | 5.19 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.12 | 16.57 % | |
| R2 | 5.75 | 9.52 % | ||
| R1 | 5.62 | 7.05 % | ||
| Current price | 5.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HLG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | Apr 10, 2024 | Apr 18, 2024 | $0.281 | 4.83% |
| 2 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | $0.240 | 4.44% |
| 3 | Dec 08, 2022 | Dec 08, 2022 | Dec 08, 2022 | $0.240 | 4.47% |
| 4 | Apr 06, 2022 | Apr 06, 2022 | Apr 06, 2022 | $0.180 | 2.71% |
| 5 | Dec 09, 2021 | Dec 09, 2021 | Dec 09, 2021 | $0.240 | 3.38% |
FAQ
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