Halma plc Stock Forecast
Red day on Tuesday for Halma plc stock after losing 1.43%
(Updated on Apr 30, 2024)
The Halma plc stock price fell by -1.43% on the last day (Tuesday, 30th Apr 2024) from £2,239.00 to £2,207.00. During the last trading day the stock fluctuated 2.23% from a day low at £2,202.00 to a day high of £2,251.00. The price has been going up and down for this period, and there has been a 0.14% gain for the last 2 weeks. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 445 thousand shares were bought and sold for approximately £982.26 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 £2,178.80 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Halma plc stock with a 90% probability to be traded between £2,194.09 and £2,396.47 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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HLMA.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.33%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Halma plc 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 £2,214.29 and £2,262.03. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should fall by -2.37% to £2,154.67 within 24 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for Halma plc stock
Halma plc finds support from accumulated volume at £2,204.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £49.00 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: £2,102.23 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (HLMA.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Halma plc to open at £2,220.00, and during the day (based on 14 day Average True Range), to move between £2,161.90 and £2,252.10, which gives a possible trading interval of +/-£45.10 (+/-2.04%) up or down from last closing price. If Halma plc takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,204.00 (0.14%) than the resistance at £2,214.00 (0.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Halma plc will release earnings BMO on Wednesday, May 01, 2024. We will update the financials statements for Halma plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.43% in the first trading day after earnings release.
Is Halma plc stock A Buy?
Halma plc 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: 0.144 Hold/Accumulate Unchanged
Predicted Opening Price for Halma plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £2,220.00 ( 0.589%) | £2,207.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLMA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,269.00 | 2.81 % | |
| R2 | 2,250.28 | 1.96 % | ||
| R1 | 2,238.72 | 1.44 % | ||
| Current price: | 2,207.00 | |||
| Support | S1 | 2,201.28 | -0.259 % | |
| S2 | 2,189.72 | -0.783 % | ||
| S3 | 2,171.00 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,362.00 | 7.02 % | |
| R2 | 2,293.00 | 3.90 % | ||
| R1 | 2,214.00 | 0.317 % | ||
| Current price | 2,207.00 | |||
| Support | S1 | 2,204.00 | -0.136% | |
| S2 | 2,178.00 | -1.31% | ||
| S3 | 2,167.00 | -1.81% |
HLMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0 | 0% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £12.34 | 0.560% |
| 3 | Nov 17, 2022 | Dec 22, 2022 | Feb 03, 2023 | £7.86 | 0.340% |
| 4 | Jun 16, 2022 | Jul 14, 2022 | Aug 18, 2022 | £11.53 | 0.499% |
| 5 | Nov 18, 2021 | Dec 23, 2021 | Feb 04, 2022 | £7.35 | 0.302% |
FAQ
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