Haleon PLC Stock Forecast
Haleon PLC stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Haleon PLC stock price gained 0.595% on the last trading day (Friday, 26th Apr 2024), rising from $8.40 to $8.45. During the last trading day the stock fluctuated 1.25% from a day low at $8.38 to a day high of $8.49. The price has risen in 9 of the last 10 days and is up by 5.49% 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, 610 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $24.28 million.
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 Haleon PLC stock with a 90% probability to be traded between $8.00 and $8.65 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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HLN Signals & Forecast
The Haleon 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 $8.33 and $8.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 5.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Haleon PLC stock
Haleon PLC finds support from accumulated volume at $8.38 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 $0.105 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: $8.06 (-4.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (HLN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Haleon PLC to open at $8.44, and during the day (based on 14 day Average True Range), to move between $8.33 and $8.57, which gives a possible trading interval of +/-$0.125 (+/-1.48%) up or down from last closing price. If Haleon PLC takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.38 (0.83%) than the resistance at $8.55 (1.18%), 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
Haleon PLC will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.110. We will update the financials statements for Haleon PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.51% in the first trading day after earnings release.
Is Haleon PLC stock A Buy?
Haleon PLC 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: -0.655 Hold/Accumulate Upgraded
Predicted Opening Price for Haleon PLC of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$8.44 ( 0.138%) | $8.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.54 | 1.10 % | |
R2 | 8.50 | 0.630 % | ||
R1 | 8.48 | 0.337 % | ||
Current price: | 8.45 | |||
Support | S1 | 8.40 | -0.613 % | |
S2 | 8.37 | -0.91 % | ||
S3 | 8.33 | -1.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.63 | 2.13 % | |
R2 | 8.56 | 1.30 % | ||
R1 | 8.55 | 1.18 % | ||
Current price | 8.45 | |||
Support | S1 | 8.38 | -0.83% | |
S2 | 8.33 | -1.42% | ||
S3 | 8.24 | -2.49% |
HLN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 14, 2024 | May 16, 2024 | $0.106 | 1.26% |
2 | Aug 02, 2023 | Aug 24, 2023 | Oct 05, 2023 | $0.0460 | 0.550% |
3 | Mar 02, 2023 | Mar 16, 2023 | Apr 27, 2023 | $0.0580 | 0.649% |
FAQ
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