Haleon plc Stock Forecast
Haleon plc stock price ended at £329.90 on Friday, after gaining 0.396%.
(Updated on May 03, 2024)
The Haleon plc stock price gained 0.396% on the last trading day (Friday, 3rd May 2024), rising from £328.60 to £329.90. During the last trading day the stock fluctuated 1.01% from a day low at £327.50 to a day high of £330.80. The price has risen in 6 of the last 10 days and is up by 1.26% 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, 14 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately £10.46 billion.
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 £324.43 and £346.34 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.L Signals & Forecast
The Haleon plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £332.31. On a fall, the stock will find some support from the long-term average at approximately £326.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -2.83%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 19, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 1.36% to £334.38 within 13 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Haleon plc stock
Haleon plc finds support from accumulated volume at £328.55 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 £3.30 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: £313.93 (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (HLN.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Haleon plc to open at £329.40, and during the day (based on 14 day Average True Range), to move between £324.25 and £335.55, which gives a possible trading interval of +/-£5.65 (+/-1.71%) up or down from last closing price. If Haleon plc takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £330.15 (0.08%) than the support at £328.55 (0.41%), 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.
Earnings coming up
Haleon plc will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.43. 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 +/- 3.94% in the first trading day after earnings release.
Is Haleon plc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Haleon plc stock to perform well in the short-term period.
Current score: 1.396 Buy Candidate Unchanged
Predicted Opening Price for Haleon plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £329.40 ( 0.152%) | £329.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 332.70 | 0.85 % | |
| R2 | 331.44 | 0.467 % | ||
| R1 | 330.66 | 0.231 % | ||
| Current price: | 329.90 | |||
| Support | S1 | 328.14 | -0.534 % | |
| S2 | 327.36 | -0.770 % | ||
| S3 | 326.10 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 332.80 | 0.88 % | |
| R2 | 331.45 | 0.470 % | ||
| R1 | 330.15 | 0.0758 % | ||
| Current price | 329.90 | |||
| Support | S1 | 328.55 | -0.409% | |
| S2 | 322.30 | -2.30% | ||
| S3 | 320.40 | -2.88% |
HLN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | May 16, 2024 | £4.20 | 1.27% |
| 2 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | £2.40 | 0.744% |
FAQ
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