Haleon PLC Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Haleon PLC stock price ended at $8.24 on Friday, after losing 0.242%.
(Updated on May 10, 2024)
The Haleon PLC stock price fell by -0.242% on the last day (Friday, 10th May 2024) from $8.26 to $8.24. During the last trading day the stock fluctuated 0.88% from a day low at $8.22 to a day high of $8.29. The price has fallen in 6 of the last 10 days and is down by -2.49% 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 -692 thousand shares and in total, 3 million shares were bought and sold for approximately $28.70 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 $7.99 and $8.64 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HLN Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Haleon 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 $8.27 and $8.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -3.40%. Further fall is indicated until a new bottom pivot has been found. 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 Haleon PLC stock
Haleon PLC finds support from accumulated volume at $8.19 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 $0.0723 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Haleon PLC to open at $8.25, and during the day (based on 14 day Average True Range), to move between $8.10 and $8.38, which gives a possible trading interval of +/-$0.137 (+/-1.66%) up or down from last closing price. If Haleon PLC takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.19 (0.61%) than the resistance at $8.33 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Haleon PLC stock A Buy?
Haleon PLC holds several negative signals and is within a 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: -2.431 Sell Candidate Unchanged
Predicted Opening Price for Haleon PLC of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $8.25 ( 0.0902%) | $8.24 |
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 | 8.32 | 0.97 % | |
| R2 | 8.29 | 0.632 % | ||
| R1 | 8.28 | 0.425 % | ||
| Current price: | 8.24 | |||
| Support | S1 | 8.22 | -0.245 % | |
| S2 | 8.20 | -0.452 % | ||
| S3 | 8.18 | -0.787 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.56 | 3.88 % | |
| R2 | 8.38 | 1.70 % | ||
| R1 | 8.33 | 1.09 % | ||
| Current price | 8.24 | |||
| Support | S1 | 8.19 | -0.607% | |
| S2 | 8.12 | -1.46% | ||
| S3 | 8.06 | -2.18% |
HLN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 14, 2024 | May 16, 2024 | $0.106 | 1.29% |
| 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
Click here for our free guide on how to buy Haleon PLC Stock.
