Hammerson plc Stock Forecast
Hammerson plc stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Hammerson plc stock price fell by -2.86% on the last day (Friday, 3rd May 2024) from £28.68 to £27.86. During the last trading day the stock fluctuated 3.45% from a day low at £27.86 to a day high of £28.82. The price has risen in 6 of the last 10 days and is up by 4.42% over the past 2 weeks. 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 -2 million shares and in total, 4 million shares were bought and sold for approximately £105.48 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.42% during the next 3 months and, with a 90% probability hold a price between £28.39 and £32.83 at the end of this 3-month period.
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HMSO.L Signals & Forecast
The Hammerson 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 £27.55 and £27.24. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -2.86%. 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. The stock had a Golden Star Signal on Friday, April 26, 2024 in the short-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
The stock had a Golden Star Signal on Friday, April 26, 2024 in the short-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.
Support, Risk & Stop-loss for Hammerson plc stock
Hammerson plc finds support from accumulated volume at £27.44 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 £0.96 (3.45%) between high and low. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: £26.50 (-4.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HMSO.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hammerson plc to open at £28.18, and during the day (based on 14 day Average True Range), to move between £27.07 and £28.65, which gives a possible trading interval of +/-£0.791 (+/-2.84%) up or down from last closing price. If Hammerson plc takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £27.44 (1.51%) than the resistance at £28.52 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hammerson plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hammerson plc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.452 Buy Candidate Downgraded
Predicted Opening Price for Hammerson plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £28.18 ( 1.15%) | £27.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMSO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.14 | 4.59 % | |
| R2 | 28.77 | 3.28 % | ||
| R1 | 28.55 | 2.46 % | ||
| Current price: | 27.86 | |||
| Support | S1 | 27.81 | -0.168 % | |
| S2 | 27.59 | -0.98 % | ||
| S3 | 27.22 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.78 | 6.89 % | |
| R2 | 28.54 | 2.44 % | ||
| R1 | 28.52 | 2.37 % | ||
| Current price | 27.86 | |||
| Support | S1 | 27.44 | -1.51% | |
| S2 | 25.46 | -8.61% | ||
| S3 | 25.40 | -8.83% |
HMSO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 10, 2024 | £0.780 | 2.80% |
| 2 | Jul 28, 2022 | Oct 06, 2022 | Nov 03, 2022 | £0.200 | 1.03% |
| 3 | Mar 04, 2022 | Mar 31, 2022 | May 10, 2022 | £0.200 | 0.757% |
| 4 | Aug 05, 2021 | Oct 28, 2021 | Dec 07, 2021 | £0.200 | 0.602% |
| 5 | Mar 12, 2021 | Apr 01, 2021 | May 13, 2021 | £0.200 | 0.574% |
FAQ
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