Henderson Eurotrust Plc Stock Forecast

Green day on Wednesday for Henderson Eurotrust Plc stock after gaining 0.479%
(Updated on Jun 26, 2024)

HNE.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.80%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Henderson Eurotrust 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 £157.96 and £159.31. 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). The stock had a Golden Star Signal on Monday, September 11, 2023 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.

Support, Risk & Stop-loss for Henderson Eurotrust Plc stock

Henderson Eurotrust Plc finds support from accumulated volume at £156.50 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 £1.21 between high and low, or 0.774%. For the last week the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HNE.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Henderson Eurotrust Plc to open at £157.15, and during the day (based on 14 day Average True Range), to move between £154.78 and £159.72, which gives a possible trading interval of +/-£2.47 (+/-1.57%) up or down from last closing price. If Henderson Eurotrust Plc takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £158.00 (0.48%) than the support at £156.50 (0.48%), 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.

Is Henderson Eurotrust Plc stock A Buy?

The Henderson Eurotrust Plc stock holds several negative signals and despite the positive trend, we believe Henderson Eurotrust Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.012 Sell Candidate Unchanged

Predicted Opening Price for Henderson Eurotrust Plc of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.