Henderson Opportunities Trust PLC Stock Forecast
Henderson Opportunities Trust PLC stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Henderson Opportunities Trust PLC stock price gained 0.716% on the last trading day (Friday, 26th Apr 2024), rising from £209.50 to £211.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.84% from a day low at £208.10 to a day high of £214.00. The price has risen in 7 of the last 10 days and is up by 1.93% 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, 13 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately £9.22 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HOT.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.11%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Henderson Opportunities Trust PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £251.41. On a fall, the stock will find some support from the short-term average at £208.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Henderson Opportunities Trust PLC stock
Henderson Opportunities Trust PLC finds support from accumulated volume at £208.00 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 £5.90 between high and low, or 2.84%. For the last week the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: £200.65 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (HOT.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Henderson Opportunities Trust PLC to open at £211.03, and during the day (based on 14 day Average True Range), to move between £197.37 and £224.63, which gives a possible trading interval of +/-£13.63 (+/-6.46%) up or down from last closing price. If Henderson Opportunities Trust PLC takes out the full calculated possible swing range there will be an estimated 12.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £208.00, some £3.00 (1.42%) from the current price of £211.00, our system finds the risk reward attractive.
Is Henderson Opportunities Trust PLC stock A Buy?
Henderson Opportunities Trust 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: 0.618 Hold/Accumulate Upgraded
Predicted Opening Price for Henderson Opportunities Trust PLC of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £211.03 ( 0.0158%) | £211.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 216.93 | 2.81 % | |
| R2 | 214.68 | 1.74 % | ||
| R1 | 213.29 | 1.08 % | ||
| Current price: | 211.00 | |||
| Support | S1 | 208.78 | -1.05 % | |
| S2 | 207.39 | -1.71 % | ||
| S3 | 205.13 | -2.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 211.00 | |||
| Support | S1 | 208.00 | -1.42% | |
| S2 | 206.00 | -2.37% | ||
| S3 | 204.10 | -3.27% |
HOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 20, 2024 | £7.50 | 3.55% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 22, 2024 | £13.00 | 6.22% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0750 | 0.0408% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | £0.0750 | 0.0396% |
| 5 | Mar 08, 2023 | May 18, 2023 | Jun 23, 2023 | £7.50 | 4.13% |
FAQ
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