Henderson Opportunities Trust 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
Green day on Friday for Henderson Opportunities Trust PLC
(Updated on May 10, 2024)
The Henderson Opportunities Trust PLC stock price gained 2.52% on the last trading day (Friday, 10th May 2024), rising from £218.00 to £223.50. During the last trading day the stock fluctuated 4.13% from a day low at £218.00 to a day high of £227.00. The price has risen in 6 of the last 10 days and is up by 6.68% 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, 70 thousand more shares were traded than the day before. In total, 70 thousand shares were bought and sold for approximately £15.62 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £329.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. 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
The Henderson Opportunities Trust 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 £217.50 and £209.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 13.45%. 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.
Support, Risk & Stop-loss for Henderson Opportunities Trust PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at £208.00 and £206.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Henderson Opportunities Trust PLC finds support just below today's level at £208.00. If this is broken, then the next support from accumulated volume will be at £206.00 and £204.10.
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 £9.00 (4.13%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.
The Henderson Opportunities Trust PLC stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: £215.90 (-3.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (HOT.L) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Henderson Opportunities Trust PLC to open at £222.83, and during the day (based on 14 day Average True Range), to move between £213.62 and £233.38, which gives a possible trading interval of +/-£9.88 (+/-4.42%) 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 8.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £208.00, some £15.50 (6.94%) from the current price of £223.50, 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Henderson Opportunities Trust PLC of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| £222.83 ( 0.298%) | £223.50 |
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 | 231.83 | 3.73 % | |
| R2 | 228.40 | 2.19 % | ||
| R1 | 226.27 | 1.24 % | ||
| Current price: | 223.50 | |||
| Support | S1 | 219.40 | -1.84 % | |
| S2 | 217.27 | -2.79 % | ||
| S3 | 213.83 | -4.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 223.50 | |||
| Support | S1 | 208.00 | -6.94% | |
| S2 | 206.00 | -7.83% | ||
| S3 | 204.10 | -8.68% |
HOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 20, 2024 | £7.50 | 3.36% |
| 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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