Hornby plc Stock Forecast
Volatile ride for Hornby plc stock price on Monday moving between £20.00 and £23.00
(Updated on Jun 17, 2024)
No changes to the price of Hornby plc stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 15.00% from a day low at £20.00 to a day high of £23.00. The price has fallen in 5 of the last 10 days and is down by -12.97% for this period.
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. Given the current short-term trend, the stock is expected to fall -41.41% during the next 3 months and, with a 90% probability hold a price between £11.57 and £15.38 at the end of this 3-month period. 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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HRN.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 3.29%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hornby 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 £22.05 and £27.39. 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).
Support, Risk & Stop-loss for Hornby plc stock
Hornby plc finds support from accumulated volume at £21.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £3.00 between high and low, or 15.00%. For the last week, the stock has had daily average volatility of 10.19%.
Hornby plc is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HRN.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Hornby plc to open at £21.67, and during the day (based on 14 day Average True Range), to move between £19.91 and £24.09, which gives a possible trading interval of +/-£2.09 (+/-9.50%) up or down from last closing price. If Hornby plc takes out the full calculated possible swing range there will be an estimated 19.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £22.50 (2.27%) than the support at £21.30 (3.18%), 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 Hornby plc stock A Buy?
Hornby plc holds several negative signals and is within a very wide and 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: -3.672 Sell Candidate Unchanged
Predicted Opening Price for Hornby plc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £21.67 ( 1.52%) | £22.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.67 | 12.12% |
| R2 | 23.52 | 6.91% |
| R1 | 22.81 | 3.69% |
| Price | 22.00 | |
| S1 | 20.52 | -6.72% |
| S2 | 19.81 | -9.94% |
| S3 | 18.67 | -15.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.50 | 20.45% |
| R2 | 22.65 | 2.95% |
| R1 | 22.50 | 2.27% |
| Price | 22.00 | |
| S1 | 21.30 | -3.18% |
| S2 | 0 | - |
| S3 | 0 | - |
HRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 08, 2012 | Nov 21, 2012 | Dec 21, 2012 | £1.97 | 2.93% |
| 2 | Nov 11, 2011 | Dec 14, 2011 | Jan 27, 2012 | £1.67 | 1.68% |
| 3 | Jun 03, 2011 | Jul 13, 2011 | Aug 19, 2011 | £3.25 | 2.39% |
| 4 | Nov 12, 2010 | Dec 15, 2010 | Jan 28, 2011 | £1.67 | 1.40% |
| 5 | Jun 04, 2010 | Jul 14, 2010 | Aug 20, 2010 | £4.92 | 3.40% |
FAQ
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