Hornby plc Stock Forecast
Hornby plc stock price ended at £31.50 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of Hornby plc stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 3.23% from a day low at £31.00 to a day high of £32.00. The price has fallen in 5 of the last 10 days and is down by -17.11% for this period.
Given the current short-term trend, the stock is expected to rise 60.48% during the next 3 months and, with a 90% probability hold a price between £50.55 and £71.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HRN.L Signals & Forecast
There are few to no technical positive signals at the moment. 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 £32.51 and £36.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -21.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Hornby plc stock
Hornby plc finds support from accumulated volume at £30.60 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £1.00 between high and low, or 3.23%. For the last week the stock has had daily average volatility of 6.33%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hornby plc to open at £31.50, and during the day (based on 14 day Average True Range), to move between £28.62 and £34.38, which gives a possible trading interval of +/-£2.88 (+/-9.14%) up or down from last closing price. If Hornby plc takes out the full calculated possible swing range there will be an estimated 18.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £30.60 (2.86%) than the resistance at £34.00 (7.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hornby plc stock A Buy?
The Hornby plc stock holds several negative signals and despite the positive trend, we believe Hornby plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.263 Sell Candidate Unchanged
Predicted Opening Price for Hornby plc of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
£31.50 ( 0%) | £31.50 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 32.50 | 3.17 % | |
R2 | 32.12 | 1.96 % | ||
R1 | 31.88 | 1.21 % | ||
Current price: | 31.50 | |||
Support | S1 | 31.12 | -1.21 % | |
S2 | 30.88 | -1.96 % | ||
S3 | 30.50 | -3.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.00 | 14.29 % | |
R2 | 35.00 | 11.11 % | ||
R1 | 34.00 | 7.94 % | ||
Current price | 31.50 | |||
Support | S1 | 30.60 | -2.86% | |
S2 | 27.50 | -12.70% | ||
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
Click here for our free guide on how to buy Hornby plc Stock.