Henderson Smaller Companies Investment Stock Forecast
Henderson Smaller Companies Investment stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Henderson Smaller Companies Investment stock price gained 1.24% on the last trading day (Friday, 3rd May 2024), rising from £804.00 to £814.00. 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 1.88% from a day low at £800.00 to a day high of £815.00. The price has risen in 7 of the last 10 days and is up by 7.11% 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, 14 thousand more shares were traded than the day before. In total, 96 thousand shares were bought and sold for approximately £77.95 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £798.96 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £839.38 sometime during the next 3 months.
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HSL.L Signals & Forecast
The Henderson Smaller Companies Investment 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 £796.00 and £774.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.39%. 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. The stock had a Golden Star Signal on Monday, April 08, 2024 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, April 08, 2024 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.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 with a target of £769.80. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Henderson Smaller Companies Investment stock
Henderson Smaller Companies Investment finds support from accumulated volume at £782.00 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 £15.00 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: £777.22 (-4.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (HSL.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Henderson Smaller Companies Investment Trust to open at £809.67, and during the day (based on 14 day Average True Range), to move between £801.10 and £826.90, which gives a possible trading interval of +/-£12.90 (+/-1.58%) up or down from last closing price. If Henderson Smaller Companies Investment Trust takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £782.00, some £32.00 (3.93%) from the current price of £814.00, our system finds the risk reward attractive.
Is Henderson Smaller Companies Investment Trust stock A Buy?
Henderson Smaller Companies Investment 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Smaller Companies Investment Trust of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £809.67 ( 0.532%) | £814.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 824.67 | 1.31 % | |
| R2 | 818.94 | 0.606 % | ||
| R1 | 815.40 | 0.172 % | ||
| Current price: | 814.00 | |||
| Support | S1 | 803.94 | -1.24 % | |
| S2 | 800.40 | -1.67 % | ||
| S3 | 794.67 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 814.00 | |||
| Support | S1 | 782.00 | -3.93% | |
| S2 | 778.00 | -4.42% | ||
| S3 | 763.00 | -6.27% |
HSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 05, 2024 | £7.50 | 0.97% |
| 2 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | £0.190 | 0.0271% |
| 3 | Jan 26, 2023 | Feb 09, 2023 | Mar 06, 2023 | £7.00 | 0.798% |
| 4 | Aug 04, 2022 | Aug 25, 2022 | Oct 10, 2022 | £17.00 | 2.36% |
| 5 | Jan 26, 2022 | Feb 10, 2022 | Mar 07, 2022 | £7.00 | 0.788% |
FAQ
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