Halfords Stock Forecast
Halfords stock price ended at £151.20 on Monday, after losing 2.20%.
(Updated on Apr 15, 2024)
The Halfords stock price fell by -2.20% on the last day (Monday, 15th Apr 2024) from £154.60 to £151.20. During the last trading day the stock fluctuated 3.58% from a day low at £151.00 to a day high of £156.40. The price has fallen in 6 of the last 10 days and is down by -5.79% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 339 thousand shares were bought and sold for approximately £51.24 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. Given the current short-term trend, the stock is expected to fall -14.61% during the next 3 months and, with a 90% probability hold a price between £112.14 and £157.46 at the end of this 3-month period.
HFD.L Signals & Forecast
There are few to no technical positive signals at the moment. The Halfords 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 £154.63 and £160.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -8.70%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Halfords stock
Halfords finds support from accumulated volume at £151.10 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 £5.40 between high and low, or 3.58%. For the last week the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HFD.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Halfords to open at £152.87, and during the day (based on 14 day Average True Range), to move between £146.28 and £156.12, which gives a possible trading interval of +/-£4.92 (+/-3.25%) up or down from last closing price. If Halfords takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £151.10 (0.07%) than the resistance at £152.00 (0.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Halfords stock A Buy?
Halfords 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: -1.550 Sell Candidate Unchanged
Predicted Opening Price for Halfords of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £152.87 ( 1.10%) | £151.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HFD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 158.27 | 4.67 % | |
| R2 | 156.20 | 3.31 % | ||
| R1 | 154.93 | 2.47 % | ||
| Current price: | 151.20 | |||
| Support | S1 | 150.80 | -0.262 % | |
| S2 | 149.53 | -1.10 % | ||
| S3 | 147.47 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 175.50 | 16.07 % | |
| R2 | 160.00 | 5.82 % | ||
| R1 | 152.00 | 0.529 % | ||
| Current price | 151.20 | |||
| Support | S1 | 151.10 | -0.0661% | |
| S2 | 151.00 | -0.132% | ||
| S3 | 147.10 | -2.71% |
HFD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £0 | 0% |
| 2 | Nov 23, 2022 | Dec 15, 2022 | Jan 20, 2023 | £3.00 | 1.65% |
| 3 | Jun 16, 2022 | Aug 11, 2022 | Sep 16, 2022 | £6.00 | 3.82% |
| 4 | Nov 10, 2021 | Dec 09, 2021 | Jan 21, 2022 | £3.00 | 0.88% |
| 5 | Jun 23, 2021 | Aug 12, 2021 | Sep 17, 2021 | £5.00 | 1.62% |
FAQ
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