Hilton Food Group Plc Stock Forecast
Hilton Food Group Plc stock downgraded from Strong Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Hilton Food Group Plc stock price gained 1.56% on the last trading day (Thursday, 18th Apr 2024), rising from £896.00 to £910.00. 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 4.20% from a day low at £880.00 to a day high of £917.00. The price has risen in 6 of the last 10 days and is up by 5.32% over the past 2 weeks. Volume fell on the last day by -30 thousand shares and in total, 62 thousand shares were bought and sold for approximately £56.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a strong rising 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 £916.25 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.36% during the next 3 months and, with a 90% probability hold a price between £953.17 and £1,038.64 at the end of this 3-month period.
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HFG.L Signals & Forecast
The Hilton Food Group 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 £888.71 and £849.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 11.93%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Hilton Food Group Plc stock
Hilton Food Group Plc finds support from accumulated volume at £878.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £37.00 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: £873.19 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (HFG.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hilton Food Group Plc to open at £902.33, and during the day (based on 14 day Average True Range), to move between £881.28 and £938.72, which gives a possible trading interval of +/-£28.72 (+/-3.16%) up or down from last closing price. If Hilton Food Group Plc takes out the full calculated possible swing range there will be an estimated 6.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £878.00, some £32.00 (3.52%) from the current price of £910.00, our system finds the risk reward attractive.
Is Hilton Food Group Plc stock A Buy?
Hilton Food Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong 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 Hilton Food Group Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £902.33 ( 0.84%) | £910.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HFG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 939.33 | 3.22 % | |
| R2 | 925.20 | 1.67 % | ||
| R1 | 916.47 | 0.711 % | ||
| Current price: | 910.00 | |||
| Support | S1 | 888.20 | -2.40 % | |
| S2 | 879.47 | -3.36 % | ||
| S3 | 865.33 | -4.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 910.00 | |||
| Support | S1 | 878.00 | -3.52% | |
| S2 | 868.00 | -4.62% | ||
| S3 | 864.00 | -5.05% |
HFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 28, 2024 | £23.00 | 2.53% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £22.60 | 3.30% |
| 3 | Sep 15, 2022 | Nov 03, 2022 | Dec 02, 2022 | £7.10 | 1.32% |
| 4 | Apr 06, 2022 | Jun 01, 2022 | Jul 01, 2022 | £21.50 | 2.11% |
| 5 | Apr 06, 2022 | May 31, 2022 | Jul 01, 2022 | £21.50 | 2.11% |
FAQ
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