HICL Infrastructure Company Limited Stock Forecast
HICL Infrastructure Company Limited stock price down 0% on Wednesday
(Updated on Apr 17, 2024)
No changes to the price of HICL Infrastructure Company Limited stock on the last trading day (Wednesday, 17th Apr 2024). During the last trading day the stock fluctuated 1.44% from a day low at £122.60 to a day high of £124.37. The price has fallen in 5 of the last 10 days and is down by -2.54% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HICL Infrastructure Company Limited stock with a 90% probability to be traded between £117.27 and £125.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HICL.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 0.327%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HICL Infrastructure Company Limited 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 £124.54 and £125.06. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for HICL Infrastructure Company Limited stock
HICL Infrastructure Company Limited finds support from accumulated volume at £122.40 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 £1.77 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HICL.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect HICL Infrastructure Company Limited to open at £123.26, and during the day (based on 14 day Average True Range), to move between £120.81 and £124.79, which gives a possible trading interval of +/-£1.99 (+/-1.62%) up or down from last closing price. If HICL Infrastructure Company Limited takes out the full calculated possible swing range there will be an estimated 3.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £122.40 (0.33%) than the resistance at £124.60 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HICL Infrastructure Company Limited stock A Buy?
HICL Infrastructure Company Limited holds several negative signals and is within a 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: -3.100 Sell Candidate Unchanged
Predicted Opening Price for HICL Infrastructure Company Limited of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
£123.26 ( 0.372%) | £122.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HICL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 125.03 | 1.81 % | |
R2 | 124.35 | 1.26 % | ||
R1 | 123.93 | 0.92 % | ||
Current price: | 122.80 | |||
Support | S1 | 122.58 | -0.179 % | |
S2 | 122.16 | -0.519 % | ||
S3 | 121.49 | -1.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 128.20 | 4.40 % | |
R2 | 125.40 | 2.12 % | ||
R1 | 124.60 | 1.47 % | ||
Current price | 122.80 | |||
Support | S1 | 122.40 | -0.326% | |
S2 | 121.60 | -0.98% | ||
S3 | 121.40 | -1.14% |
HICL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 28, 2024 | £2.06 | 1.63% |
2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0.0206 | 0.0155% |
3 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | £0.0206 | 0.0167% |
4 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £2.07 | 1.45% |
5 | Feb 22, 2023 | Mar 02, 2023 | Mar 31, 2023 | £2.06 | 1.33% |
FAQ
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