Helical Plc Forecast and Stock Analysis
Technical HLCL.L stock analysis for Wednesday May 22, 2019.
Helical Plc fell by -2.40% in the last day ( Wednesday, 22nd May 2019 ) from £354.00 to £345.50 During day the stock fluctuated 4.20% from a day low at £345.50 to a day high of £360.00. The price has been going up and down for this period, and there has been a -0.72% loss for the last 2 weeks. Volume has increased in the last day by 94 580 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 148 474 shares bought and sold for approximately £51.30 million.
- 30 day high of the HLCL.L stock price was £360.00 and low was £334.50.
- 90 day high was £368.50 and low was £320.00.
- 52 week high for the Helical Plc - £396.50 and low - £295.00.
Helical Plc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.88% during the next 3 months and, with 90% probability hold a price between £346.41 and £385.28 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday May 09, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Helical Plc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £350.86. On a fall, the stock will find some support from the long-term average at approximately £345.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Helical Plc finds support from accumulated volume at £343.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £14.50 (4.20%) between high and low. For the last week, the stock has had a daily average volatility of 3.17%.
Our recommended stoploss: £333.00 (-3.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 9 days ago.)
3.17 %Average volatility
Very Low Low Medium High Very High
Helical Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us