Wednesday May 22, 2019 Change -2.40% Price £345.50
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will HLCL.L stock price go up or down on Thu, 23 May 2019?

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Helical Plc Forecast and Stock Analysis

Technical HLCL.L stock analysis for Wednesday May 22, 2019.

Hold candidate since 2019-05-22


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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Helical Plc finds support from accumulated volume at £343.00.

Support: £343.00 Price: £345.50 Resistance: £349.50

Risk

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

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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.

Hold/Accumulate Downgraded
Previous Hold Today HLCL.L ranks #1729 as HOLD CANDIDATE #1729 Next Hold

Will HLCL.L stock price go up or down
on Thu, 23 May 2019?

Predict

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