Helical Plc Stock Forecast

Green day on Monday for Helical Plc stock after gaining 2.46%
(Updated on Apr 22, 2024)

HLCL.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.41%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Helical Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £204.05. On a fall, the stock will find some support from the short-term average at £198.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Helical Plc stock

Helical Plc finds support from accumulated volume at £198.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £5.45 (2.79%) between high and low. For the last week, the stock has had daily average volatility of 5.05%.

Our recommended stop-loss: £189.74 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (HLCL.L) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Helical Plc to open at £198.88, and during the day (based on 14 day Average True Range), to move between £192.48 and £207.52, which gives a possible trading interval of +/-£7.52 (+/-3.76%) up or down from last closing price. If Helical Plc takes out the full calculated possible swing range there will be an estimated 7.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £198.40 (0.80%) than the resistance at £203.00 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Helical Plc stock A Buy?

Helical 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.

Current score: 0.479 Hold/Accumulate Unchanged

Predicted Opening Price for Helical Plc of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.