VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

HLMA.L Forecast and Technical Stock Analysis

Buy candidate since 2019-07-02 Loss -0.54%

Halma plc gained 0.25% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from £20.14 to £20.19 , and has now gained 5 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 day the stock fluctuated 1.55% from a day low at £19.95 to a day high of £20.26. The price has risen in 7 of the last 10 days , but is still down by -3.58% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.92 million more shares were traded than the day before. In total, 2.01 million shares bought and sold for approximately £40.65 million.

Quick summary:

  • 30 day high of the HLMA.L stock price was £20.99 and low was £19.79.
  • 90 day high was £20.99 and low was £17.19.
  • 52 week high for the Halma plc - £1 512.00 and low - £12.15.
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Trend

Halma plc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £19.83 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.44% during the next 3 months and, with 90% probability hold a price between £23.69 and £25.89 at the end of this period.

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Signals

Only positive signals in the chart today. Halma plc holds buy signals from both short- and long-term moving averages. In addition, 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 £20.04 and £19.80. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

RSImin/max Values: [ 15 - 80 ]

RSI14 is 48 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Halma plc finds support from accumulated volume at £20.08.

Support: £20.08 Price: £20.19 Resistance: £20.20

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 £0.31 (1.55%) between high and low. For the last week, the stock has had a daily average volatility of 1.48%.

Our recommended stoploss: £19.06 (-5.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

1.48 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Weaker Buy Today HLMA.L ranks #301 as BUY CANDIDATE #301 Stronger Buy

Will HLMA.L stock price go up or down on Fri, 19 Jul 2019?

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