Halma plc Stock Forecast
Red day on Wednesday for Halma plc
(Updated on Apr 17, 2024)
The Halma plc stock price fell by -0.635% on the last day (Wednesday, 17th Apr 2024) from £2,204.00 to £2,190.00. During the last trading day the stock fluctuated 0.92% from a day low at £2,183.00 to a day high of £2,203.00. The price has fallen in 8 of the last 10 days and is down by -6.25% for this period. Volume has increased on the last day by 94 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 515 thousand shares were bought and sold for approximately £1.13 billion.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £2,247.99. A reaction back to this level may hold a second chance to get out before further falls.
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HLMA.L Signals & Forecast
There are few to no technical positive signals at the moment. The Halma plc 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 £2,241.43 and £2,286.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -7.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should fall by -1.61% to £2,154.67 within 24 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for Halma plc stock
Halma plc finds support from accumulated volume at £2,174.00 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 £20.00 (0.92%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLMA.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Halma plc to open at £2,192.00, and during the day (based on 14 day Average True Range), to move between £2,145.56 and £2,234.44, which gives a possible trading interval of +/-£44.44 (+/-2.03%) up or down from last closing price. If Halma plc takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,174.00 (0.73%) than the resistance at £2,214.00 (1.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Halma plc stock A Buy?
The Halma plc stock holds several negative signals and despite the positive trend, we believe Halma plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.309 Sell Candidate Unchanged
Predicted Opening Price for Halma plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £2,192.00 ( 0.0913%) | £2,190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLMA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,212.00 | 1.00 % | |
| R2 | 2,204.36 | 0.656 % | ||
| R1 | 2,199.64 | 0.440 % | ||
| Current price: | 2,190.00 | |||
| Support | S1 | 2,184.36 | -0.258 % | |
| S2 | 2,179.64 | -0.473 % | ||
| S3 | 2,172.00 | -0.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,362.00 | 7.85 % | |
| R2 | 2,293.00 | 4.70 % | ||
| R1 | 2,214.00 | 1.10 % | ||
| Current price | 2,190.00 | |||
| Support | S1 | 2,174.00 | -0.731% | |
| S2 | 2,167.00 | -1.05% | ||
| S3 | 2,158.00 | -1.46% |
HLMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0 | 0% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £12.34 | 0.560% |
| 3 | Nov 17, 2022 | Dec 22, 2022 | Feb 03, 2023 | £7.86 | 0.340% |
| 4 | Jun 16, 2022 | Jul 14, 2022 | Aug 18, 2022 | £11.53 | 0.499% |
| 5 | Nov 18, 2021 | Dec 23, 2021 | Feb 04, 2022 | £7.35 | 0.302% |
FAQ
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