Halma plc Stock Forecast
Stronger technical forecast for Halma plc stock price after Friday trading.
(Updated on Apr 26, 2024)
The Halma plc stock price gained 1.88% on the last trading day (Friday, 26th Apr 2024), rising from £2,178.00 to £2,219.00. During the last trading day the stock fluctuated 1.88% from a day low at £2,182.00 to a day high of £2,223.00. The price has been going up and down for this period, and there has been a -0.36% loss for the last 2 weeks. Volume fell on the last day by -524 thousand shares and in total, 606 thousand shares were bought and sold for approximately £1.35 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £2,178.64 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Halma plc stock with a 90% probability to be traded between £2,215.17 and £2,434.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HLMA.L Signals & Forecast
There are mixed signals in the stock today. The Halma 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 £2,266.34. On a fall, the stock will find some support from the short-term average at £2,205.29. 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). A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.88%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched 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 -2.90% to £2,154.67 within 24 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Halma plc stock
Halma plc finds support from accumulated volume at £2,214.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £41.00 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: £2,111.05 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (HLMA.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Halma plc to open at £2,208.00, and during the day (based on 14 day Average True Range), to move between £2,173.55 and £2,264.45, which gives a possible trading interval of +/-£45.45 (+/-2.05%) up or down from last closing price. If Halma plc takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,214.00 (0.23%) than the resistance at £2,293.00 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Halma plc will release earnings BMO on Wednesday, May 01, 2024. We will update the financials statements for Halma plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.15% in the first trading day after earnings release.
Is Halma plc stock A Buy?
Halma 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.377 Hold/Accumulate Upgraded
Predicted Opening Price for Halma plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £2,208.00 ( 0.496%) | £2,219.00 |
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 | 2,249.00 | 1.35 % | |
| R2 | 2,233.34 | 0.646 % | ||
| R1 | 2,223.66 | 0.210 % | ||
| Current price: | 2,219.00 | |||
| Support | S1 | 2,192.34 | -1.20 % | |
| S2 | 2,182.66 | -1.64 % | ||
| S3 | 2,167.00 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,362.00 | 6.44 % | |
| R2 | 2,302.00 | 3.74 % | ||
| R1 | 2,293.00 | 3.33 % | ||
| Current price | 2,219.00 | |||
| Support | S1 | 2,214.00 | -0.225% | |
| S2 | 2,178.00 | -1.85% | ||
| S3 | 2,174.00 | -2.03% |
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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