Hammerson plc Stock Forecast
Green day on Tuesday for Hammerson plc stock after gaining 2.13%
(Updated on Apr 23, 2024)
The Hammerson plc stock price gained 2.13% on the last trading day (Tuesday, 23rd Apr 2024), rising from £27.24 to £27.82. During the last trading day the stock fluctuated 2.88% from a day low at £27.04 to a day high of £27.82. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately £176.75 million.
The stock 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 4.68% during the next 3 months and, with a 90% probability hold a price between £27.29 and £31.51 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HMSO.L Signals & Forecast
The Hammerson plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £26.71 and £26.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 7.33%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hammerson plc stock
Hammerson plc finds support from accumulated volume at £27.44 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 £0.780 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: £26.65 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HMSO.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Hammerson plc to open at £27.56, and during the day (based on 14 day Average True Range), to move between £27.07 and £28.57, which gives a possible trading interval of +/-£0.750 (+/-2.70%) up or down from last closing price. If Hammerson plc takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £27.44 (1.37%) than the resistance at £28.52 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hammerson plc stock A Buy?
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 Hammerson plc stock to perform well in the short-term.
Current score: 1.342 Buy Candidate Unchanged
Predicted Opening Price for Hammerson plc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £27.56 ( 0.93%) | £27.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMSO.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.34 | 1.87 % | |
| R2 | 28.04 | 0.798 % | ||
| R1 | 27.86 | 0.136 % | ||
| Current price: | 27.82 | |||
| Support | S1 | 27.26 | -2.01 % | |
| S2 | 27.08 | -2.67 % | ||
| S3 | 26.78 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.78 | 7.05 % | |
| R2 | 28.54 | 2.59 % | ||
| R1 | 28.52 | 2.52 % | ||
| Current price | 27.82 | |||
| Support | S1 | 27.44 | -1.37% | |
| S2 | 25.46 | -8.48% | ||
| S3 | 25.40 | -8.70% |
HMSO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | May 10, 2024 | £0.780 | 2.80% |
| 2 | Jul 28, 2022 | Oct 06, 2022 | Nov 03, 2022 | £0.200 | 1.03% |
| 3 | Mar 04, 2022 | Mar 31, 2022 | May 10, 2022 | £0.200 | 0.757% |
| 4 | Aug 05, 2021 | Oct 28, 2021 | Dec 07, 2021 | £0.200 | 0.602% |
| 5 | Mar 12, 2021 | Apr 01, 2021 | May 13, 2021 | £0.200 | 0.574% |
FAQ
Click here for our free guide on how to buy Hammerson plc Stock.
