Hochschild Mining Plc Stock Forecast
Stronger technical forecast for Hochschild Mining Plc stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Hochschild Mining Plc stock price gained 3.57% on the last trading day (Thursday, 18th Apr 2024), rising from £145.80 to £151.00. During the last trading day the stock fluctuated 5.55% from a day low at £144.01 to a day high of £152.00. The price has risen in 7 of the last 10 days and is up by 11.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 807 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately £407.52 million.
The stock lies in the middle of a very wide and strong 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 57.84% during the next 3 months and, with a 90% probability hold a price between £196.57 and £249.15 at the end of this 3-month period.
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HOC.L Signals & Forecast
Mostly positive signals in the chart today. The Hochschild Mining Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £146.20 and £122.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 71.30%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hochschild Mining Plc stock
Hochschild Mining Plc finds support from accumulated volume at £145.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £7.99 between high and low, or 5.55%. For the last week, the stock has had daily average volatility of 4.79%.
Our recommended stop-loss: £145.90 (-3.38%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (HOC.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hochschild Mining Plc to open at £149.00, and during the day (based on 14 day Average True Range), to move between £145.00 and £157.00, which gives a possible trading interval of +/-£6.00 (+/-3.97%) up or down from last closing price. If Hochschild Mining Plc takes out the full calculated possible swing range there will be an estimated 7.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £145.60, some £5.40 (3.58%) from the current price of £151.00, our system finds the risk reward attractive.
Is Hochschild Mining Plc stock A Buy?
Hochschild Mining Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.610 Strong Buy Candidate Upgraded
Predicted Opening Price for Hochschild Mining Plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £149.00 ( 1.32%) | £151.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HOC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 156.99 | 3.97 % | |
| R2 | 153.94 | 1.95 % | ||
| R1 | 152.06 | 0.699 % | ||
| Current price: | 151.00 | |||
| Support | S1 | 145.95 | -3.34 % | |
| S2 | 144.07 | -4.59 % | ||
| S3 | 141.02 | -6.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 151.00 | |||
| Support | S1 | 145.60 | -3.58% | |
| S2 | 145.40 | -3.71% | ||
| S3 | 124.70 | -17.42% |
HOC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2022 | Sep 01, 2022 | Sep 23, 2022 | £1.68 | 3.06% |
| 2 | Feb 23, 2022 | May 05, 2022 | Jun 07, 2022 | £1.88 | 1.67% |
| 3 | Aug 31, 2021 | Sep 09, 2021 | Sep 28, 2021 | £1.41 | 1.19% |
| 4 | Feb 18, 2021 | May 06, 2021 | Jun 02, 2021 | £1.68 | 0.94% |
| 5 | Nov 20, 2020 | Dec 03, 2020 | Dec 31, 2020 | £2.98 | 1.61% |
FAQ
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