Hochschild Mining Plc Stock Forecast
Hochschild Mining Plc stock price up more than 5.94% on Wednesday
(Updated on Mar 27, 2024)
The Hochschild Mining Plc stock price gained 5.94% on the last trading day (Wednesday, 27th Mar 2024), rising from £119.50 to £126.60. During the last trading day the stock fluctuated 6.39% from a day low at £119.00 to a day high of £126.60. The price has risen in 6 of the last 10 days and is up by 15.09% 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, 233 thousand more shares were traded than the day before. In total, 757 thousand shares were bought and sold for approximately £95.83 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £119.75, a level that may pose a second chance to hit a runner. According to fan-theory £142.93 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HOC.L Signals & Forecast
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 £119.70 and £102.50. 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 43.62%. 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 Hochschild Mining Plc stock
Hochschild Mining Plc finds support from accumulated volume at £124.70 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 £7.60 between high and low, or 6.39%. For the last week, the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: £122.19 (-3.48%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (HOC.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Hochschild Mining Plc to open at £124.07, and during the day (based on 14 day Average True Range), to move between £121.70 and £131.50, which gives a possible trading interval of +/-£4.90 (+/-3.87%) up or down from last closing price. If Hochschild Mining Plc takes out the full calculated possible swing range there will be an estimated 7.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £124.70, some £1.90 (1.50%) from the current price of £126.60, our system finds the risk reward attractive.
Is Hochschild Mining Plc stock A Buy?
Hochschild Mining 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hochschild Mining Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£124.07 ( 2.00%) | £126.60 |
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 | 131.67 | 4.00 % | |
R2 | 128.76 | 1.71 % | ||
R1 | 126.97 | 0.292 % | ||
Current price: | 126.60 | |||
Support | S1 | 121.16 | -4.29 % | |
S2 | 119.37 | -5.71 % | ||
S3 | 116.47 | -8.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 126.60 | |||
Support | S1 | 124.70 | -1.50% | |
S2 | 109.60 | -13.43% | ||
S3 | 105.40 | -16.75% |
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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