HSBC Holdings plc Stock Forecast
HSBC Holdings plc stock price up 3.14% on Monday
(Updated on Apr 22, 2024)
The HSBC Holdings plc stock price gained 3.14% on the last trading day (Monday, 22nd Apr 2024), rising from £646.20 to £666.50. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.53% from a day low at £653.30 to a day high of £669.80. The price has risen in 7 of the last 10 days and is up by 3.41% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 23 million shares were bought and sold for approximately £15.17 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 lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £667.25 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.93% during the next 3 months and, with a 90% probability hold a price between £619.06 and £700.16 at the end of this 3-month period.
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HSBA.L Signals & Forecast
The HSBC Holdings 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 £647.09 and £622.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.51%. 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. 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). The stock had a Golden Star Signal on Friday, January 26, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, January 26, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for HSBC Holdings plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £598.80 and £598.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, HSBC Holdings plc finds support just below today's level at £598.80. If this is broken, then the next support from accumulated volume will be at £598.00 and £590.50.
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 £16.50 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: £644.12 (-3.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HSBA.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect HSBC Holdings plc to open at £663.20, and during the day (based on 14 day Average True Range), to move between £653.72 and £679.28, which gives a possible trading interval of +/-£12.78 (+/-1.92%) up or down from last closing price. If HSBC Holdings plc takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £598.80, some £67.70 (10.16%) from the current price of £666.50, our system finds the risk reward attractive.
Earnings coming up
HSBC Holdings plc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.213. We will update the financials statements for HSBC Holdings plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.79% in the first trading day after earnings release.
Is HSBC Holdings 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 HSBC Holdings plc stock to perform well in the short-term.
Current score: 4.574 Buy Candidate Unchanged
Predicted Opening Price for HSBC Holdings plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £663.20 ( 0.495%) | £666.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSBA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 679.70 | 1.98 % | |
| R2 | 673.40 | 1.03 % | ||
| R1 | 669.50 | 0.451 % | ||
| Current price: | 666.50 | |||
| Support | S1 | 656.90 | -1.44 % | |
| S2 | 653.00 | -2.03 % | ||
| S3 | 646.70 | -2.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 666.50 | |||
| Support | S1 | 598.80 | -10.16% | |
| S2 | 598.00 | -10.28% | ||
| S3 | 590.50 | -11.40% |
HSBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Apr 25, 2024 | £24.45 | 3.67% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | £0 | 0% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £10.00 | 1.68% |
| 4 | Feb 21, 2023 | Mar 02, 2023 | Apr 27, 2023 | £18.54 | 3.22% |
| 5 | Aug 01, 2022 | Aug 18, 2022 | Sep 29, 2022 | £7.88 | 1.69% |
FAQ
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