Hostelworld Group plc Forecast and Stock Analysis
Technical HSW.L stock analysis for February 15, 2019.
Hostelworld Group plc fell by -1.12% in the last day from £197.00 to £194.80 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days and is down by -6.12% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -22 902 shares and in total 18 664 shares bought and sold for approximately £3.64 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the HSW.L stock was £194.80. This is 1.12% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.95% from a day low at £194.80 to a day high of £198.60.
30 day high of the HSW.L stock price was £218.00 and low was £194.40.
90 day high was £218.00 and low was £164.00.
52 week high for the Hostelworld Group plc - £425.00 and low - £164.00.
Hostelworld Group plc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £192.58 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.79% during the next 3 months and, with 90% probability hold a price between £215.29 and £251.63 at the end of this period.
There are few to none technical positive signals at the moment. Hostelworld Group plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £198.16 and £201.97. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
Hostelworld Group plc finds support from accumulated volume at £190.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £3.80 (1.95%) between high and low. For the last week, the stock has had a daily average volatility of 2.65%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Hostelworld Group plc stock holds several negative signals and despite the positive trend we believe Hostelworld Group plc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.