Previous Hold Today HSW.L ranks #2624 as HOLD CANDIDATE. Next Hold
Today HSW.L ranks #2624 as HOLD CANDIDATE.

HSW.L stock Hostelworld Group plc

HSW.L stock
Hostelworld Group plc

April 24, 2019
Change 4.35%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will HSW.L stock price go up or down on Fri, 26 Apr 2019?

Hostelworld Group plc Forecast and Stock Analysis

Technical HSW.L stock analysis for April 24, 2019.

Hold candidate since 2019-04-23 Gain 4.35%

Hostelworld Group plc gained 4.35% in the last trading day, rising from £230.00 to £240.00 , and has now gained 3 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. The price has risen in 6 of the last 10 days and is up by 11.89% over the past 2 weeks. Volume fell in the last day by -18 598 shares, and in total, 54 495 shares bought and sold for approximately £13.08 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the HSW.L stock was £240.00. This is 4.35% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 4.26% from a day low at £235.00 to a day high of £245.00.

30 day high of the HSW.L stock price was £245.00 and low was £180.80.
90 day high was £245.00 and low was £180.80.
52 week high for the Hostelworld Group plc - £420.00 and low - £164.00.

Trend

Hostelworld Group plc has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at £221.74, a level that may pose a second chance to hit a runner. According to fan-theory £258.39 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Hostelworld Group plc holds buy signals from both short- and long-term moving averages. In addition, 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 £226.57 and £201.91. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 01, 2019, which indicates further gains 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 may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 90 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £198.00 and £195.00.

There is 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, Hostelworld Group plc finds support just below today's level at £198.00. If this is broken, then the next support from accumulated volume will be at £195.00 and £187.00.

Support: £198.00 Price: £240.00

Risk

This stock may move much during a 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 £10.00 between high and low, or 4.26%. For the last week, the stock has had a daily average volatility of 4.01%.

The stock is extremely overbought on RSI14 (90). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: £231.07 (-3.72%) (This stock has high daily movements and this gives high risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from pivot bottom found 15 days ago.)

Overall risk:

Very Low Low Medium High Very High

Previous Hold Today HSW.L ranks #2624 as HOLD CANDIDATE. Next Hold
Today HSW.L ranks #2624 as HOLD CANDIDATE.