Hostelworld Group plc Stock Forecast
Red day on Thursday for Hostelworld Group plc stock after losing 0.325%
(Updated on Apr 18, 2024)
The Hostelworld Group plc stock price fell by -0.325% on the last day (Thursday, 18th Apr 2024) from £154.00 to £153.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.92% from a day low at £153.00 to a day high of £159.00. The price has fallen in 6 of the last 10 days and is down by -4.06% for this period. Volume has increased on the last day by 86 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 123 thousand shares were bought and sold for approximately £18.90 million.
Given the current short-term trend, the stock is expected to rise 11.49% during the next 3 months and, with a 90% probability hold a price between £171.14 and £196.87 at the end of this 3-month period.
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HSW.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hostelworld Group plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £155.86 and £160.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -10.23%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hostelworld Group plc stock
Hostelworld Group plc finds support from accumulated volume at £146.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £6.00 between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HSW.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hostelworld Group plc to open at £155.17, and during the day (based on 14 day Average True Range), to move between £148.57 and £158.43, which gives a possible trading interval of +/-£4.93 (+/-3.21%) up or down from last closing price. If Hostelworld Group plc takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £155.50 (1.30%) than the support at £146.75 (4.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hostelworld Group plc stock A Buy?
The Hostelworld Group plc stock holds several negative signals and despite the positive trend, we believe Hostelworld Group plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.252 Sell Candidate Unchanged
Predicted Opening Price for Hostelworld Group plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £155.17 ( 1.09%) | £153.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSW.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.17 | 4.99 % | |
| R2 | 158.87 | 3.50 % | ||
| R1 | 157.46 | 2.58 % | ||
| Current price: | 153.50 | |||
| Support | S1 | 152.87 | -0.407 % | |
| S2 | 151.46 | -1.33 % | ||
| S3 | 149.17 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159.50 | 3.91 % | |
| R2 | 157.50 | 2.61 % | ||
| R1 | 155.50 | 1.30 % | ||
| Current price | 153.50 | |||
| Support | S1 | 146.75 | -4.40% | |
| S2 | 146.00 | -4.89% | ||
| S3 | 144.00 | -6.19% |
HSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2020 | Apr 16, 2020 | May 08, 2020 | £2.10 | 3.04% |
| 2 | Aug 21, 2019 | Aug 29, 2019 | Sep 20, 2019 | £4.14 | 3.41% |
| 3 | Apr 02, 2019 | May 09, 2019 | Jun 05, 2019 | £8.87 | 4.50% |
| 4 | Aug 21, 2018 | Aug 30, 2018 | Sep 21, 2018 | £4.73 | 2.32% |
| 5 | Apr 10, 2018 | May 10, 2018 | Jun 14, 2018 | £11.83 | 3.48% |
FAQ
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