Hostelworld Group plc Stock Forecast
Hostelworld Group plc stock price ended at £159.00 on Wednesday, after losing 0%.
(Updated on Mar 27, 2024)
No changes to the price of Hostelworld Group plc stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £159.00 to a day high of £159.00. The price has risen in 5 of the last 10 days but is still down by -3.05% for this period.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £156.63 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.50% during the next 3 months and, with a 90% probability hold a price between £190.30 and £211.29 at the end of this 3-month period.
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HSW.L Signals & Forecast
The Hostelworld Group plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £161.86. On a fall, the stock will find some support from the long-term average at approximately £157.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hostelworld Group plc stock
Hostelworld Group plc finds support from accumulated volume at £157.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.70%
Our recommended stop-loss: £152.61 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HSW.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Hostelworld Group plc to open at £159.00, and during the day (based on 14 day Average True Range), to move between £154.00 and £164.00, which gives a possible trading interval of +/-£5.00 (+/-3.15%) up or down from last closing price. If Hostelworld Group plc takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £159.50 (0.31%) than the support at £157.50 (0.94%), 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?
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 Hostelworld Group plc stock to perform well in the short-term.
Current score: 2.184 Buy Candidate Unchanged
Predicted Opening Price for Hostelworld Group plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£159.00 ( 0%) | £159.00 |
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 | 159.00 | . | |
R2 | 159.00 | . | ||
R1 | 159.00 | . | ||
Current price: | 159.00 | |||
Support | S1 | 159.00 | . | |
S2 | 159.00 | . | ||
S3 | 159.00 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 169.50 | 6.60 % | |
R2 | 162.00 | 1.89 % | ||
R1 | 159.50 | 0.314 % | ||
Current price | 159.00 | |||
Support | S1 | 157.50 | -0.94% | |
S2 | 155.50 | -2.20% | ||
S3 | 146.00 | -8.18% |
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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