Hiscox Ltd Forecast and Stock Analysis
Technical HSX.L stock analysis for Wednesday May 22, 2019.
Hiscox Ltd gained 0.36% in the last trading day ( Wednesday, 22nd May 2019 ), rising from £1 666.00 to £1 672.00 , 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. During day the stock fluctuated 1.87% from a day low at £1 657.00 to a day high of £1 688.00. The price has risen in 6 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 122 831 more shares were traded than the day before. In total, 584 611 shares bought and sold for approximately £977.47 million.
- 30 day high of the HSX.L stock price was £1 702.00 and low was £1 541.00.
- 90 day high was £1 702.00 and low was £1 541.00.
- 52 week high for the Hiscox Ltd - £1 727.00 and low - £1 411.00.
Hiscox Ltd lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.57% during the next 3 months and, with 90% probability hold a price between £1 598.12 and £1 748.97 at the end of this period.
Only positive signals in the chart today. Hiscox Ltd 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 £1 642.14 and £1 619.66. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Hiscox Ltd finds support from accumulated volume at £1 614.00.
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 £31.00 (1.87%) between high and low. For the last week, the stock has had a daily average volatility of 2.39%.
Our recommended stoploss: £1 598.14 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 7 days ago.)
2.39 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term.
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