Wednesday May 22, 2019 Change 0.36% Price £1 672.00
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will HSX.L stock price go up or down on Thu, 23 May 2019?

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Hiscox Ltd Forecast and Stock Analysis

Technical HSX.L stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-21 Gain 0.36%


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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Monday May 13, 2019 and based on theory for this formation the price should go up by 155.13% to £1 701.13 within 22 trading days since signal was issued (Thursday June 13, 2019).

Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Hiscox Ltd finds support from accumulated volume at £1 614.00.

Support: £1 614.00 Price: £1 672.00 Resistance: £1 674.00

Risk

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

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today HSX.L ranks #438 as BUY CANDIDATE #438 Stronger Buy

Will HSX.L stock price go up or down
on Thu, 23 May 2019?

Predict

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