Weaker Buy Today HWDN.L ranks #1627 as BUY CANDIDATE. Stronger Buy
Today HWDN.L ranks #1627 as BUY CANDIDATE.

HWDN.L stock Howden Joinery Group Plc

HWDN.L stock
Howden Joinery Group Plc

April 18, 2019
Change 0.47%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will HWDN.L stock price go up or down on Tue, 23 Apr 2019?

Howden Joinery Group Plc Forecast and Stock Analysis

Technical HWDN.L stock analysis for April 18, 2019.

Buy candidate since 2019-04-16 Loss -1.34%

Howden Joinery Group Plc gained 0.47% in the last trading day, rising from £514.00 to £516.40 The price has risen in 5 of the last 10 days and is up by 0.27% over the past 2 weeks. Volume fell in the last day by -0.16 million shares, and in total, 1.50 million shares bought and sold for approximately £773.51 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 (Thursday, 18th Apr 2019) of the HWDN.L stock was £516.40. This is 0.47% more than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 0.97% from a day low at £513.00 to a day high of £518.00.

30 day high of the HWDN.L stock price was £528.20 and low was £477.70.
90 day high was £532.60 and low was £477.70.
52 week high for the Howden Joinery Group Plc - £541.80 and low - £412.40.

Trend

Given the current horizontal trend you can expect Howden Joinery Group Plc with 90% probability to be traded between £491.54 and £540.93 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

Howden Joinery Group Plc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately £519.54. On a fall, the stock will find some support from the long-term average at approximately £500.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday April 17, 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)

The stock holds a RSI14 at 71 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Howden Joinery Group Plc finds support from accumulated volume at £516.00.

Support: £516.00 Price: £516.40 Resistance: £523.40

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 £5.00 (0.97%) between high and low. For the last week, the stock has had a daily average volatility of 1.53%.

Our recommended stoploss: £489.07 (-5.29%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 71 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Howden Joinery Group Plc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today HWDN.L ranks #1627 as BUY CANDIDATE. Stronger Buy
Today HWDN.L ranks #1627 as BUY CANDIDATE.