HWDN.L Forecast and Technical Stock Analysis
Buy candidate since 2019-08-16
Howden Joinery Group Plc gained 1.37% in the last trading day ( Friday, 16th Aug 2019 ), rising from £5.11 to £5.18 During the day the stock fluctuated 1.76% from a day low at £5.11 to a day high of £5.20. The price has been going up and down for this period, and there has been a -3.72% loss for the last 2 weeks. Volume fell in the last day by -0.08 million shares and in total, 1.50 million shares bought and sold for approximately £7.77 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.
- 30 day high of the HWDN.L stock price was £5.77 and low was £4.85.
- 90 day high was £5.77 and low was £4.77.
- 52 week high for Howden Joinery Group Plc - £511.40 and low - £4.12.
Howden Joinery Group Plc lies in the middle of a wide and 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 5.24% during the next 3 months and, with 90% probability hold a price between £5.16 and £6.10 at the end of this period.
Only positive signals in the chart today. 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 £5.23. On a fall, the stock will find some support from the long-term average at approximately £5.16. 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 Thursday August 15, 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 it may be an early warning. The stock should be watched closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 80 ]
RSI14 is 24 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Howden Joinery Group Plc finds support from accumulated volume at £5.05.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.09 between high and low, or 1.76%. For the last week, the stock has had a daily average volatility of 2.17%.
Our recommended stop-loss: £4.87 (-6.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
2.17 %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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!