Haynes Publishing Group P.L.C. Stock Forecast

Stronger technical forecast for Haynes Publishing Group P.L.C. stock price after Tuesday trading.
(Updated on Apr 21, 2020)

HYNS.L Signals & Forecast

There are mixed signals in the stock today. The Haynes Publishing Group P.L.C. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £6.85 and £6.85. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, March 20, 2020, and so far it has risen 1.48%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Haynes Publishing Group P.L.C. stock

Haynes Publishing Group P.L.C. finds support from accumulated volume at £6.83 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 0%

Our recommended stop-loss: £6.44 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (HYNS.L) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Haynes Publishing Group P.L.C. to open at £6.85, and during the day (based on 14 day Average True Range), to move between £6.82 and £6.88, which gives a possible trading interval of +/-£0.0287 (+/-0.42%) up or down from last closing price. If Haynes Publishing Group P.L.C. takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £6.83 (0.29%) than the resistance at £6.90 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Haynes Publishing Group P.L.C. stock A Buy?

Haynes Publishing Group P.L.C. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.882 Hold/Accumulate Upgraded

Predicted Opening Price for Haynes Publishing Group P.L.C. of Wednesday, April 22, 2020

The predicted opening price is based on yesterday's movements between high, low, and closing price.