Halma plc Stock Forecast
Halma plc stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Halma plc stock price gained 0.457% on the last trading day (Thursday, 18th Apr 2024), rising from £2,190.00 to £2,200.00. During the last trading day the stock fluctuated 1.66% from a day low at £2,174.00 to a day high of £2,210.00. The price has fallen in 7 of the last 10 days and is down by -4.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 177 thousand more shares were traded than the day before. In total, 693 thousand shares were bought and sold for approximately £1.52 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £2,191.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.04% during the next 3 months and, with a 90% probability hold a price between £2,302.38 and £2,558.68 at the end of this 3-month period.
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HLMA.L Signals & Forecast
The Halma plc 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 £2,228.00 and £2,281.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.457%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
A sell signal from a double top formation was found on Tuesday, April 02, 2024 and based on theory for this formation the price should fall by -2.06% to £2,154.67 within 24 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Halma plc stock
Halma plc finds support from accumulated volume at £2,174.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £36.00 (1.66%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: £2,063.02 (-6.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (HLMA.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Halma plc to open at £2,194.67, and during the day (based on 14 day Average True Range), to move between £2,156.17 and £2,243.83, which gives a possible trading interval of +/-£43.83 (+/-1.99%) up or down from last closing price. If Halma plc takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,214.00 (0.64%) than the support at £2,174.00 (1.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Halma plc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.194 Buy Candidate Upgraded
Predicted Opening Price for Halma plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £2,194.67 ( 0.242%) | £2,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLMA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,230.67 | 1.39 % | |
| R2 | 2,216.91 | 0.769 % | ||
| R1 | 2,208.42 | 0.383 % | ||
| Current price: | 2,200.00 | |||
| Support | S1 | 2,180.91 | -0.87 % | |
| S2 | 2,172.42 | -1.25 % | ||
| S3 | 2,158.67 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,362.00 | 7.36 % | |
| R2 | 2,293.00 | 4.23 % | ||
| R1 | 2,214.00 | 0.636 % | ||
| Current price | 2,200.00 | |||
| Support | S1 | 2,174.00 | -1.18% | |
| S2 | 2,167.00 | -1.50% | ||
| S3 | 2,158.00 | -1.91% |
HLMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0 | 0% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £12.34 | 0.560% |
| 3 | Nov 17, 2022 | Dec 22, 2022 | Feb 03, 2023 | £7.86 | 0.340% |
| 4 | Jun 16, 2022 | Jul 14, 2022 | Aug 18, 2022 | £11.53 | 0.499% |
| 5 | Nov 18, 2021 | Dec 23, 2021 | Feb 04, 2022 | £7.35 | 0.302% |
FAQ
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