Hostelworld Group plc Stock Forecast
Hostelworld Group plc stock downgraded to Sell Candidate
(Updated on Apr 15, 2024)
The Hostelworld Group plc stock price gained 1.28% on the last trading day (Monday, 15th Apr 2024), rising from £156.00 to £158.00. During the last trading day the stock fluctuated 2.58% from a day low at £155.00 to a day high of £159.00. The price has risen in 4 of the last 10 days and is up by 1.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately £6.79 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £154.68 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 12.95% during the next 3 months and, with a 90% probability hold a price between £174.71 and £199.03 at the end of this 3-month period.
HSW.L Signals & Forecast
There are mixed signals in the stock today. The Hostelworld Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £160.33. On a fall, the stock will find some support from the short-term average at £157.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -7.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hostelworld Group plc stock
Hostelworld Group plc finds support from accumulated volume at £157.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £4.00 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HSW.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Hostelworld Group plc to open at £157.33, and during the day (based on 14 day Average True Range), to move between £153.13 and £162.87, which gives a possible trading interval of +/-£4.87 (+/-3.08%) up or down from last closing price. If Hostelworld Group plc takes out the full calculated possible swing range there will be an estimated 6.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £157.50 (0.32%) than the resistance at £159.50 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hostelworld Group plc stock A Buy?
Hostelworld Group plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.671 Sell Candidate Downgraded
Predicted Opening Price for Hostelworld Group plc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £157.33 ( 0.422%) | £158.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSW.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.33 | 2.11 % | |
| R2 | 159.81 | 1.14 % | ||
| R1 | 158.86 | 0.545 % | ||
| Current price: | 158.00 | |||
| Support | S1 | 155.81 | -1.39 % | |
| S2 | 154.86 | -1.99 % | ||
| S3 | 153.33 | -2.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.50 | 7.28 % | |
| R2 | 162.00 | 2.53 % | ||
| R1 | 159.50 | 0.95 % | ||
| Current price | 158.00 | |||
| Support | S1 | 157.50 | -0.316% | |
| S2 | 155.50 | -1.58% | ||
| S3 | 146.00 | -7.59% |
HSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2020 | Apr 16, 2020 | May 08, 2020 | £2.10 | 3.04% |
| 2 | Aug 21, 2019 | Aug 29, 2019 | Sep 20, 2019 | £4.14 | 3.41% |
| 3 | Apr 02, 2019 | May 09, 2019 | Jun 05, 2019 | £8.87 | 4.50% |
| 4 | Aug 21, 2018 | Aug 30, 2018 | Sep 21, 2018 | £4.73 | 2.32% |
| 5 | Apr 10, 2018 | May 10, 2018 | Jun 14, 2018 | £11.83 | 3.48% |
FAQ
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