Howden Joinery Group Plc Stock Forecast
Howden Joinery Group Plc stock price up 0.337% on Wednesday
(Updated on Mar 27, 2024)
The Howden Joinery Group Plc stock price gained 0.337% on the last trading day (Wednesday, 27th Mar 2024), rising from £890.20 to £893.20. During the last trading day the stock fluctuated 0.87% from a day low at £893.20 to a day high of £901.00. The price has fallen in 6 of the last 10 days but is still up by 2.24% over the past 2 weeks. Volume fell on the last day by -393 thousand shares and in total, 1 million shares were bought and sold for approximately £942.21 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £883.19, a level that may pose a second chance to hit a runner. According to fan-theory £933.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HWDN.L Signals & Forecast
The Howden Joinery Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £875.37 and £834.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 15.82%. Further rise is indicated 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Howden Joinery Group Plc stock
Howden Joinery Group Plc finds support from accumulated volume at £873.60 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 £7.80 between high and low, or 0.87%. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: £864.08 (-3.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (HWDN.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Howden Joinery Group Plc to open at £895.80, and during the day (based on 14 day Average True Range), to move between £876.68 and £909.72, which gives a possible trading interval of +/-£16.52 (+/-1.85%) up or down from last closing price. If Howden Joinery Group Plc takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £873.60, some £19.60 (2.19%) from the current price of £893.20, our system finds the risk reward attractive.
Is Howden Joinery Group Plc stock A Buy?
Howden Joinery Group Plc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.089 Strong Buy Candidate Unchanged
Predicted Opening Price for Howden Joinery Group Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£895.80 ( 0.291%) | £893.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HWDN.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 903.60 | 1.16 % | |
R2 | 900.62 | 0.83 % | ||
R1 | 898.78 | 0.625 % | ||
Current price: | 893.20 | |||
Support | S1 | 892.82 | -0.0425 % | |
S2 | 890.98 | -0.249 % | ||
S3 | 888.00 | -0.582 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 893.20 | |||
Support | S1 | 873.60 | -2.19% | |
S2 | 827.00 | -7.41% | ||
S3 | 771.60 | -13.61% |
HWDN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | May 24, 2024 | £16.20 | 1.81% |
2 | Feb 23, 2023 | Apr 06, 2023 | May 19, 2023 | £15.90 | 2.34% |
3 | Jul 21, 2022 | Oct 13, 2022 | Nov 18, 2022 | £4.70 | 0.789% |
4 | Feb 24, 2022 | Apr 07, 2022 | May 20, 2022 | £15.20 | 2.33% |
5 | Jul 22, 2021 | Oct 14, 2021 | Nov 19, 2021 | £4.30 | 0.468% |
FAQ
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