HISCOX LTD (HSX.L) Stock Technical Analysis
LON:HSX - London Stock Exchange, The - BMG4593F1389 - Common Stock - Currency: GBX
We assign a technical rating of 7 out of 10 to HSX. In the last year, HSX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, HSX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 1193.50. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for HSX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
998.90
We found 3 important support areas.
- A support zone ranging from 1090.43 to 1105.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1053.57 from a trend line in the weekly time frame.
- A support zone ranging from 1008.99 to 1033.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1193.50 to 1207.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,207.01 | 1,090.42 | 116.59 (9.66%) | 10.35% |
| An entry @1207.01. This is a Buy Stop order right above the resistance zone. | An exit @1090.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 116.59 points, which is 9.66%. | When investing 10.35% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:HSX (3/7/2025, 5:29:59 PM)
1152
-5 (-0.43%)