Hikma Pharmaceuticals (HIK)

Sell: 1,750.00p

Buy: 2,100.00p

Change: 78.00p | 4.17%

Last updated 16:38 22/11/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Strong Bearish
Medium term:

Strong Bullish
Long term:

Bearish

Short term comment

The technical price analysis can be skewed as neutral-bearish quoting in a range of low movement with near roof in 1952.069 and base in the 1934.75 area. Overcoming any of the two levels that delimit this range would warn of the meaning of the subsequent trend.

Long term comment

Between december 2023 and march 2024 a bearish phase took place and moved the price from 2135.157 to 1644.129. This phase was corrected by a significative upward reaction that returned the price to 2114.000 levels on the 18th of september. After this, the current fall from 2114.000 to 1757.000 has not reached the previous lows in 1644.129, an area of important support.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
1777.6670	1856.6670	1903.3330	1982.3330	2014.6670	2093.6670

Alerts

Alerts
Priority	Date	Warning
Medium priority	25/11/2024	The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
Medium priority	25/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	25/11/2024	Price in support area Its loss would be a negative signal, but note the possibility of noise around the level.
Medium priority	25/11/2024	Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.
High priority	25/11/2024	Price in resistance area. Breaking it would be a positive signal, but consider the possibility of noise (false breaks) around the level.
Medium priority	22/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	22/11/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	22/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	22/11/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	21/11/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	21/11/2024	Being near (below) the short-term moving average may lead to a decline, although if it breaks above the level the signal would be reversed to bullish.

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