<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>HLN stock price: The bulls are taking charge after taking support of the 50 EMA&nbsp;</a> </li> 
 <li> <span>2</span> <a>The stock is looking to make a recovery from being in a consolidation zone.</a> </li> 
 <li> <span>3</span> <a>The bulls broke the major resistance of £311 after making a gap-up opening in December</a> </li> 
</ul> 
<p>Haleon Plc (LON: HLN) is a listed company on the London Stock Exchange. The company provides consumer healthcare products across North America, EMEA, LatAm, and Asia Pacific. Being a large-cap stock, the firm has a market capitalization of £30.8 Billion.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-some-previous-actions-of-the-hln-stock-price-strong"><strong>Some previous actions of the HLN stock price</strong></h2> 
<p>The HLN stock price started rising after hitting an all-time low of £241 back in September of 2022. As the investors started a bullish trend, the management of the stock supported them with positive financials. In November of last year, the firm posted its quarterly reports after which the bulls broke the major resistance of £284.</p> 
<p>This bullish action was followed by a gap opening, after which the bulls broke another resistance of £311 in early December. Since then, the HLN stock price has been in a consolidation zone.</p> 
<p>The HLN stock price is showing a bullish signal as it surfs its&nbsp; 200-day EMA. The recent surge in price, as it approached the support level of £316, indicates that the bulls are in control. Moreover, the 50-day EMA trading at £325 has also given some support to the bulls.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-hln-stock-price-strong"><strong>Technical Analysis and Prediction of HLN Stock Price</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="511" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-1024x511.png" alt="" class="wp-image-170137" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-768x383.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-1536x766.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-750x374.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649-1140x569.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-649.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Chart provided by <a href="https://in.tradingview.com/chart/1SBAxzHq/?symbol=LSE%3AHLN" target="_blank" rel="noreferrer noopener">TradingView</a> (daily time frame)
  </figcaption>
 </figure>
</div> 
<p>As of this writing, the shares are trading at a level of £336, looking to sustain above the immediate resistance level of £335. If the breakout happens with immediate resistance, the HLN stock price is likely to move towards its 2nd supply zone of £350. However, if the bears reclaimed, the stock will go down towards the 2nd support level of £289.</p> 
<h2 class="wp-block-heading" id="strong-what-do-the-indicators-have-to-say-strong"><strong>What do the indicators have to say?</strong></h2> 
<p>Beyond these support and resistance levels, the RSI indicator is showing an uptrend after coming back from its oversold level of 30. At present, the RSI line has made a bullish crossover with its Simple moving average (SMA). Here the RSI line is at 62, 8 points below its oversold level of 70. The bullish investors do have a chance to sustain above the resistance level.</p> 
<p>On the other hand, the MACD line is showing a similar trend as the RSI. A few days ago, the MACD made a bullish crossover with its EMA line. At present, both of them have come above the neutral zone of zero.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Haleon Plc (LON: HLN) provides consumer healthcare products across North America, EMEA, LatAm, and Asia Pacific. According to the technicals, it seems that an uptrend for the HLN <a href="https://www.thecoinrepublic.com/2023/09/21/hlx-stock-forecast-will-helix-stock-reach-the-target-of-15/" target="_blank" rel="noreferrer noopener">stock price</a> is on the horizon. This prediction is based on the fact that the stock has successfully crossed past its resistance level. Another factor supporting this uptrend is the RSI, which is currently far from its oversold level of 70. It indicates that the stock is in a favorable position for bullish investors.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support:£316 and&nbsp; £289</p> 
<p>Resistance: £335 and £350</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

HLN Stock Price: Bears Gave up After the Reinforcement of 50 EMA

目次

Thecoinrepublic.com

2023年9月21日公開の他の記事

Beware the predictive power of Bitcoin halvings

Galaxy Digital Is Keen on European Expansion As The Firm Hires First Regional Head

FTX Granted Legal Authorization for Billion-Dollar Crypto Liquidation: What It Means for Borroe.F...

PFP Collection

Introducing MarketPlace: Your Gateway to the Web3

Top 3 Reasons why the Next Crypto Bullrun will be STRONG!

ニュースレターを購読して暗号資産の最新情報を毎日入手！