Houlihan Lokey Inc Stock Forecast
Weaker technical forecast for Houlihan Lokey Inc as stock downgraded to Sell Candidate.
(Updated on Apr 16, 2024)
The Houlihan Lokey Inc stock price gained 0.202% on the last trading day (Tuesday, 16th Apr 2024), rising from $123.88 to $124.13. During the last trading day the stock fluctuated 1.68% from a day low at $122.72 to a day high of $124.79. The price has fallen in 6 of the last 10 days and is down by -3.29% for this period. Volume fell on the last day by -47 thousand shares and in total, 228 thousand shares were bought and sold for approximately $28.27 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 weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $124.42. A reaction back to this level may hold a second chance to get out before further falls.
HLI Signals & Forecast
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. The Houlihan Lokey Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $127.61 and $126.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.42%. 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).
Support, Risk & Stop-loss for Houlihan Lokey Inc stock
Houlihan Lokey Inc finds support from accumulated volume at $124.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.07 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLI) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Houlihan Lokey Inc to open at $123.88, and during the day (based on 14 day Average True Range), to move between $121.57 and $126.69, which gives a possible trading interval of +/-$2.56 (+/-2.06%) up or down from last closing price. If Houlihan Lokey Inc takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $124.08 (0.04%) than the resistance at $124.27 (0.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Houlihan Lokey Inc stock A Buy?
The Houlihan Lokey Inc stock holds several negative signals and despite the positive trend, we believe Houlihan Lokey Inc will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.070 Sell Candidate Downgraded
Predicted Opening Price for Houlihan Lokey Inc of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $123.88 ( 0.203%) | $124.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.94 | 1.46 % | |
| R2 | 125.15 | 0.83 % | ||
| R1 | 124.67 | 0.433 % | ||
| Current price: | 124.13 | |||
| Support | S1 | 123.09 | -0.84 % | |
| S2 | 122.60 | -1.23 % | ||
| S3 | 121.81 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.73 | 3.71 % | |
| R2 | 126.90 | 2.23 % | ||
| R1 | 124.27 | 0.113 % | ||
| Current price | 124.13 | |||
| Support | S1 | 124.08 | -0.0403% | |
| S2 | 122.91 | -0.98% | ||
| S3 | 119.78 | -3.50% |
HLI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.550 | 0.443% |
| 2 | Oct 26, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.550 | 0.451% |
| 3 | Jul 27, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.550 | 0.503% |
| 4 | May 09, 2023 | Jun 01, 2023 | Sep 15, 2023 | $0.550 | 0.503% |
| 5 | Jan 31, 2023 | Mar 01, 2023 | Mar 15, 2023 | $0.530 | 0.589% |
FAQ
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