Home Bancorp Stock Forecast
Home Bancorp stock price ended at $33.60 on Thursday, after losing 0.297%.
(Updated on Apr 18, 2024)
The Home Bancorp stock price fell by -0.297% on the last day (Thursday, 18th Apr 2024) from $33.70 to $33.60. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 3.67% from a day low at $33.60 to a day high of $34.83. The price has fallen in 8 of the last 10 days and is down by -9.19% for this period. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately $435.39 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.43% during the next 3 months and, with a 90% probability hold a price between $27.48 and $32.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HBCP Signals & Forecast
There are few to no technical positive signals at the moment. The Home Bancorp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $34.55 and $35.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -12.29%. 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). Home Bancorp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -2.58% to $32.73 within 29 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Home Bancorp stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.23 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 2.06%.
Home Bancorp is oversold on RSI14 (6). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HBCP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Home Bancorp to open at $34.01, and during the day (based on 14 day Average True Range), to move between $32.67 and $34.53, which gives a possible trading interval of +/-$0.93 (+/-2.76%) up or down from last closing price. If Home Bancorp takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $37.00, some $3.40 (10.12%) from the current price of $33.60, our system finds the risk reward not very attractive.
Is Home Bancorp stock A Buy?
Home Bancorp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.352 Sell Candidate Unchanged
Predicted Opening Price for Home Bancorp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $34.01 ( 1.22%) | $33.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBCP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.24 | 4.89 % | |
| R2 | 34.77 | 3.49 % | ||
| R1 | 34.48 | 2.63 % | ||
| Current price: | 33.60 | |||
| Support | S1 | 33.54 | -0.179 % | |
| S2 | 33.25 | -1.05 % | ||
| S3 | 32.78 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.22 | 10.77 % | |
| R2 | 37.11 | 10.45 % | ||
| R1 | 37.00 | 10.12 % | ||
| Current price | 33.60 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HBCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 02, 2024 | Feb 16, 2024 | $0.250 | 0.665% |
| 2 | Oct 18, 2023 | Oct 27, 2023 | Nov 09, 2023 | $0.250 | 0.701% |
| 3 | Jul 17, 2023 | Jul 28, 2023 | Aug 11, 2023 | $0.250 | 0.714% |
| 4 | Apr 18, 2023 | Apr 28, 2023 | May 12, 2023 | $0.250 | 0.83% |
| 5 | Jan 24, 2023 | Feb 03, 2023 | Feb 17, 2023 | $0.250 | 0.627% |
FAQ
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