Healthcare Services Group Stock Forecast
Big movements in Healthcare Services Group stock price on Wednesday moving 15.18% between high and low
(Updated on Apr 24, 2024)
The Healthcare Services Group stock price fell by -6.11% on the last day (Wednesday, 24th Apr 2024) from $11.95 to $11.22. During the last trading day the stock fluctuated 15.18% from a day low at $10.87 to a day high of $12.52. The price has fallen in 6 of the last 10 days and is down by -5.48% for this period. Volume has increased on the last day by 646 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, 951 thousand shares were bought and sold for approximately $10.67 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.60% during the next 3 months and, with a 90% probability hold a price between $13.25 and $17.02 at the end of this 3-month period.
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HCSG Signals & Forecast
There are few to no technical positive signals at the moment. The Healthcare Services Group 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 $11.69 and $12.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -12.62%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Healthcare Services Group stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.70 and $9.46. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Healthcare Services Group finds support just below today's level at $9.70. If this is broken, then the next support from accumulated volume will be at $9.46 and $9.44.
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 $1.65 between high and low, or 15.18%. For the last week, the stock has had daily average volatility of 4.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HCSG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Healthcare Services Group to open at $11.54, and during the day (based on 14 day Average True Range), to move between $10.86 and $11.58, which gives a possible trading interval of +/-$0.364 (+/-3.25%) up or down from last closing price. If Healthcare Services Group takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.03 (7.22%) than the support at $9.70 (13.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Healthcare Services Group stock A Buy?
The Healthcare Services Group stock holds several negative signals and despite the positive trend, we believe Healthcare Services Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.840 Sell Candidate Unchanged
Predicted Opening Price for Healthcare Services Group of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $11.54 ( 2.82%) | $11.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCSG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.19 | 17.53 % | |
| R2 | 12.56 | 11.91 % | ||
| R1 | 12.17 | 8.44 % | ||
| Current price: | 11.22 | |||
| Support | S1 | 10.91 | -2.80 % | |
| S2 | 10.52 | -6.27 % | ||
| S3 | 9.89 | -11.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.42 | 10.70 % | |
| R2 | 12.17 | 8.47 % | ||
| R1 | 12.03 | 7.22 % | ||
| Current price | 11.22 | |||
| Support | S1 | 9.70 | -13.55% | |
| S2 | 9.46 | -15.69% | ||
| S3 | 9.44 | -15.86% |
HCSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 19, 2022 | Nov 17, 2022 | Dec 22, 2022 | $0.215 | 1.78% |
| 2 | Jul 20, 2022 | Aug 18, 2022 | Sep 23, 2022 | $0.214 | 1.66% |
| 3 | Apr 20, 2022 | May 19, 2022 | Jun 24, 2022 | $0.213 | 1.24% |
| 4 | Feb 09, 2022 | Feb 24, 2022 | Mar 25, 2022 | $0.211 | 1.20% |
| 5 | Oct 20, 2021 | Nov 18, 2021 | Dec 23, 2021 | $0.210 | 1.22% |
FAQ
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