HomeStreet Stock Forecast

HomeStreet stock price fell more than -5.40% Wednesday closing at $12.27
(Updated on Apr 24, 2024)

HMST Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.409%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HomeStreet 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 $12.46 and $14.11. A break-up above any of these levels will issue buy signals. 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 HomeStreet stock

HomeStreet finds support from accumulated volume at $12.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.83 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 4.69%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HMST) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect HomeStreet to open at $12.45, and during the day (based on 14 day Average True Range), to move between $11.68 and $12.86, which gives a possible trading interval of +/-$0.594 (+/-4.84%) up or down from last closing price. If HomeStreet takes out the full calculated possible swing range there will be an estimated 9.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.22 (0.41%) than the resistance at $12.53 (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HomeStreet stock A Buy?

HomeStreet holds several negative signals and is within a very 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: -4.248 Sell Candidate Unchanged

Predicted Opening Price for HomeStreet of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.