RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HOFT
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Hooker Furniture Corporation stock price up 3.14% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Gain 1.29% PDF

The Hooker Furniture Corporation stock price gained 3.14% on the last trading day (Wednesday, 27th Mar 2024), rising from $22.92 to $23.64. During the last trading day the stock fluctuated 2.20% from a day low at $23.18 to a day high of $23.69. The price has fallen in 6 of the last 10 days but is still up by 0.25% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 14 thousand shares were bought and sold for approximately $322.85 thousand. 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 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 -5.19% during the next 3 months and, with a 90% probability hold a price between $21.05 and $23.77 at the end of this 3-month period.

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HOFT Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 4.88%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hooker Furniture Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $23.83. On a fall, the stock will find some support from the short-term average at $23.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Hooker Furniture Corporation stock

Hooker Furniture Corporation finds support from accumulated volume at $23.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.510 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 2.78%.

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

Trading Expectations (HOFT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Hooker Furniture Corporation to open at $23.50, and during the day (based on 14 day Average True Range), to move between $22.83 and $24.45, which gives a possible trading interval of +/-$0.81 (+/-3.41%) up or down from last closing price. If Hooker Furniture Corporation takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.59 (0.21%) than the resistance at $23.74 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hooker Furniture Corporation stock A Buy?

Hooker Furniture Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.719 Sell Candidate Unchanged

Predicted Opening Price for Hooker Furniture Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$23.50 ( 0.578%) $23.64

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

Trading levels for HOFT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.01 1.58 %
R2 23.82 0.755 %
R1 23.70 0.246 %
Current price: 23.64
Support S1 23.31 -1.40 %
S2 23.19 -1.91 %
S3 22.99 -2.74 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.98 5.67 %
R2 24.12 2.03 %
R1 23.74 0.423 %
Current price 23.64
Support S1 23.59 -0.212%
S2 23.08 -2.37%
S3 23.01 -2.66%

HOFT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2024 Mar 15, 2024 Mar 29, 2024 $0.230 0.97%
2 Dec 05, 2023 Dec 14, 2023 Dec 29, 2023 $0.230 0.88%
3 Sep 05, 2023 Sep 15, 2023 Sep 29, 2023 $0.220 1.13%
4 Jun 05, 2023 Jun 15, 2023 Jun 30, 2023 $0.220 1.18%
5 Mar 03, 2023 Mar 16, 2023 Mar 31, 2023 $0.220 1.21%

FAQ

What is the symbol for Hooker Furniture Corporation Stock and on which exchange is it traded?
The symbol for Hooker Furniture Corporation is HOFT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Hooker Furniture Corporation Stock?
Hooker Furniture Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Hooker Furniture Corporation Stock?
Hooker Furniture Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hooker Furniture Corporation Stock.

What's the current price of Hooker Furniture Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Hooker Furniture Corporation (HOFT) share was $23.64.

What is the 52-week high and low for Hooker Furniture Corporation Stock?
The 52-week high for Hooker Furniture Corporation Stock is $27.15 and the 52-week low is $14.73.

What is the market capitalization of Hooker Furniture Corporation Stock?
As of the 2024-03-27, the market capitalization of Hooker Furniture Corporation is 252.281M.

When is the next earnings date for Hooker Furniture Corporation?
The upcoming earnings date for Hooker Furniture Corporation is Apr 11, 2024.
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About Hooker Furniture Corporation

Hooker Furniture Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. The company's Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand. Its Home Meridian segment provides home furnishings under the Accen... HOFT Profile

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