Hawthorn Bancshares, Inc Stock Forecast
Hawthorn Bancshares, Inc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Hawthorn Bancshares, Inc stock price gained 2.29% on the last trading day (Thursday, 18th Apr 2024), rising from $20.50 to $20.97. During the last trading day the stock fluctuated 3.97% from a day low at $20.17 to a day high of $20.97. The price has risen in 6 of the last 10 days and is up by 0.33% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 5 thousand shares were bought and sold for approximately $111.71 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.
Given the current short-term trend, the stock is expected to fall -20.20% during the next 3 months and, with a 90% probability hold a price between $13.33 and $16.73 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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HWBK Signals & Forecast
The Hawthorn Bancshares, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.86 and $20.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 11.78%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Hawthorn Bancshares, Inc stock
Hawthorn Bancshares, Inc finds support from accumulated volume at $20.85 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 $0.800 between high and low, or 3.97%. For the last week the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: $20.04 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (HWBK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hawthorn Bancshares, Inc to open at $20.70, and during the day (based on 14 day Average True Range), to move between $20.23 and $21.71, which gives a possible trading interval of +/-$0.743 (+/-3.54%) up or down from last closing price. If Hawthorn Bancshares, Inc takes out the full calculated possible swing range there will be an estimated 7.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.85 (0.57%) than the resistance at $22.23 (6.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Hawthorn Bancshares, Inc will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for Hawthorn Bancshares, Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.28% in the first trading day after earnings release.
Is Hawthorn Bancshares, Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.064 Buy Candidate Upgraded
Predicted Opening Price for Hawthorn Bancshares, Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $20.70 ( 1.27%) | $20.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HWBK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.50 | 2.54 % | |
| R2 | 21.20 | 1.09 % | ||
| R1 | 21.01 | 0.186 % | ||
| Current price: | 20.97 | |||
| Support | S1 | 20.40 | -2.73 % | |
| S2 | 20.21 | -3.63 % | ||
| S3 | 19.90 | -5.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.50 | 12.06 % | |
| R2 | 23.05 | 9.92 % | ||
| R1 | 22.23 | 6.01 % | ||
| Current price | 20.97 | |||
| Support | S1 | 20.85 | -0.572% | |
| S2 | 20.08 | -4.24% | ||
| S3 | 20.00 | -4.63% |
HWBK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.170 | 0.81% |
| 2 | Oct 25, 2023 | Dec 14, 2023 | Jan 01, 2024 | $0.170 | 0.670% |
| 3 | Jul 26, 2023 | Sep 14, 2023 | Oct 01, 2023 | $0.170 | 1.05% |
| 4 | Apr 26, 2023 | Jun 14, 2023 | Jul 01, 2023 | $0.170 | 0.95% |
| 5 | Jan 30, 2023 | Mar 14, 2023 | Apr 01, 2023 | $0.170 | 0.756% |
FAQ
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